Posted on 06/01/2012 3:11:49 PM PDT by Kaslin
Every month Doug Short at Advisor Perspective writes an excellent report on GDP. With today's release of the Q1 GDP Second Estimate, Doug Short has a new column worth a good look: Will the "Real" GDP Please Stand Up? (The Deflator Makes Big a Difference).
How do you get from Nominal GDP to Real GDP? You subtract inflation. The Bureau of Economic Analysis (BEA) uses its own GDP deflator for this purpose, which is somewhat different from the BEA's deflator for Personal Consumption Expenditures and quite a bit different from the better-known Bureau of Labor Statistics' inflation gauge, the Consumer Price Index.
The Lower the Deflator, the Higher the GDP
I have a note at the bottom showing the real GDP calculation method. Suffice to say that the higher the increase in compounded annual percentage change in the deflator, the lower the real GDP. Conversely the lower the increase (or if there is a decrease), the higher the real GDP.GDP Four Ways
Doug Short calculates the GDP using four different deflators.
I find this "alternate Real" GDP to be interesting (in a bizarre sort of way), but I personally see no credibility in the hyper-negative GDP it produces. On the contrary, I see this chart as further evidence that the alternate CPI, despite its popular among many critics of government data, is a misguided concept.Alternate Nonsense
Bizarre is a polite way of putting things. I would call it total nonsense. To believe Williams one would have to the economy was in a recession the vast majority of the time for the last 25 years.
Williams has a huge following, mainly by the hyperinflationist crowd. Williams himself has been predicting hyperinflation for some time.
I prefer to invest in lead, as in ammo. Then I can take your gold if I need it.
You may be saying that in jest, but at some point it will be all too real and common.
It should be a warning to those who think that conservatives will hang together and win a CWII.
We don't have a common tradition of honor and morality any more.
A joke about theft and murder of fellow Freepers seems funny to you?
Shining City on the Hill has become Lord of the Flies.
...ouch
sam_paine seems to have an accurate assessment of the situation....
It’s nice when a Freeper reveals himself to be nothing more than a scumbag looter early in the game. Thanks.
Oh fantastic! Third and final brent13a post to go along with that sweet thought.
Colin Powell expresses support for gay marriage
Wednesday, May 23, 2012 5:52:24 PM · 44 of 62
brent13a to LeoWindhorse
As a law enforcement officer I run into a fair share of homo-couples in the line of duty. .....
So lo and behold. The lovely freeper who has been on threads all week chastising people left and right for not taking heed of His Word turns out to be a LEO just joshing about murder and larceny.
Why would I take the time to link all this? Perhaps He is working through me to help brent see His light more, well, consistently. Anyone he's arresting tonight is praying, surely, while they are at brent's mercy.
Did you read that guy’s post above? Turns out he’s a cop. Of course there’s good people out here. But there’s a lot of sob’s too who are itching to get a chance to cut a throat or too. Doesn’t seem to matter to them who it is, friend or foe.
Yep thats what I obviously meant: looting. That’s me, a murdering privateer.
It wasn’t that I referencing the fact that if the ‘worst’ happens the things that will be worth more than gold will be: food, clean water, ammunition.
Who cares about gold when your family is starving or dying from dysentery because theres no clean water?
Who cares about gold if you have no guns or ammunition to protect it or maybe your family?
Nope, that’s me, I’m just waiting for the end times so I can go about serial killing everybody.....yep that would be me.
Beck is an a$$hat because for every minuscule instance that he utters something decent or valid he wildly invalidates it by running off at the mouth with blithering stupidity.
Oh great. You’re a cop. Shoot any family dogs lately?
1) You call yourself a cop. Might be a lie, might not.
2) You critique others for how they praise God. Not sure if you have a Bible or just do searches on google.
3) You make jokes about having ammunition on hand so you can take other people's property when the opportunity arises during chaos.
Don't know when you are lying, and don't know what you will really do when chaos hits, and not sure if you'll be wearing your uniform when you make those choices, but it's pretty clear in the here and now: you most certainly are a creep.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.