Elizabeth Warren - The Two Income Trap:

[Tonington]

It's your math bub. In the real world you can't have a positive until the negative is eliminated. I did notice similarities but more importantly I can grasp the differences which mandate the need for two terms to describe two seperate scenarios. Someday maybe you will.

No, you are definitely math challenged. The negative from a recession is the change, or derivative. Consecutive quarters with negative growth. The American economy is not at negative GDP or jobs, it lost some sure, measured as a % change. You can't have a total workforce of -100,000, that is a nonsense figure, you can have a loss of 100,000 jobs, sure. Or a gain of 100,000 jobs...now it's gaining, that's a positive derivative. That is growth, and it is also recovery.

In the real world, economists track changes in this way. While an economy is recovering it is adding jobs, it is adding GDP, it is growing again. Economists track the economic activity in a nation by looking at the trajectory of the economy. It's growing when the economy is adding new jobs, and adding to GDP. Whether or not it is a recovery or not, an economy can still be measured in terms of growth or contraction.

That's it for me, I'm bored with this thread jack now.

 

[petros]

It's growing when the economy is adding new jobs, and adding to GDP.

Nooo it's recovering old jobs and lost GDP. When it surpasses the losses it will be growing.

 

[Tonington]

The U.S. economy will grow faster in 2012 — if it isn't knocked off track by upheavals in Europe, according to an Associated Press survey of leading economists.

Unemployment will barely fall from the current 8.6 percent rate, though, by the time President Barack Obama runs for re-election in November, the economists say.

The three dozen private, corporate and academic economists expect the economy to grow 2.4 percent next year. In 2011, it likely grew less than 2 percent.

The year is ending on an upswing. The economy has generated at least 100,000 new jobs for five months in a row — the longest such streak since 2006.
​

Economists see growth picking up in new year - Business - Eye on the Economy - msnbc.com

 

[petros]

In proper terms......The U.S. economy will RECOVER faster in 2012.

 

[L Gilbert]

It's an economy stupid. They don't "grow" until they surpass the benchmark prior to losses.

I hope you old lady manages your money.

So the economy will likely never grow, according to you because it likely will never reach the peak it did around the end of WW2. roflmao
And a skink won't experience growth ever again after losing its tail once.
Unemployment didn't grow in 2008, it only recovered.
F'ing hilarious.

http://www.investopedia.com/terms/e/economicgrowth.asp#axzz1nQHkmP00

 

[petros]

Yeah it is ****ing hillarious. You just never give up no matter how ****ing wrong you are but I admire you tenacity.

 

[L Gilbert]

Yeah it is ****ing hillarious. You just never give up no matter how ****ing wrong you are but I admire you tenacity.

Your opinion. Mine is that you are wrong.

 

[petros]

You be in great shape if I were wrong.

 

[L Gilbert]

You be in great shape if I were wrong.

I am and you are, but I don't hold that against you.

 

[petros]

LOL...How cute.

 

[L Gilbert]

LOL...How cute.

Yeah, wife thinks I am cute, too. Um, just in case you have ideas, though, I am hetero.

 

[petros]

Yeah, wife thinks I am cute, too. Um, just in case you have ideas, though, I am hetero.

I'm hetro as well even if I weren't, cute or not, I'd stay the hell away strictly based on your perceptions of "growth" and extra the toe.

 

[L Gilbert]

I'm hetro as well even if I weren't, cute or not, I'd stay the hell away strictly based on your perceptions of "growth" and extra the toe.

Boy, am I glad to read that! I wouldn't want to catch that "screwy logic" affliction of yours.
Hair doesn't grow, right? It only recovers?

https://members.weforum.org/pdf/ict/ICT for Growth.pdf

http://www.theaustralian.com.au/bus...easury-forecasts/story-e6frg926-1226216741240

European growth and renewal: The path from crisis to recovery | McKinsey Global Institute | Productivity, Competitiveness, & Growth | McKinsey & Company

 

[petros]

Hair? Scewy logic? Can hair loss go into a negative?

 

[L Gilbert]

Hair? Scewy logic? Can hair loss go into a negative?

You think cutting your hair off adds to it? roflmao

 

[petros]

That's what you're trying to tell me and hair isn't an economy is it?

 

[L Gilbert]

That's what you're trying to tell me and hair isn't an economy is it?

You cutting off your hair means you are losing it. The stuff cut is gone but it starts growing on your head again. Whatever amount you had before is irrelevant to it growing back.
Like I said, according to your idiotic reasoning, the economy will likely never grow again after the peak it reached after WW2.

 

[petros]

You cutting off your hair means you are losing it. The stuff cut is gone but
it starts growing on your head again

GDP isn't the end all be all. It's an economy. What happens when you throw in inflation and other heavy hitters that make up the over all positive and negatives of an economy?

Sticking with your "hair" thing, how do you go into a negative? Tear out the roots and tissue of the scalp?

 

[L Gilbert]

Jeeeeez. Haircut = the negative. I'm not surprised that you seem to think getting rid of hair isn't a negative impact on its quantity.
"Wayne Swan said yesterday's official national accounts, showing that the economy grew by 1 per cent in the September quarter and at an annual rate of almost 5 per cent over the past six months, were the best set of growth figures he had seen since Australia emerged from the global financial crisis." http://www.theaustralian.com.au/bus...easury-forecasts/story-e6frg926-1226216741240 AU still hasn't reached its previous economic level, though.

"Europe is growing again, but the recovery is uneven and under threat from the continuing eurozone debt crisis. Europe has significant strengths on which to build but needs to address profound long-term challenges that could limit its future growth. MGI sets out a perspective on where the European economy stands today, the challenges it faces, and the very considerable strengths on which it can build. MGI also sets out seven priorities for action. Each requires joint action by policy makers and business leaders." European growth and renewal: The path from crisis to recovery | McKinsey Global Institute | Productivity, Competitiveness, & Growth | McKinsey & Company It's still not as healthy as it was.


GDP growth is a good indicator of economic growth.

 

[petros]

GDP growth is a good indicator of economic growth.

GDP regrowth and recovery is great if it starts to improve maybe it can regain ground and eventually grow.