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http://timetric.com/topic/us-gdp-all-statistics/ http://timetric.com/topic/us-gdp-all-statistics/ US GDP today is seven times higher today than it was 60 years
by ig1 16y ago
http://timetric.com/topic/us-gdp-all-statistics/ http://timetric.com/topic/us-gdp-all-statistics/
US GDP today is seven times higher today than it was 60 years ago.
At the worst point in the recession US GDP dropped to the same level it was in 2005. Yes, the US GDP grew as much between 2005-2009 as it shrunk during the recession.
- rbarooah 16y agoHow much of that GDP growth is just the financial sector itself inflating?
- yummyfajitas 16y agoSome of it, but not the majority of it. Industrial production is up and retail sales are up, for example. http://research.stlouisfed.org/fred2/series/RSFSXMV http://research.stlouisfed.org/fred2/series/RSFSXMV http://research.stlouisfed.org/fred2/series/INDPRO http://research.stlouisfed.org/fred2/series/INDPRO
- sudonim 16y agoA great source of economic info is Calculated Risk. http://cr4re.com/charts/charts.html?GDP#category=GDP&chart=InvestmentPercentGDPQ42010.jpg http://cr4re.com/charts/charts.html?GDP#category=GDP&cha... I'm relatively unfamiliar with this stuff, but do you really think GDP can grow exponentially? It looks like we're at the bottom of the skyrocket to the moon on your graph.