Us gdp

[jazz]

Rebounding at 20% per annum levels through Q3 and Q4.

[Austrian Economics]

The problem with GDP as a measure of economic growth is that it simply tallies up all the spending going on in the economy, with no regard as to whether it is useful or not. By useful, I mean investment on plant and equipment that increases the division of labor. Much of the reason for current GDP growth is simply because governments of all stripes are on an unprecedented borrowing spree. Most of the borrowing, however, will be spent on the equivalent of paying some people to dig holes and other people to fill them in.

[jazz]

I hear you AE, but until we have agreement on some new system tio measure output, this is the gold standard.

I suspect a pretty good rally in the S&P and rebound of the USD is in store.

[errolanderson]

Bloodbath in precious metals today. Gold back down to $1,800? Nasty margin calls triggering ‘git me out now’ selling today. USD appears oversold.

Rout like this will shake the gold bulls for a spell. Classic commodity washout . . . .

[ajl]

What is that the 437 or 856th time the US bears have been wrong Jazz? Gotta be the longest broken record playing ever. Just hope they don't screw it up in November. I was in that camp at one time as well but did smarten up in time.

[macdon02]

The problem with GDP as a measure of economic growth is that it simply tallies up all the spending going on in the economy, with no regard as to whether it is useful or not. By useful, I mean investment on plant and equipment that increases the division of labor. Much of the reason for current GDP growth is simply because governments of all stripes are on an unprecedented borrowing spree. Most of the borrowing, however, will be spent on the equivalent of paying some people to dig holes and other people to fill them in.

Yes, it measures dollars, not goods, devalue the home currency and voila, GDP is up, doesn't matter the country, they all measure the same. So if goods are static but currency devalues, it appears "something" is happening. I refuse to bet against the US till there's a new high in their dollar or at very least a second attempt at 160. They can't measure inflation/ deflation ..... the models are broken,people so my best bet is FED over does it. We are in for a real rodeo of up and down in everything and it'll get extreme. See the metals. I thought sub $1200 was still in play but that might be 1362~ wait and see. Need to raise the entry point.

[farming101]

See the metals. I thought sub $1200 was still in play but that might be 1362~ wait and see. Need to raise the entry point.

OI! I'll wait and see if 1760 holds first

[macdon02]

OI! I'll wait and see if 1760 holds first

It's left "gaps" at 680, 800~, 1197, 1362, there's all sorts of targets needing filling. But nothing says they gotta fill on the way up, cam happen on the way down. I merely ratcheted up my possibilities, the top is opening as well. It's nasty how far it can go.

[biglentil]

Get ready for a nasty 2008 style market correction. The commercial banks have it all tee'd up they've been loading up on bonds for some time. They've been tightening credit standards to near all time levels. Without credit real estate and the general market will crater. They want to implode the market. You may say well why do they want to do that? They know the feds hand ahead of time. The fed will slash rates causing the banks bonds to go up in value significantly, debtors will be bailed out. Gold tanks near term but the Fed's quick response of 0% interest rates and QE5 will drive it right back up. The USD will rally while the market is near an all time net short. Its all set up just like the pre 2008 financial crisis.

[errolanderson]

Get ready for a nasty 2008 style market correction. The commercial banks have it all tee'd up they've been loading up on bonds for some time. They've been tightening credit standards to near all time levels. Without credit real estate and the general market will crater. They want to implode the market. You may say well why do they want to do that? They know the feds hand ahead of time. The fed will slash rates causing the banks bonds to go up in value significantly, debtors will be bailed out. Gold tanks near term but the Fed's quick response of 0% interest rates and QE5 will drive it right back up. The USD will rally while the market is near an all time net short. Its all set up just like the pre 2008 financial crisis.

biglentil, you are right on-the-money . . . .

A money printing rally in a failing economy just doesn’t cut it. Precious metals may become extremely unpredictable. Rallies, followed by disapointnent. No real inflationary undertone except fake money-printing that already has an expired shelflife for any extended impact.