NationStates Jolt Archive

We keep hearing how the economy is getting better, despite all evidence saying otherwise. Is this a Bush bash thread? No, in fact there is probably nothing Bush can do about it, probably no one can. The reality is, the world is running out of oil. Generous predictions say we will probably run out by 2050. However, if you want to know what the world economy might look like in 2005. Read This (http://www.thehindubusinessline.com/2004/08/16/stories/2004081600110800.htm)

Yeah a couple years of good GDP growth, thats not a good economy at all.

http://www.commerce.gov/

At this website, under leading economic indicators show that GDP increased 3% in the 2nd quarter of 2004.

Yeah a couple years of good GDP growth, thats not a good economy at all.

May I offer you a blindfold? Oh, I see you brought your own. You didn't read a damn word of the article did you? *LOL* :rolleyes:

http://www.commerce.gov/

At this website, under leading economic indicators show that GDP increased 3% in the 2nd quarter of 2004.

Oh, a branch of the administration, well sorry then, how silly of me.

*Must believe administration at all costs. Do not question the government*..hehe you're funny.

Sure was a nice article steph, but, I am making more money now then ever before. Heck the economy is good for me. I'm just a greedy bastard though.

Don't you people ever think ahead?

Oh, a branch of the administration, well sorry then, how silly of me.

*Must believe administration at all costs. Do not question the government*..hehe you're funny.
Of course, but how silly of you to believe The Hindu Business Line. Their name has business in it, and business, like government, is to never to be believed.
I'm going to go hide from possible vengeance now. I'll do it in my nuclear shelter, the one with the SUV (with roof mounted gun rack), parked out front.

There is other problems that i could mention but that would turn this into a bush bashing tread

Of course, but how silly of you to believe The Hindu Business Line. Their name has business in it, and business, like government, is to never to be believed.
I'm going to go hide from possible vengeance now. I'll do it in my nuclear shelter, the one with the SUV (with roof mounted gun rack), parked out front.

Why would a economic analysis be any less relevant because it's from another country? By the way, this article is talking about the world economy, not just the American one. I didn't realize though you had to be from a certain country to be an economist.

http://cbs.marketwatch.com/news/story.asp?guid=%7B4D615329%2DA4B0%2D4974%2DA0B2%2D85742BC28D68%7D&siteid=mktw

Holy sh*t story of the day ladies and gentlemen. Looks like the recovery isn't as strong as we thought.

Why would a economic analysis be any less relevant because it's from another country? By the way, this article is talking about the world economy, not just the American one. I didn't realize though you had to be from a certain country to be an economist.
I was merely pointing out the fact that you rejected anything and eveything the government might say out of hand. And I might have got the idea that this was about America from the constant references to the "Fed" and the U$. The last half does talk about other places, but the first isn't.
By the way, honey, Hindu is a religion, not a region. Business is also, not a country.

I was merely pointing out the fact that you rejected anything and eveything the government might say out of hand. And I might have got the idea that this was about America from the constant references to the "Fed" and the U$. The last half does talk about other places, but the first isn't.
By the way, honey, Hindu is a religion, not a region. Business is also, not a country.

Aren't we a little sarcastic one. *LOL*

First, the article is in an independent business newspaper and has nothing to do with any government, thus I automatically trust it more. Second, duh, I know Hinduism is a religion. However, if you took the time to actually read the article you would of noted that it does come from another country and so does the economist. I guess I was curious as to why you dismissed it out of hand simply because it said "Hindu" ... not so fast on the up-take huh "honey"

We keep hearing how the economy is getting better, despite all evidence saying otherwise. Is this a Bush bash thread? No, in fact there is probably nothing Bush can do about it, probably no one can. The reality is, the world is running out of oil. Generous predictions say we will probably run out by 2050. However, if you want to know what the world economy might look like in 2005. Read This

You are talking Peak Oil...that isn't the point where we run out, although it will eventually lead to it.

You are talking Peak Oil...that isn't the point where we run out, although it will eventually lead to it.

There was a very good article on National Geographic Magazine a few months ago, and it's starting to make its way into the mainstream media.

We still have a few years to make the change to a something-else based economy, though.

You are talking Peak Oil...that isn't the point where we run out, although it will eventually lead to it.

