Where can I go to read about some REAL facts concerning our economy?

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Originally Posted by spqrzilla

We will have turned around as an economy when U6 unemployment starts going down significantly. Not the regular number that is reported, that might stay up as those people who gave up looking for work (included in U6) return to looking for work.

We will have turned around the economy when we start signficiantly adding more jobs than just the number required to meet population growth/immigration

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Not a bad start. I presume that the jobs growth figures would be both a leading and trailing indicator of improvements in other economic factors, like [trailing] rebound in housing starts and increase in manufacturing output and [leading] increased tax revenues to balance the budget/attach the debt?

If you want to use a housing as leading and lagging indicators, you can probably use:

Leading: Look at Supplementary and Substitutes.
look at CAT , DuPont, LOW, HD, etc
Forecast from CEO of DHI, LEN, KBH, PMD, TOL, etc.

Lagging: foreclosure, bank #'s , new home permit, existing home sales. etc. etc,


Funny, CNBC is just talking about the housing.

I just go to the grocery store and the gas station. $80 buys alot less than it used to.

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Originally Posted by roberth

I just go to the grocery store and the gas station. $80 buys alot less than it used to.

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I already said that. Unfortunately to some those are not "facts" , or real numbers.

Until America has factories either reopening, or being built, to mass produce goods here, vs. import, we cannot regain the economic lead we once had.

Has anyone ever considered that prices have gone up because of the Minimum wage increase.

Seriously someone explain to me with crayons how the president effects the price of groceries, directly.


As far as the debt we have been rebuilding FT carson since 2006, we the GOV thought BRAC would be a good idea to house a division where there was not one before. How many of these contracts have bleed over. Times this by many other posts that we had no business rebuilding, Knox, Benning, etc.

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Originally Posted by jim

I already said that. Unfortunately to some those are not "facts" , or real numbers.

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I think we all understand that. $80 didn't buy as much in 1980 as it did in 1960, either. Understanding the rate of price increase, and the factors of those increases, is the next step, hench my reference to the CPI. One person's experience is anecdotal. More than that becomes data, and enough data analyzed scientifically becomes information, which is actually useful.

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Until America has factories either reopening, or being built, to mass produce goods here, vs. import, we cannot regain the economic lead we once had.

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Question on part of your statement. What goods do you think we can domestically mass produce economically enough to displace the import of cheap foreign goods?

The Congressional budget office has a wealth of information about revenue and spending, none of it particularly cheery.


An 8+% increase in consumer prices in a receding economy it a horrible sign, as inflation will skyrocket when the economic growth resumes...

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Originally Posted by Scanker19

Has anyone ever considered that prices have gone up because of the Minimum wage increase.

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A quick Google yielded this site, which seems to be fairly non-partisan.

http://economicsintelligence.com/201...minimum-wages/

Here's another with some statistics:

http://www.forbes.com/2009/07/08/min...my-states.html

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Originally Posted by Rucker61

I think we all understand that. $80 didn't buy as much in 1980 as it did in 1960, either. Understanding the rate of price increase, and the factors of those increases, is the next step, hench my reference to the CPI. One person's experience is anecdotal. More than that becomes data, and enough data analyzed scientifically becomes information, which is actually useful.



Question on part of your statement. What goods do you think we can domestically mass produce economically enough to displace the import of cheap foreign goods?

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Shoes, socks, clothing/textiles in general. Shitcan the unions or not have them involved (Toyota?) and hopefully we could once again have competitive pricing.

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Originally Posted by jim

Shoes, socks, clothing/textiles in general. Shitcan the unions or not have them involved (Toyota?) and hopefully we could once again have competitive pricing.

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Assuming success in de-unionizing the workforce (not a small effort), do you intend that these new and reopened factories pay the prevailing minimum wage?