… Not Lack of Skills or Education
More socialist bullshit from the evil publicly donated supported Real News Network.
http://therealnews.com/t2/index.php?option=com_content&task=view&id=767&Itemid=74&jumival=10007
http://www.tradingeconomics.com/united-states/consumer-spending
Hmmm… Wouldn’t a decrease in demand be the opposite of this chart?
Tax more, regulate more, blame business and free market for problems, await votes from ignorant.
[quote]countingbeans wrote:
http://www.tradingeconomics.com/united-states/consumer-spending
Hmmm… Wouldn’t a decrease in demand be the opposite of this chart?[/quote]
Not when the Fed is printing Forty Billion dollars a month to cover the Obama/Democrats spending spree. When a currency is devalued, people will have to spend more, much more, just to meet their basic needs.
Which is exactly what that chart shows. Consumer spending is higher than it was before the economy went down the shitter. But only because we are spending more of a devalued currency. ie Gasoline was less than two dollars a gallon when Obama entered office, I’m paying over four dollars a gallon now. So my consumer spending on gasoline has doubled even though I barely venture out of my home anymore because I can’t afford it.
Skyrocketing consumer prices is exactly what Obama said he was going to cause. So with skyrocketing prices the consumer spending charts are meaningless unless we account for the change in the dollar buying power. Which if we compare it to gasoline the buying power is now half what it used to be. So in reality that chart would have to show a doubling of consumer spending just to maintain where we were in 2008.
[quote]Sifu wrote:
[quote]countingbeans wrote:
http://www.tradingeconomics.com/united-states/consumer-spending
Hmmm… Wouldn’t a decrease in demand be the opposite of this chart?[/quote]
Not when the Fed is printing Forty Billion dollars a month to cover the Obama/Democrats spending spree. When a currency is devalued, people will have to spend more, much more, just to meet their basic needs.
Which is exactly what that chart shows. Consumer spending is higher than it was before the economy went down the shitter. But only because we are spending more of a devalued currency. ie Gasoline was less than two dollars a gallon when Obama entered office, I’m paying over four dollars a gallon now. So my consumer spending on gasoline has doubled even though I barely venture out of my home anymore because I can’t afford it.
Skyrocketing consumer prices is exactly what Obama said he was going to cause. So with skyrocketing prices the consumer spending charts are meaningless unless we account for the change in the dollar buying power. Which if we compare it to gasoline the buying power is now half what it used to be. So in reality that chart would have to show a doubling of consumer spending just to maintain where we were in 2008.
[/quote]
Even with the printing of the money the CPI isn’t out of control (yet). I feel like we are in a period of deflation and the shitty Fed Policy is preventing it.
Using gas prices:
April of 08 was about the same as now, but that seems like an outlyer so lets go back further.
From the begining of the chart until around November 2010 it hovers around 2.60 (assumed lower to help your point), April of 2013 it is around 3.60. That is a 38% increase, or $1.0.
Highest Consumer Spending pre-dip is Jan of 08 at 9289.1. So a 38% increase would mean you would need consumer spending over 12,818.9 to have an increase… No that didn’t happen.
So in your example of gas prices as the only measure of inflation, there is a reduction of demand. But inflation according to the CPI isn’t anywhere near 38%, more like 8-10% of that figure.
Nuh Uh!!! CB here let me quote something from the Real News.
Oh there is nothing to quote maybe there is another place on the interwebz to state you are wrong.
Oh there is nothing to rebut your argument.
Well you are just indoctrinated by the Faux News. Yeah that is it.
Who am I?
In other words, if real inflation is over 4%, no there isn’t an increase in Consumer Spending in raw dollars.
IN real dollars, or month over month would be a better measuring stick, because it would compare equal dollars.
http://www.bea.gov/iTable/iTable.cfm?reqid=9&step=1&acrdn=2#reqid=9&step=3&isuri=1&903=83
Assuming I’m reading this correctly, which I may not be, it isn’t gangbusters, but it is creeping up.
And you all know I’m not about to pat Bam on the back for his handling of the economic situation here, so…
It’s all statistical gimmicks. In a rational society, statistics like “unemployment” and CPI wouldn’t even be collected.
[quote]dmaddox wrote:
Nuh Uh!!! CB here let me quote something from the Real News.
Oh there is nothing to quote maybe there is another place on the interwebz to state you are wrong.
Oh there is nothing to rebut your argument.
Well you are just indoctrinated by the Faux News. Yeah that is it.
Who am I?[/quote]
Eh, DaRealznewz might be right on this one, I don’t know.
Even a broken clock is right twice a day.
[quote]countingbeans wrote:
http://www.tradingeconomics.com/united-states/consumer-spending
Hmmm… Wouldn’t a decrease in demand be the opposite of this chart?[/quote]
Are you denying there is a decrease in demand?
[quote]Zeppelin795 wrote:
[quote]countingbeans wrote:
http://www.tradingeconomics.com/united-states/consumer-spending
Hmmm… Wouldn’t a decrease in demand be the opposite of this chart?[/quote]
Are you denying there is a decrease in demand?[/quote]
I’ve answered this question, more than once, in this very thread…
It isn’t like you could provide any sources to either side of the argument so what is the point?
[quote]Sifu wrote:
[quote]countingbeans wrote:
http://www.tradingeconomics.com/united-states/consumer-spending
Hmmm… Wouldn’t a decrease in demand be the opposite of this chart?[/quote]
Not when the Fed is printing Forty Billion dollars a month to cover the Obama/Democrats spending spree. When a currency is devalued, people will have to spend more, much more, just to meet their basic needs.
Which is exactly what that chart shows. Consumer spending is higher than it was before the economy went down the shitter. But only because we are spending more of a devalued currency. ie Gasoline was less than two dollars a gallon when Obama entered office, I’m paying over four dollars a gallon now. So my consumer spending on gasoline has doubled even though I barely venture out of my home anymore because I can’t afford it.
Skyrocketing consumer prices is exactly what Obama said he was going to cause. So with skyrocketing prices the consumer spending charts are meaningless unless we account for the change in the dollar buying power. Which if we compare it to gasoline the buying power is now half what it used to be. So in reality that chart would have to show a doubling of consumer spending just to maintain where we were in 2008.
What spending spree are you talking about? the military? or the cutting of social security/
[quote]countingbeans wrote:
[quote]Zeppelin795 wrote:
[quote]countingbeans wrote:
http://www.tradingeconomics.com/united-states/consumer-spending
Hmmm… Wouldn’t a decrease in demand be the opposite of this chart?[/quote]
Are you denying there is a decrease in demand?[/quote]
I’ve answered this question, more than once, in this very thread…
It isn’t like you could provide any sources to either side of the argument so what is the point?[/quote]
You are the only person in the world who actually believes demand is on the rise all the while unemployment is staying as high as it is. I will post articles but you will deny there validity because some how they are leftist and your corporate sources are unbiased.
[quote]Zeppelin795 wrote:
You are the only person in the world who actually believes demand is on the rise all the while unemployment is staying as high as it is. I will post articles but you will deny there validity because some how they are leftist and your corporate sources are unbiased.
[/quote]
You, again, don’t actually read my posts yet feel the need to respond with a comment that doesn’t address them. This is a common occurance with you
Just for review, because I know this thread is so long:
I said:
[quote]countingbeans wrote:
Eh, DaRealznewz might be right on this one, I don’t know.
[/quote]
And then I said…
[quote]countingbeans wrote:
In other words, if real inflation is over 4%, no there isn’t an increase in Consumer Spending in raw dollars.
IN real dollars, or month over month would be a better measuring stick, because it would compare equal dollars.
http://www.bea.gov/iTable/iTable.cfm?reqid=9&step=1&acrdn=2#reqid=9&step=3&isuri=1&903=83
Assuming I’m reading this correctly, which I may not be, it isn’t gangbusters, but it is creeping up.