Yes, I am most certainly talking about "peak oil" there is a really good book out on the subject. Pretty scary read. If you're interested you can read more about it and buy the book from this site.

http://www.lifeaftertheoilcrash.net/

Yeah, I know of the book. Unfortunately, I've always kind of thought of the author as an alarmist trying to make money off of oil crash fears. I've read some of his stuff (although not the book itself), and he basically discounts an alternate energy source to oil being found, which I don't believe in. He shoots down hydrogen, even though the technology is already starting to show promise in California. here is a link: http://www.msnbc.msn.com/id/4563676/
the only thing really missing in that equation is the hydrogen infrastructure and bringing the price down, which is going to grow rapidly as oil prices increase. But I mean they have a Cobra that does 0-60 in 4 seconds and can go up to 140 mph, which runs on a converted hydrogen internal combustion engine.

http://online.wsj.com/public/article/0,,SB109260622463991800,00.html?mod=todays%5Ffree%5Ffeature

A Central Banker's Nightmare:
Inflation and Slow Growth Together

By PATRICK BARTA
Staff Reporter of THE WALL STREET JOURNAL
August 16, 2004; Page A2

BANGKOK -- One of the dirtiest words in the economic lexicon is making the rounds again: stagflation.

Defined as a noxious blend of stagnant growth and rising prices, stagflation last appeared in force in the 1970s, when it bedeviled U.S. policy makers and gradually degraded the standard of living of average Americans. Economists long thought a repeat to be extremely unlikely.

But now, they are starting to worry again. The fundamental problem: Oil prices are kicking up inflation across the world, at precisely the same time that economic growth appears to be slowing. If oil prices keep climbing, and inflation rates exceed growth rates, some economists say the U.S., Asia and other regions could face a troubling scenario in which policy makers have to fight some of the same demons that plagued the U.S. back in the days of disco.

"Oil at $45 a barrel is a stagflation problem," warned economists at UBS Ltd. in a recent research report. By their reckoning, sustained prices at that level would slow global growth rates by almost half a percentage point in 2005 and by about one percentage point in 2006. Perhaps more important, such prices would push inflation up by about the same amount -- giving the world its first taste in years of what stagflation can be like.

[...]

Well, it's clear what we all need to do. Master alternate methods of transportation (skateboards and bicycles come to mind), stock up on seeds, and learn how to make fire with sticks. And we'd better do it A.S.A.P.

*sigh* Although, this probably means I'll never get to be a spectator at the Tour de France or spend a year in New York.

He shoots down hydrogen, even though the technology is already starting to show promise in California. here is a link: http://www.msnbc.msn.com/id/4563676/


The problem with alternative sources of energy is that they are not as abundant or easy to process as oil, so they will very likely always remain costlier.

The other problem is that oil is used for much more than just energy. Plastics and other polymers that we use to make almost everything we encounter in our daily life come from oil. That function of oil is irreplaceable.

Aren't we a little sarcastic one. *LOL*

First, the article is in an independent business newspaper and has nothing to do with any government, thus I automatically trust it more. Second, duh, I know Hinduism is a religion. However, if you took the time to actually read the article you would of noted that it does come from another country and so does the economist. I guess I was curious as to why you dismissed it out of hand simply because it said "Hindu" ... not so fast on the up-take huh "honey"
So independent sources are never biased in any way?
Certain posters here qualify as independent source, I wouldn't trust them. Certain ones proably have degrees in stuff (Ah that wonderful B.S., Bachelor of Stuff, degree).
And just because I think Hindus don't know as much about money as this Red Blood Drinking Elitlist Bastard Child Of The West (That is a joke of course, I'm not really a bastard child, I think) wasn't the only reason. That was a webpage, the government site was a web page, Hentai sites have web pages, this is a webpage (http://www.somethingsawful.com), hell, I might have a webpage (You, and I for that matter, may never know). Therefor all information from Webpages is to be disregarded out of hand.

And now I'm explaining my sarcasm, which means it failed to succeed. Sweety, please quit ripping my self-esteem to bloody shreds. Or at least avoid spreading the remains all over me by tempting me to reply.

Todays lesson Class, DON'T BELIEVE WHAT YOU READ ON THE INTERNET!