|
Post by jeffolie on Oct 28, 2012 16:57:20 GMT -6
www.nowandfutures.com/images/us_energy_consumption.pngBart's blog www.nowandfutures.com/blog/ : "Yet another stat at recession levels, total energy consumed." my jeffolie view: The manufacturing sector and the business spending have declined while the housing surge by house flipping titans Blackrock Group and American Colonial Housing offset the energy consumed. Even so, the current negative energy consumed warns that mass firing and lower industrial commodities demand within America and most likely in China as well. In America, these sectors merely constitute a small portion of the American economy where the biggest sector remains Services/consumer/retail. The biggest sector seems to ignore the EU recession as type 1 consumers buy upscale vehicles and invest in buying 'rental income' flipped houses.
|
|
|
Post by unlawflcombatnt on Oct 28, 2012 22:26:37 GMT -6
You're right on the money about upscale consumers buying rental homes and more expensive vehicles.
Another thing upscale consumers are doing is making addition to their already expensive homes--like putting in unnecessary swimming pools and home ornaments and upgrades.
This is largely a function of Bonehead Ben's poring money into the financial industry's pockets under the false guise that it will somehow "trickle down" to the rest of us.
This is not a legitimate theory. It's a phony excuse for giving more money to bankers to keep them from getting in trouble, while the masses become poorer.
The Federal Reserve needs to be abolished immediately, and its members need to be charged and tried for financial fraud. Expanding the money supply and "keeping interest rates low to stimulate the economy" is absolute B.S., and the Fed and its Krugman-esque supporters know it.
It hasn't worked in the past, it is not working now, and it never will work.
If you want to prime the pump, then give money to consumers directly--not to bankers.
The Fed's policy is NOT Keynesian. It's Corporatist and Plutocratic--while being knowingly mislabeled as Keynesian.
|
|
|
Post by spudbuddy on Nov 12, 2012 17:20:12 GMT -6
Whatever happened to capital investment? (The kind that actually creates jobs.) The kind of jobs that enable people to buy things. (other than the upscale trinkets most of us never could afford...) But on a sour note: energy-based economy that we are - does that graph not represent just what a canary in a coalmine is supposed to do? I dunno....I'm getting dizzy looking at that blue wavy line. But I'd still say the canary says recession. Lack of energy dependent activity? Or lack of energy cost vs profit margin.......
|
|