MONEY: Anemic US growth

Sunday, April 28, 2013

U.S. Economy Grew at 2.5% Rate in 1st Quarter
The U.S. economy failed to gather as much steam as expected in the first quarter. Gross domestic product advanced at a 2.5% annual rate between January and March, less than the 3.2% expansion expected by economists. Still, the GDP gain was stronger than the 0.4% growth in the prior quarter.

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With all the “stimulus”, QE, and all the other manipulation, this is a joke!

We borrow money from China to spend on stuff we don’t need and Gooferment programs.

Absurd!

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INTERESTING: What’s “possible”?

Monday, January 16, 2012

http://cafehayek.com/2012/01/two-caplan-gems.html

Two Caplan Gems
by Don Boudreaux on January 8, 2012

*** begin quote ***

I tell my students that time is too short to worry about what’s merely possible.  Nearly everything that is possible will never occur.  The range of the possible is enormously larger than is the range of the plausible; the range of the plausible is larger than is the range of the probable; and the range of the probable is bigger than what (if we’re speaking of the past) has actually occurred or (if we’re speaking of the future) what will actually occur.

*** end quote ***

“Possible”  >  “Plausible”  >  “Probable”  >  ( “actually occurred” | “actually will occur” )

BUT, (and there is always a BIG butt) …

∑( “Possible”  | “Plausible”  |  “Probable” ) = 1

What I’d call: “Someone always wins the Lotto!”

So, perhaps life is too short.

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