Markets / Economy

Uwe · May 26, 2020

Jack@European_Parts said:
https://www.worldfinance.com/strate...he-most-effective-measure-of-economic-success
Why GDP is no longer the most effective measure of economic success

Translation: We know that the over-reactive panic to the WuFlu has trashed the economy by traditional measures, so let's not pay attention to those measures anymore and instead, try to account for "feels".

Oh, some of the premises of this article are absurd. To wit:

Countless free online services have moved outside the realm of economic activity measured by GDP, including Google, YouTube and Wikipedia.

Wut? Google has annual revenues in excess of $160 billion! How the hell is that "outside the realm of economic activity measured by GDP"?

-Uwe-

dafrazi · May 26, 2020

Article was written in July last year. The markets were flying high and had been. I don't think WuFlu was even in the author's imagination.

I've been seeing and reading articles every now and then about the move away from GDP for a few years. Most of what I've read has said GDP monitoring is too broad to get a real feeling for overall economic health, which this one is also saying.

Uwe · May 26, 2020

Ah, I missed the date on it. :facepalm:

But it's still absurd to state that Google's services are not included in GDP.

-Uwe-

Jack@European_Parts · May 28, 2020

Here comes your 40k Dow?
This may be 'the sharpest and shortest recession in history': Market analysts on what to watch now
https://www.cnbc.com/amp/2020/05/27...ats-next-amid-reopenings-recession-fears.html

Uwe · May 28, 2020

Jack@European_Parts said:
Here comes your 40k Dow?

The fact that the SPX has already broken back up through the 200 DMA and the DJIA is getting close to doing the same makes it kinda obvious where much of the freshly "printed" money is going, doesn't it?

-Uwe-

Jack@European_Parts · May 28, 2020

Yup, is it the fast flash rise before the next induced painful crash to try to swing an election?

Jack@European_Parts · Jun 1, 2020

https://www.marketwatch.com/amp/story/guid/4D4F5E06-A3A6-11EA-8F75-54517FB7F0E0

Jack@European_Parts · Jun 2, 2020

Here it comes .....

https://www.cnbc.com/amp/2020/06/02...ing-loans-to-independent-car-dealerships.html

Jack@European_Parts · Jun 3, 2020

https://www.cnbc.com/amp/2020/06/01...coronavirus-crash-level-below-19000-cfos.html

The Dow will fall back to coronavirus crash level below 19,000 before new high: CFO survey

Uwe · Jun 3, 2020

Jack@European_Parts said:
Here it comes .....
https://www.cnbc.com/amp/2020/06/02...ing-loans-to-independent-car-dealerships.html

Here comes a decline in used car prices because loans for them will get more expensive?

As for Wells Fargo: They are the absolute worst of of the big retail banks and should be avoided at all costs by everyone.

-Uwe-

Jack@European_Parts · Jun 6, 2020

Could the numbers be artificial since the uptick is a result of rehired protected payrolls from PPP and other SBA loans?

https://finance.yahoo.com/amphtml/n...could-make-rebound-a-head-fake-183332405.html

https://finance.yahoo.com/amphtml/n...be-todays-jobs-report-surprise-194232884.html

Uwe · Jun 6, 2020

Jack@European_Parts said:
Could the numbers be artificial since the uptick is a result of rehired protected payrolls from PPP and other SBA loans?

I'm sure that's a contributing factor.

But also look at the futes the other night and tell me some people didn't get word of this "surprise" result in advance?

-Uwe-

Jack@European_Parts · Jun 6, 2020

I'm sure that's a contributing factor.

But also look at the futes the other night and tell me some people didn't get word of this "surprise" result in advance?

-Uwe-

See you knew huh?.............. :rolleyes: