Misstatement Of The Union

[Tsing Tao]

Maybe we should compare this time period with the aftermath of previous financial panics.

Yeah. Not all the excuses are exhausted yet. Not that they ever will be on the left.

Blame bush!

Here's a chart showing GDP and it's bounce back after every recession. Well, almost every recession.

 

[Ricter]

Yeah. Not all the excuses are exhausted yet. Not that they ever will be on the left.

Blame bush!

It's not an excuse, it's framing. Not every recovery will be rainbows and unicorns, like those on the right think they should be.

 

[Tsing Tao]

No, they're not.

"United States GDP per capita PPP 1990-2016 | Data | Chart | Calendar
"The Gross Domestic Product per capita in the United States was last recorded at 52117.76 US dollars in 2014, when adjusted by purchasing power parity (PPP). The GDP per Capita, in the United States, when adjusted by Purchasing Power Parity is equivalent to 293 percent of the world's average. GDP per capita PPP in the United States averaged 45395.74 USD from 1990 until 2014, reaching an all time high of 52117.76 USD in 2014 and a record low of 36543.10 USD in 1991. GDP per capita PPP in the United States is reported by the World Bank."

http://www.tradingeconomics.com/united-states/gdp-per-capita-ppp

Right, cause when I get my paycheck, it's measured in GDP per capita.

 

[Tsing Tao]

It's not an excuse, it's framing. Not every recovery will be rainbows and unicorns, like those on the right think they should be.

That's a new one. Obama was framed!

 

[Ricter]

Yeah. Not all the excuses are exhausted yet. Not that they ever will be on the left.

Blame bush!

Here's a chart showing GDP and it's bounce back after every recession. Well, almost every recession.

So the bouncebacks have been losing their amplitude for decades.

Blame Obama!

 

[Covertibility]

Yeah. Not all the excuses are exhausted yet. Not that they ever will be on the left.

Blame bush!

Here's a chart showing GDP and it's bounce back after every recession. Well, almost every recession.

Key words were "Financial Panics," you can pick any one of them, ie Panic of 1893, Panic of 1873, and then compare the aftermath of the past 6 years.

 

[Ricter]

Right, cause when I get my paycheck, it's measured in GDP per capita.

Your compensation isn't rising?

 

[Tsing Tao]

Blame Obama!

Now you're beginning to understand. Blame goes on the guy who has been in office these last 7 or so years.

 

[Tsing Tao]

Key words were "Financial Panics," you can pick any one of them, ie Panic of 1893, Panic of 1873, and then compare the aftermath of the past 6 years.

Yes, it's always easier when you pick the statistics you want to compare to.

 

[Tsing Tao]

Your compensation isn't rising?

I am not indicative of the population as a whole. The chart I posted was from the San Fran Fed. Wages are stagnant (or declining if you want to narrow the time frame).