tag:blogger.com,1999:blog-5235419263414453422.post5870672546277649078..comments2024-02-23T01:30:06.101-08:00Comments on Early Warning: US vs EU GDP GrowthStuart Stanifordhttp://www.blogger.com/profile/07182839827506265860noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5235419263414453422.post-34845835879144942382012-02-23T23:12:09.893-08:002012-02-23T23:12:09.893-08:00Ok, I found it, and at least since 2009, growth of...Ok, I found it, and at least since 2009, growth of debt is <a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/01/Slopes.jpg" rel="nofollow">much faster</a> that growth of GDP, therefore NOT sustainable...<br /><br />AlexAlexander Achttps://www.blogger.com/profile/16845172528191878930noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-9078288246996131412012-02-18T10:37:45.461-08:002012-02-18T10:37:45.461-08:00It would we nice to see a debt growth as well,
Al...It would we nice to see a debt growth as well,<br /><br />AlexAlexander Achttps://www.blogger.com/profile/16845172528191878930noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-41471074752698001232012-02-16T23:34:27.009-08:002012-02-16T23:34:27.009-08:00Running a massive deficit could also be interprete...Running a massive deficit could also be interpreted as a massive stimulus. If a bunch of foreigners (ie suckers) want to exchange huge amounts of real assets for paper dollars at below inflation interest rates, even better.<br /><br />It's pretty clear from the chart whether austerity or stimulus is a better approach. It's even more amazing considering that this crisis actually originated in the US, so you'd expect that the damage would have been worse there.santcugathttps://www.blogger.com/profile/15875225582566483983noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-37524620920914109612012-02-16T18:51:50.320-08:002012-02-16T18:51:50.320-08:00Oriole Way:
Ah, but then the price of oil could v...Oriole Way:<br /><br />Ah, but then the price of oil could very easily double by 2020 too...Stuart Stanifordhttps://www.blogger.com/profile/07182839827506265860noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-10666198062050747472012-02-16T18:21:03.583-08:002012-02-16T18:21:03.583-08:00More than half of Utah's exports are gold. Giv...More than half of Utah's exports are gold. Given that gold is in high demand in part because of the euro crisis, the crisis may actually be a boon to Utah!<br /><br />http://www.census.gov/foreign-trade/statistics/state/data/ut.html<br /><br />While you are right to point out that oil makes up a large share of the trade deficit, this is actually set to improve sharply over the coming few years. The U.S. imports about 9.0 mm bbl/day of crude oil, and is actually now a net exporter of refined products. Of that 9.0 mm bbl/day, 2.5 mm comes from Canada, a number set to increase by perhaps 50% (assuming the Keystone XL pipeline is built). U.S. production is also set to rise sharply as shale oil produces a boom that will surprise the even the "Drill, baby, drill" crowd. All told, the oil deficit could easily fall by close to half by 2020.The Oriole Wayhttps://www.blogger.com/profile/16483309131692836436noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-29341095219713229882012-02-16T06:02:21.370-08:002012-02-16T06:02:21.370-08:00Euro exports 5.56% of Utah's GDP? That's ...Euro exports 5.56% of Utah's GDP? That's weird.<br /><br />In your projected deficits graph the bulk of the future deficit is tagged "Extend Tax Policies" -- that would be the Bush tax cuts, set to expire soon. If we work hard to prevent the (re)election of anyone proposing that they be made permanent, maybe we'll get lucky and that won't happen. (Just thought I should point out the rational, engineering-oriented approach to the deficit problem; whack the largest mole, especially when it is proven by history that you can live without it.)<br /><br />It's also interesting how our deficit with China gets all the press and noise, but our oil import deficit, not so much.dr2chasehttps://www.blogger.com/profile/16320828055999939449noreply@blogger.com