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was the last "boom" driven totally by debt?
Posted on 8/4/08 at 1:25 pm
Posted on 8/4/08 at 1:25 pm
Read this on minyanville today.
Without mortgage equity withdrawls, we would have seen negative GDP growth in 01/02, and anemic growth in 03 - 06.
Minyvalle article about economy, trhe subject of this post is about half way down.
If this is true, then it would appear that we really never recovered from the 00 tech bust.
Without mortgage equity withdrawls, we would have seen negative GDP growth in 01/02, and anemic growth in 03 - 06.
Minyvalle article about economy, trhe subject of this post is about half way down.
If this is true, then it would appear that we really never recovered from the 00 tech bust.
4
Posted on 8/4/08 at 1:39 pm to MileHigh
quote:
was the last "boom" driven totally by debt?
Yes, but I have paid it all off now. Look for a rebound soon.
Posted on 8/4/08 at 1:44 pm to TigerDeacon
Also remember, to help the companies sales improve from that 9/11 recession, everyone started the 0 % interest loans for goods during that time.
Posted on 8/4/08 at 2:29 pm to MileHigh
That chart is based on an assumption that 50% of Mew directly affects GDP (Greenspan stated atleast that). Either way, I believe it.
Posted on 8/4/08 at 7:47 pm to MileHigh
I saw that on another blog, certainly doesn't come as a surprise.
Posted on 8/4/08 at 7:59 pm to MileHigh
Yup, and the previous boom was driven totally by fools-gold mining of dot-com companies who's entire value had absolutely nothing to do with the ability to sell a product and generate cash. 1000% speculationville.
So the last two economic run-ups (the past 20 years worth) have been based on nothing but a smoke cloud.
That's some scary shiite.
So the last two economic run-ups (the past 20 years worth) have been based on nothing but a smoke cloud.
That's some scary shiite.
Posted on 8/4/08 at 8:13 pm to Meauxjeaux
Good Point.
Kinda scary.
Kinda scary.
Posted on 8/5/08 at 9:14 am to Meauxjeaux
quote:
Yup, and the previous boom was driven totally by fools-gold mining of dot-com companies who's entire value had absolutely nothing to do with the ability to sell a product and generate cash. 1000% speculationville.
not entirely true. A lot of real efficiency gains happened in the 1990s and a number of good and sustainable businesses came from it.
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