How bad is this economy going to get?

Joe Fan, while you are posting graphs from BEA, can you find the one for Gross Output? That needs to be considered along with GDP. GDP is just consumer spending. Doesn't include the intermediate businesses, but GO does.
 
Monahorns said:
Joe Fan, while you are posting graphs from BEA, can you find the one for Gross Output? That needs to be considered along with GDP. GDP is just consumer spending. Doesn't include the intermediate businesses, but GO does.
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I know a lot of people are nervous about the economy. It’s extremely important. But if I can make you feel better, I’m still gonna be here no matter what.
 
Gross Output will show good numbers too. It is actually more telling than GDP. In the 2008 crash, GO went way down before GDP and recovered more slowly. I was just prodding you to show more good news but also inform the board about this other important economic metric.
 
I think the stock market has not reflected the awful economic numbers since March. Now that there is no stimulus, let’s see how the markets perform now. Celebrating the 3rd Qtr recovery is good but M2 money supply, interest rates, and debt to GDP are being ignored. We have a widening RSI divergence compared to equity markets which were at all time highs. So look at the big picture! Equity markets are prime for more pullbacks into 2021. Bitcoin, Ethereum, Gold, Silver, Fine Art and no stock. Up 45% since March.
 
The proper response from small business owners with regards to a lock down, implemented by government employees (including those in colleges), who won't miss a single paycheck, nor a single retirement point, and by nature won't affect politically connected companies like WalMart and Amazon, is to riot, throw rocks and bottles and police, and set fire to various Amazon distribution centers. If there's anything that I've learned from this year, it's that's the proper response.

Now the response to those riots, unlike that of the summer, would be live ammo from the National Guard, backed up by the US Military, all cheered on by the Media who would glowingly report about how Slow Joe had put down an rebellion.
 
theiioftx said:
Be careful for what you wish for. I would welcome business, but bringing California and New York to your State has grave political consequences. They don’t leave their political views there.
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i think the NDAQ only employs about 4000, with revs of over $4 Billion
Most of their product is technology
I would welcome them
 
Because he illegitamately enacted a mask mandate and business shutdowns. Also, he supports a Speaker of Texas House who is a R that votes like a D.

Why don't you hate him?
 
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