U.S. Kansas Tax Cut Experiment Comes To An End As Lawmakers Vote To Raise Taxes

cawacko said:
Reagan started an economic boom. We haven't had three percent economic growth under Obama or since
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Yea...go with that. Bush had a boom too, and handed the bust to Obama. And like a silly child, you try to compare it to last century.
 
cawacko said:
When in the history of the world have we not had boom and busts?
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Good point. But it doesn't mean that it's a good thing. Obama didn't have one. Just slow steady growth, after saving the country from the last mess. Capitalism doesn't work in the last 30 years, because investors demand instant returns.
I suppose we can blame the internet.
 
Following the end of World War II and the large adjustment as the economy adjusted from wartime to peacetime in 1945, the collection of many economic indicators, such as unemployment and GDP, became standardized. Recessions after World War II may be compared to each other much more easily than previous recessions because of these available data. The listed dates and durations are from the official chronology of the National Bureau of Economic Research.[6] GDP data are from the Bureau of Economic Analysis, unemployment from the Bureau of Labor Statistics (after 1948). Note that the unemployment rate often reaches a peak associated with a recession after the recession has officially ended.[29]


Annualized GDP change from 1923 to 2009. Data are annual from 1923 to 1946 and quarterly from 1947 to the second quarter of 2009.
No recession of the post-World War II era has come anywhere near the depth of the Great Depression. In the Great Depression, GDP fell by 27% (the deepest after demobilization is the recession beginning in December 2007, during which GDP has fallen 5.1% as of the second quarter of 2009) and unemployment rate reached 10% (the highest since was the 10.8% rate reached during the 1981–82 recession).[30]
The National Bureau of Economic Research dates recessions on a monthly basis back to 1854; according to their chronology, from 1854 to 1919, there were 16 cycles. The average recession lasted 22 months, and the average expansion 27. From 1919 to 1945, there were six cycles; recessions lasted an average 18 months and expansions for 35. From 1945 to 2001, and 10 cycles, recessions lasted an average 10 months and expansions an average of 57 months.[6] This has prompted some economists to declare that the business cycle has become less severe.[31] Factors that may have contributed to this moderation include the creation of a central bank and lender of last resort, like the Federal Reserve System in 1913, the establishment of deposit insurance in the form of the Federal Deposit Insurance Corporation in 1933, increased regulation of the banking sector, the adoption of interventionist Keynesian economics, and the increase in automatic stabilizers in the form of government programs (unemployment insurance, social security, and later Medicare and Medicaid). See Post-World War II economic expansion for further discussion.
 
Althea said:
Good point. But it doesn't mean that it's a good thing. Obama didn't have one. Just slow steady growth, after saving the country from the last mess. Capitalism doesn't work in the last 30 years, because investors demand instant returns.
I suppose we can blame the internet.
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http://traderhq.com/trading-education/the-rise-of-high-frequency-trading/

[FONT=&quot]Prior to the computer age, trading technology consisted of carrier pigeons followed by telegraph cables. The founder of Thomson Reuters, Julius Reuters, actually combined the use of pigeons and telegraph machines to build what became a state-of-the-art news agency that revolutionized the speed at which information regarding news events were disseminated to the public.[/FONT]
[FONT=&quot]It wasn’t until the 1980s that a real breakthrough in the logistics of stock trading was actually achieved. The advent of the computer allowed traders to access data on a level never before seen or thought possible. With an initial investment of $30 million from Merrill Lynch, Bloomberg designed and built the first computer system to use real-time market data to quote stock prices and relay information.[/FONT]
[FONT=&quot]By the late 90s, the SEC ruled in favor of creating electronic stock exchanges. This laid the groundwork for a new type of trading: high-frequency trading or HFT. In just a couple of years, nearly 10% of all trades were done using HFT with a clearing time of just a few seconds. HFT is actually a thousand times faster than traditional human-to-human stock trading
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.[/FONT]
 
that wiki history of recessions shows that without proper fettering the system has non stop bust and boom which destroys the middle and the poor
 
evince said:
Following the end of World War II and the large adjustment as the economy adjusted from wartime to peacetime in 1945, the collection of many economic indicators, such as unemployment and GDP, became standardized. Recessions after World War II may be compared to each other much more easily than previous recessions because of these available data. The listed dates and durations are from the official chronology of the National Bureau of Economic Research.[6] GDP data are from the Bureau of Economic Analysis, unemployment from the Bureau of Labor Statistics (after 1948). Note that the unemployment rate often reaches a peak associated with a recession after the recession has officially ended.[29]


Annualized GDP change from 1923 to 2009. Data are annual from 1923 to 1946 and quarterly from 1947 to the second quarter of 2009.
No recession of the post-World War II era has come anywhere near the depth of the Great Depression. In the Great Depression, GDP fell by 27% (the deepest after demobilization is the recession beginning in December 2007, during which GDP has fallen 5.1% as of the second quarter of 2009) and unemployment rate reached 10% (the highest since was the 10.8% rate reached during the 1981–82 recession).[30]
The National Bureau of Economic Research dates recessions on a monthly basis back to 1854; according to their chronology, from 1854 to 1919, there were 16 cycles. The average recession lasted 22 months, and the average expansion 27. From 1919 to 1945, there were six cycles; recessions lasted an average 18 months and expansions for 35. From 1945 to 2001, and 10 cycles, recessions lasted an average 10 months and expansions an average of 57 months.[6] This has prompted some economists to declare that the business cycle has become less severe.[31] Factors that may have contributed to this moderation include the creation of a central bank and lender of last resort, like the Federal Reserve System in 1913, the establishment of deposit insurance in the form of the Federal Deposit Insurance Corporation in 1933, increased regulation of the banking sector, the adoption of interventionist Keynesian economics, and the increase in automatic stabilizers in the form of government programs (unemployment insurance, social security, and later Medicare and Medicaid). See Post-World War II economic expansion for further discussion.
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And this says what Desh?
 
Althea said:
Good point. But it doesn't mean that it's a good thing. Obama didn't have one. Just slow steady growth, after saving the country from the last mess. Capitalism doesn't work in the last 30 years, because investors demand instant returns.
I suppose we can blame the internet.
Click to expand...

Obama never hit 3% growth once. Is that our new goal now? And we are in a bubble. You can't run up that much debt, have zero interest rates and think things are going to end smoothly.
 
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