And you all know I’m not about to pat Bam on the back for his handling of the economic situation here, so…[/quote]
Also, LOL @ you posting something from MMFA and then trying to insult my sources, god you are a one trick pony.
Still laughing at someone trying to pass off MMFA, AIFCIO & Daily Kos as legit sources.
[quote]countingbeans wrote:
Still laughing at someone trying to pass off MMFA, AIFCIO & Daily Kos as legit sources.
[/quote]
I am still laughing at Zep’s intellect.
[quote]countingbeans wrote:
Still laughing at someone trying to pass off MMFA, AIFCIO & Daily Kos as legit sources.
[/quote]
Why are these sources not legit but your are?
[quote]Zeppelin795 wrote:
[quote]countingbeans wrote:
Still laughing at someone trying to pass off MMFA, AIFCIO & Daily Kos as legit sources.
[/quote]
Why are these sources not legit but your are?[/quote]
Report from the Treasury Department > MMFA + AIFCIO + Daily Kos.
So yes, yes they are.
[quote]countingbeans wrote:
[quote]Zeppelin795 wrote:
[quote]countingbeans wrote:
Still laughing at someone trying to pass off MMFA, AIFCIO & Daily Kos as legit sources.
[/quote]
Why are these sources not legit but your are?[/quote]
Report from the Treasury Department > MMFA + AIFCIO + Daily Kos.
So yes, yes they are.[/quote]
Man, I didn’t know a conservative could be such a fan of a government department. Since you are here are some alternative unemployment charts. Behind the scenes measurements.
http://www.shadowstats.com/alternate_data/unemployment-charts
[quote]countingbeans wrote:
[quote]Sifu wrote:
[quote]countingbeans wrote:
http://www.tradingeconomics.com/united-states/consumer-spending
Hmmm… Wouldn’t a decrease in demand be the opposite of this chart?[/quote]
Not when the Fed is printing Forty Billion dollars a month to cover the Obama/Democrats spending spree. When a currency is devalued, people will have to spend more, much more, just to meet their basic needs.
Which is exactly what that chart shows. Consumer spending is higher than it was before the economy went down the shitter. But only because we are spending more of a devalued currency. ie Gasoline was less than two dollars a gallon when Obama entered office, I’m paying over four dollars a gallon now. So my consumer spending on gasoline has doubled even though I barely venture out of my home anymore because I can’t afford it.
Skyrocketing consumer prices is exactly what Obama said he was going to cause. So with skyrocketing prices the consumer spending charts are meaningless unless we account for the change in the dollar buying power. Which if we compare it to gasoline the buying power is now half what it used to be. So in reality that chart would have to show a doubling of consumer spending just to maintain where we were in 2008.
[/quote]
Even with the printing of the money the CPI isn’t out of control (yet). I feel like we are in a period of deflation and the shitty Fed Policy is preventing it.
Using gas prices:
April of 08 was about the same as now, but that seems like an outlyer so lets go back further.
From the begining of the chart until around November 2010 it hovers around 2.60 (assumed lower to help your point), April of 2013 it is around 3.60. That is a 38% increase, or $1.0.
Highest Consumer Spending pre-dip is Jan of 08 at 9289.1. So a 38% increase would mean you would need consumer spending over 12,818.9 to have an increase… No that didn’t happen.
So in your example of gas prices as the only measure of inflation, there is a reduction of demand. But inflation according to the CPI isn’t anywhere near 38%, more like 8-10% of that figure.
[/quote]
That “outlyer” peak gas price in 2008 occurred at a time when all the major economies were doing well, China was expanding and so was India. So global demand for oil was high. Today, Europe is a basket case, China is slowing down and the US is limping along. So demand is down.
Thanks to the Bakken the US is producing more domestic oil than it has in many years and there is a worldwide oil glut. Yet our average gas price is staying right around the 2008 peak. Something is causing that high price. Right?