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View Diary: This is what a Crater in the Economy looks like (32 comments)

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  •  The gap closes by what mechanism? (4+ / 0-)

    The gap has been consistent, except for lately where it is actually widening. Then suddenly in mid 2014 the gap begins to narrow rapidly. Based on what? Our current GDP growth is near zero. What new market, new technology or what will happen? Perhaps the Investment sector will take off and represent 100% of all profits instead of just 40%. We could all be employed trading stock for the 1%. I'm looking for the "sprouts" of this dramatic economic sudden growth and I'm having a hard time coming up with anything. There is one sector that could do it, and that is sustainable energy. But that would require an active government  not run by big fossilized energy and not knee capped by an even more fossilized political party, the Grumpy Old Pigs.

    •  The gap has closed due to higher asset values (1+ / 0-)
      Recommended by:
      jamess

      Equity for the most part.

      "The way to see by faith is to shut the eye of reason." - Thomas Paine

      by shrike on Thu Mar 14, 2013 at 06:59:14 PM PDT

      [ Parent ]

    •  The gap typically closes (0+ / 0-)

      by "growing the pie" of economic opportunity for everyone.


      This is how Economies are supposed to work:

      It's about the FLOW of money -- NOT the HORDING of money.

    •  All Sectors Could be Doing It. (2+ / 0-)
      Recommended by:
      jamess, Calamity Jean

      In the Washington Administration we began independence having been kept by law a 3rd world nation, exporting resources and importing finished goods.

      Low cost goods like clothing were more cheaply made offshore, and high value-added goods like tools and machines were too costly to tool up here to compete with Britain and Europe.

      So Hamilton argued for tariffs to protect our labor without stopping trade, yadda yadda and we became a rational and functional nation.

      But that would require an active government  not run by big fossilized energy and not knee capped by an even more fossilized political party, the Grumpy Old Pigs.

      We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

      by Gooserock on Thu Mar 14, 2013 at 07:02:43 PM PDT

      [ Parent ]

    •  Beg to differ slightly - I see an alternative (2+ / 0-)
      Recommended by:
      jamess, Calamity Jean

      route for sustainable energy that can happen, and is happening, even absent sufficient and appropriate support from our own government.

      It seems to me that the Chinese government has added up all of the Quads of solar energy production required to move the entire planet to solar (or maybe not exclusively solar, but still) and intends to produce and sell the processed silicone based products required to accomplish that.

      Try to count the numbers of trillions of dollars involved/created in that undertaking. I know that I can't. But it certainly seems like China is ready to back that play to the hilt.

      There can be no protection locally if we're content to ignore the fact that there are no controls globally.

      by oldpotsmuggler on Thu Mar 14, 2013 at 07:12:16 PM PDT

      [ Parent ]

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