Posted on 05/15/2015 8:44:52 AM PDT by Theoria
We had tariffs greater than 20% all during the roaring 20's. And the Smoot-Hawley tariff wasn't passed until we were a year and a half into the Great Depression. Not only that, but back then imports were equal to 5% of our GNP. Imports just weren't big enough to account for the Great Depression.
Looks like predicting recessions that never occur. Should be having the fourth one by now using that chart. The data is very noisy. I do not understand how they can replicate the Commerce Department survey(s).
Bonehead and McTurtle could learn something.
Zero and Liawatha, not eaven a hope.
The US has taken longer and longer to recover after each recession.
Half way expecting a real life 10-289 directive.
But it is! Obama just gave a speech a few days ago, saying the nation is growing and prospering, and the recession is long over! /s
doing a great job there obammy,
ya marxist dumbass.
Most people are not seeing REALITY.
Here’s what Bill Holter of Miles Franklin has to say:
https://www.youtube.com/watch?v=60sA0iDQtLI
“That didn’t take long did it? I of course am speaking of the second overnight and global meltdown of the credit markets …in the last four business days! Before getting into this topic which I believe will soon be seen in retrospect and by historians far into the future as “THE” trigger event.” (sic) http://blog.milesfranklin.com/a-foundation-of-bad-credit-is-no-foundation-at-all
Pray ... and prepare!
And Eastasia has always been at war with Oceania
I don’t think so. All the most popular video games involve trading and earning.
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