tag:blogger.com,1999:blog-7723595150423976130.post2053792882762163425..comments2022-08-31T13:21:11.928+02:00Comments on webdiary_<i>libre</i>: Obama's you-beaut new economic suitUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7723595150423976130.post-55497209798659532132011-10-10T10:10:40.530+02:002011-10-10T10:10:40.530+02:00- TOP NEWS -
Recession Officially Over, U.S. Inco...- TOP NEWS -<br /><br />Recession Officially Over, U.S. Incomes Kept Falling[1]<br /><br />In a grim sign of the enduring nature of the economic slump, a new report shows that despite some improvement in the economy, household incomes have lagged.<br /><br />http://www.nytimes.com/2011/10/10/us/recession-officially-over-us-incomes-kept-falling.html?nl=todaysheadlines&emc=tha2<br /><br />Graphic: Declining Household Income<br />http://www.nytimes.com/interactive/2011/10/10/us/declining-household-income.html?nl=todaysheadlines&emc=tha2<br /><br />=====<br /><br />US continues to export mainly jobs = unemployment *can't* go down, and armaments/munitions = wars; murdering to steal = $s literally being destroyed by exploding on (Arab, Muslim, innocent collateral) targets, plus software (MS), planes (Boeing), anything else of significance? - The way they 'pay their way' is a) to force the world to buy oil in $US; so-called petro-$s then 'come back' to purchase US exports and any left over 'land' in US treasury bonds, and b) the US purchases imports (TVs, Mercedes) with consu-$s, which are used by producer-countries (China, Germany) to buy their own oil - which is then burnt = $s destroyed to form excess CO2. Any consu-$s left over also 'come back' to purchase US treasury bonds. The US runs chronic domestic and foreign deficits; US$s are 'fiat' = printed, IF print too many THEN get inflation, *proven* by combination of a) external accumulation of treasury bonds and b) continuously falling US$ exchange-rate.<br /><br />It's that simple, but the corrupt & venal MSM never puts it that way.<br /><br />[1] Definition<br /> <br />In a 1975 New York Times article, economic statistician Julius Shiskin suggested several rules of thumb for defining a recession, one of which was "two down quarters of GDP".[3] In time, the other rules of thumb were forgotten. Some economists prefer a definition of a 1.5% rise in unemployment within 12 months.[4]<br /> <br />In the United States, the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) is generally seen as the authority for dating US recessions. The NBER defines an economic recession as: "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales."[5] Almost universally, academics, economists, policy makers, and businesses defer to the determination by the NBER for the precise dating of a recession's onset and end.<br /> <br />In the UK recessions are generally defined as 2 successive quarters of negative growth. (or 6 months)<br />[<a href="http://en.wikipedia.org/wiki/Recession" rel="nofollow">wiki/Recession</a>]<br /><br />Declining Household Income<br />Real household income has fallen by about 10 percent since the start of the last recession, with a greater decline after the recession ended. (See headline article for graph.)Anonymousnoreply@blogger.com