Growth of US GDP since 2007 underperforms the Great Depression by 42%, the post-war by 51%

Yet the lunatics on TV and radio call this a booming economy.

B E  H A P P Y  I N  Y O U R  W O R K!

Whaddayamean we don't have a king?

King of Shitty GDP

King of Unemployment

Or was it the other way around, I can't remember now.

Compared to the Great Depression 12 years out from 1929, GDP the last 12 years has been worse

Kim Lardassian gets hers, but illegal immigration just gets worse, health care premiums soar under Obamacare, GDP grows at a crawl, and barely 50% of us have full time jobs

Clueless AP article calls US economy resilient when it's been in the rut they fear is coming since 2007

The compound annual growth rate of real GDP since 2007 has been WORSE than for the same time frame of the Great Depression, yet AP is completely oblivious. The upside is when things really go to hell they'll still be.

As global economic picture dims, solutions seem out of reach:

Barely a year after most of the world’s major countries were enjoying an unusual moment of shared prosperity, the global economy may be at risk of returning to the rut it tumbled into after the financial crisis of 2007-2009. ...

The U.S. economy, now enjoying a record-breaking 10-year expansion, still shows resilience. American consumers, whose spending accounts for 70% of U.S. economic activity, have driven the growth.

Retail sales have risen sharply so far this year, with people shopping online and spending more at restaurants. Their savings rates are also the highest since 2012, which suggests that consumers aren’t necessarily stretching themselves too thin, according to the Commerce Department.

The overall economic growth rate since the year 2000 has contracted by over 47% from the previous eighteen year period under Reagan, Bush 41 and Clinton

What to show the person who thinks the stock market is the economy

LOL: Anatole Kaletsky says there's been no sign of mean reversion in the post-war when US GDP 2007-2018 has underperformed 1929-1940

Expansions Don’t Die of Old Age:

History shows that US expansions since the end of World War II have varied in length from 12 months to 120 months, with no sign of mean reversion.

Welcome to the mean reversion, Anatole:

El Salvadorans in the US remit so much money back home it amounts to 20% of El Salvadoran GDP

2017 GDP was nearly $25 billion, so $5 billion.

The bond market isn't buying the GDP print either

Meanwhile sharp-eyed Diane Swonk wasn't at all fooled by the GDP print, expect 2Q to unwind this

CNBC's lede in GDP story this morning got it wrong by two years

Here's the lede out of the box this morning, still up at Yahoo:

The U.S. economy grew at a faster pace than expected in the first quarter and posted its best growth to start a year in six years. . . .  It was the first time since 2013 that first-quarter GDP topped 3%.

That wasn't at all true, of course. CNBC has since revised the story to this:

The U.S. economy grew at a faster pace than expected in the first quarter and posted its best growth to start a year in four years. . . . It was the first time since 2015 that first-quarter GDP topped 3%.

Must be a hangover at work from the awful Obama years when Q1GDP kept digging holes in the basement.

Growth of GDP in the last eleven years is now officially worse than in the Great Depression

Democrats and Republicans need legal and illegal immigrants to maintain consumption to keep GDP going, it's not about the jobs

The poor and working poor have a 100% propensity to consume. An aging population does not spend enough. Republicans and Democrats have a 100% propensity to profiteer.

How many Republicans would flip their vote if he vetoed?

By the way, electricity from renewables is up 268% in 2017 from 2007, but . . .

renewables still provide less than 10% of total generation.

Unfortunately, America produced less total electricity in 2017 than it did in 2007, too, by 3.1%.

And the price of a kilowatthour is up 14.8%.

Reducing energy production and making it more expensive is no way to grow an economy, son.