Originally posted by KazetNagorra He is claiming oil prices and the global economy are related. Since the US is a large part of that global economy, economic growth in the US and the oil price are related.
Libya's oil is cut off of the world market and Saudi Arabia cuts production and you blame economic growth? There are lots of factors but you are picking the one with the least impact.
Originally posted by Metal Brain How does anybody count discouraged workers?
With population increase you are going to see an increase of jobs. Even so, many of these new jobs (and even existing ones more than before) are part time employment. Less income means less spending. That is not good for the economy.
Things may be improving slightly because of the higher stock market, but ...[text shortened]... economy does show more improvement it will lead to inflation which is not good for the economy.
You think growth in job creation in the recent months is because of population growth? Haha, priceless.
And how does it work? A young guy decides to join the workforce and a job that wasn't there is magically created for him?
Originally posted by KazetNagorra If the economy grows, it is bad for the economy.
Because banks were issuing less loans than were being paid off the money supply contracted. That money was replaced by quantitative easing and other bailouts by the fed reserve.
Once the economy picks up more loans will increase and so will the money supply, only this time it will be because of the multiplying effect of fractional reserve banking. The only way to avoid inflation would be to reduce the money supply. Higher interest rates will slow the loans but that slows growth as well.
12 May '11 16:27
RIP Trump Candidacy
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