Global Economy Bursting?

[Randolph Kinney]

The QE3 ship has sailed

http://www.marketwatch.com/story/all-eyes-on-bernanke-but-qe3-has-sailed-2011-06-02?dist=beforebell

 

[Big ole Boy]

Now if we go ahead and expand the debt ceiling and continue accelerating spending increases .... we might get a GDP of .005% on the positive ......... but inflation would eat it all up .......

...... toilet paper will have more use than a dollar ... soon ....

 

[Randolph Kinney]

MV=PQ;where PQ=GDP

M = money supply
V = velocity of money

P = price
Q = quantity

The money supply has grown and the velocity of money has slowed; hence GDP has slowed.

The economy is debt constrained. It can't grow because it can't service its debt. Printing money goes to buying debt (QE1 & QE2) and is not lent out in the fractional banking reserve system to businesses and consumers.

 

[Big ole Boy]

With yesterdays drop in the DOW .... I almost thought I was seeing a real market develope .....

... today ... they have managed to sell off commodities and shore up the equity markets ....

.....back to pretendville

 

[Big ole Boy]

MV=PQ;where PQ=GDP

It can't grow because it can't service its debt. .

... I'd say for the last 5 to 10 years our GDP was positive only because we could service the debt ....

... no matter who looks at it ......... at whatever angle you look at it ......

.... its a dead cat with no bounce left in it ....

 

[Randolph Kinney]

GDP GRAPH

MZM MONEY STOCK GRAPH

VELOCITY OF MZM MONEY STOCK GRAPH

THE VELOCITY OF MONEY IS FALLING WHICH IMPLIES GDP MUST FALL

 

[Randolph Kinney]

U.S. stocks end lower as investors brace for monthly jobs report

http://www.marketwatch.com/story/us-stocks-drop-on-caution-before-jobs-report-2011-06-02?siteid=bnbh


Fresh signs point to lousy May job report

http://www.marketwatch.com/story/fresh-signs-point-to-lousy-may-job-report-2011-06-02?dist=afterbell

 

[Workbox]

U.S. stocks end lower as investors brace for monthly jobs report

http://www.marketwatch.com/story/us-stocks-drop-on-caution-before-jobs-report-2011-06-02?siteid=bnbh


Fresh signs point to lousy May job report

http://www.marketwatch.com/story/fresh-signs-point-to-lousy-may-job-report-2011-06-02?dist=afterbell

I wonder if those recent 62,000 McDonald employees are still working there and if they are full time jobs?

 

[Couch Potato]

I wonder if those recent 62,000 McDonald employees are still working there and if they are full time jobs?

I know both of them are still at my local McDonald's and the jobs are full-time with full benefits. Most appraisers would have been much better off to have gotten one of those positions, but I doubt they had the needed people skills.

 

[Restrain]

Jobs report: 54,000 jobs added, but lower end. Unemployment up to 9.1%.