62. Trading the News - Economic Numbers - GDP Part 1

[darthstarwarsgeek]

Anyways feeling great now, it's the weekend and I've closed out everything today scoring a 20% account equity increase.

So reversal or bear rally?? What's the YouTube consensus?? Anyone?

[darthstarwarsgeek]

I'm UK based and have noticed over the past year or so that any release from The Bank Of England (our version of The Fed) usually results in the market taking a nose dive.

In my opinion they're acting as tho' they actually want the economy to fail.

[ichersue]

In the last few videos I've been reading comments about the Federal Reserve being "evil" and how better off we would all be if it were closed down. Am I missing something here???

[darthstarwarsgeek]

The Fed = The Creature From Jeckyll Island

Google it.

[darthstarwarsgeek]

Creature From Jeckyll Island is recommended reading for any financial trader, who wants to gain a rounded view of our economic & monetary system.

PS. I keep close tabs on the currency markets and I know what I'm talking about.

Also I have a Business Degree & a Post Grad in Marketing, is that educated enough for you?

Look, I know you're only 19 but save your silly YouTube insults it's boring.

[ichersue]

OK, thanks

"creature from jeckyll island" didn't sound like a book title to me. i should have looked it up first, sorry about my other comment

[darthstarwarsgeek]

Accepted and sorry if I came across as harsh, had just driven from Edinburgh to London (about 450 miles) and was knackered and pretty scratchy. Good luck if you decide to read the book, alternatively I believe it is outlined in video format on YouTube & Google video.

Cheers

[D4Shawn]

Also, if "growth" comes as the result of artificially low interest rates, that "growth" would more accurately be characterized as "mal-investment" (or mis-allocation of resources), which means that the bubble generated by manipulation of said interest rates will exacerbate the economic slump postponed by the short term "stimulus", once that bubble bursts. This is important for long-term investors (who aren't necessarily trying to capitalize upon the antics of the Fed) to consider.

[marsaxod]

Federal Reserve is a Rothshild's business.

[jbcaldwell63]

FYI - Just for comparison, at 13 trillion the US GDP for 2007 is actually LESS than the combined GDP of the European Union at 17 trillion. Unfortunately more and more we have to look at their economies as a whole instead of individually.

[James9067]

Consumer purchase+Industrial investments+Gouvernment expenditure+Exports-Imports=GD­P

[psikeyhackr]

When consumers buy cars they get added to GDP. But cars wear out and must eventually be replaced. When consumers buy replacements they get added to GDP. But the cars that wore out never got subtracted from anywhere.

Economists don't mention NDP much but only CAPITAL goods get depreciated.

Economists can't do algebra.

They don't mention the planned obsolescence of automobiles either. Planned obsolescence is good for the stock holders of the corps that make the junk. If consumers are DUMB!

[chasleo]

The sales of automobiles would properly reflect the consumer expenditure on such vehicles - reflecting a partial value of the gross US domestic products. It's a system that automatically takes into account depreciation of automobiles by factoring in replacement and demand.

[psikeyhackr]

{{{ It's a system that automatically takes into account depreciation of automobiles by factoring in replacement and demand. }}}

RUBBISH!!!

The Net Domestic Product includes depreciation but only the depreciation of CAPITAL GOODS.

Check any economics book.

tinyurl (dot) com/25p25y

[wawbwc]

Save the Economy. Close down the Federal Reserve.