Showing posts with label The Great Depression. Show all posts
Showing posts with label The Great Depression. Show all posts
Tuesday, February 24, 2026

Trump real GDP 2017-2025 underperforms 1929-1984, which includes The Great Depression, by 30.4%

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 GDPCA CAGR 1929-1984: 3.569% 2017-2025: 2.483% 
Tuesday, December 16, 2025

This article in liberal VOX is a great defense of the metric called Gross Domestic Product

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 The only number that really matters  ... GDP tells you how much resource-generating capacity you have by looking at how much you are doing ...
Wednesday, July 2, 2025

Every major bank passes stress test from the US Federal Reserve

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507 banks failed in the United States 2008-2014 inclusive, costing the Deposit Insurance Fund nearly $90 billion. Many millions of homes we...
Thursday, May 29, 2025

Few people consider that the Great Depression of the 1930s was the unwind of the Great Inflation of WWI

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 Economics is mean-reverting.        
Sunday, March 23, 2025

Clueless Ed Kilgore today post-mid-March thinks angry Democrats are in the minority based on a Gallup poll from late January

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But this simply ignores everything Trump has flooded the zone with since January 27. That's a backward-looking poll. Trump's has bee...
Thursday, January 30, 2025

On the surface today's report of real gross domestic product is actually pretty good

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   The first estimate of real GDP for 4Q2024 and for annual 2024 has been reported here , 2.3% and 2.8% respectively. On a big picture bas...
Thursday, December 5, 2024

Secular bear Rosie not throwing in the towel . . . again

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 Rosie was on the wrong side of the trade in April 2011 when the bear went bullish . Is he again now? He uses the same phrase, too, "no...
Friday, November 1, 2024

Stocks remain wildly overvalued and seriously underperforming

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 The S&P 500 averaged 5,792.32 in October 2024 (the all-time high was on 10/18 at 5,864.67). Nominal GDP was updated on Oct 30th at  $2...
Saturday, October 19, 2024

Sometimes it's not the economy stupid: Headline employment under Obama didn't recover until May 2014, but he got re-elected in 2012 anyway

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 Six years and four months went by: Jan 2008-May 2014. And economic confidence actually declined from -11 in 2012 to -10 in 2014 when it did...
Friday, October 18, 2024

We still live in a world of very diminished economic growth since The Great Recession

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Real GDP 2007-2023, 16 years, compound annual growth rate: 1.905%. All the other years, 1929-2007: 3.448%. We're behind that by almost...
Saturday, May 4, 2024

Why it feels like a depression

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 Because average annual real GDP growth rates are so low. Between 1929 and 1945, average annual real GDP grew at a compound annual rate of 4...
Wednesday, June 7, 2023

Gold remains far more overvalued than US stocks, which is saying a lot

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Gold is at least 167% overvalued relative to inflation since 1913. $600ish gold makes sense. $1600 gold does not, let alone $2067, the 2020 ...
Monday, October 10, 2022

Ben Bernanke wins Nobel Prize in Economics for 495 bank failures under his leadership as Federal Reserve Chair Feb 2006-Feb 2014

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    The 495 failures were a huge improvement over the 9,000 bank failures during The Great Depression of the 1930s, his specialty of study i...
Wednesday, September 14, 2022

Real return since August 2000 has been Great Depression-like

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Tuesday, May 10, 2022

The biggest investing lie of our times: "A host of factors ... has made U.S. equities an attractive place to park money and earn nice returns"

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 CNBC, here . S&P 500, average real return per annum, dividends fully reinvested: August 2000 through April 2022, 21 years, 8 months . ....
Wednesday, June 16, 2021

You fools who won't have enough electricity for air conditioning this summer have only yourselves to blame

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From the story : Peak temperatures are forecast to reach 115 degrees Fahrenheit (46°C) in interior California through the week, according ...
Saturday, October 10, 2020

Just because Congress in 1869 stipulated a Supreme Court of nine doesn't mean Trump must appoint anyone

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 Trump would be a fool not to make a Supreme Court appointment, of course, and he has done it, but the executive branch is co-equal and does...
Sunday, March 29, 2020

Real GDP growth since 2007 lags the Great Depression era by 42% and the post-war by 52%

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And Trump thinks this is the greatest economy ever.
Monday, March 23, 2020

Gramps, born in 1926, says this is worse than 2008

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Dad will be 94 this year if the coronavirus doesn't get him first. He's been through a lot, seen it all. Darmouth graduate. Ser...
Friday, January 31, 2020

It's official: Economic growth 2007-2019 (full year) is 42.6% worse than during the Great Depression 1929-1941

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