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Edited on Fri Oct-21-05 02:42 PM by papau
in a row. - so no recession?????? Indeed only Bush41 has had a recession under the old 2 qtrs rule post the Bush43 revision of the numbers. The recession call under Bush43 was as arbitrary as any I have seen. So I like the WSJ 2 qtr approach Last 2 years of Carter did indeed average constant dollar growth of only 1.8%. But Carter's 4 yrs average looks pretty good compared to Reagan's 8 yr that was stimulated by an additional 1.7 T in debt. As to inflation in the last 2 years, the GDP in constant dollars grew 1.811 % and in inflated dollars grew 9.856 % yielding an inflation adjustment of 7.9% each year. So there was NO 2 years of 12% inflation - as if 7.9 % was not bad enough! :-) But as you said - must not rewrite history! The next Q&A is how high did mortgage rates get and how high did prime paying margin accounts - and was the high point under Carter or Reagan - hint - it was under Reagan that we hit the high - and margin account rates were over 20%, mortgage rates were at 13% (the Pru put through some commercial short term mortages at 15%) and the Fed rate was at ????? class??? class??? - nobody stays awake for this Stuff!!! :-) :toast: :-) http://www.bea.doc.gov/bea/dn/gdplev.xlsCurrent-Dollar and "Real" Gross Domestic Product 09/29/05 (Seasonally adjusted annual rates) Annual Quarterly GDP in billions of current dollars GDP in billions of chained 2000 dollars GDP in billions of current dollars GDP in billions of chained 2000 dollars 1976q4 1,885.3 4,584.6 1977q1 1,939.3 4,640.0 1977q2 2,006.0 4,731.1 1977q3 2,066.8 4,815.8 1977q4 2,111.6 4,815.3 1978q1 2,150.0 4,830.8 1978q2 2,275.6 5,021.2 1978q3 2,336.2 5,070.7 1978q4 2,417.0 5,137.4 1979q1 2,464.4 5,147.4 1979q2 2,527.6 5,152.3 1979q3 2,600.7 5,189.4 1979q4 2,660.5 5,204.7 1980q1 2,725.3 5,221.3 1980q2 2,729.3 5,115.9 1980q3 2,786.6 5,107.4 1980q4 2,916.9 5,202.1 1981q1 3,052.7 5,307.5 1981q2 3,085.9 5,266.1 1981q3 3,178.7 5,329.8 1981q4 3,196.4 5,263.4 1982q1 3,186.8 5,177.1 1982q2 3,242.7 5,204.9 1982q3 3,276.2 5,185.2 1982q4 3,314.4 5,189.8 1983q1 3,382.9 5,253.8 1983q2 3,484.1 5,372.3 1983q3 3,589.3 5,478.4 1983q4 3,690.4 5,590.5 1984q1 3,809.6 5,699.8 1984q2 3,908.6 5,797.9 1984q3 3,978.2 5,854.3 1984q4 4,036.3 5,902.4 1985q1 4,119.5 5,956.9 1985q2 4,178.4 6,007.8 1985q3 4,261.3 6,101.7 1985q4 4,321.8 6,148.6 1986q1 4,385.6 6,207.4 1986q2 4,425.7 6,232.0 1986q3 4,493.9 6,291.7 1986q4 4,546.1 6,323.4 1987q1 4,613.8 6,365.0 1987q2 4,690.0 6,435.0 1987q3 4,767.8 6,493.4 1987q4 4,886.3 6,606.8 1988q1 4,951.9 6,639.1 1988q2 5,062.8 6,723.5 1988q3 5,146.6 6,759.4 1988q4 5,253.7 6,848.6 1989q1 5,367.1 6,918.1 1989q2 5,454.1 6,963.5 1989q3 5,531.9 7,013.1 1989q4 5,584.3 7,030.9 1990q1 5,716.4 7,112.1 1990q2 5,797.7 7,130.3 1990q3 5,849.4 7,130.8 1990q4 5,848.8 7,076.9 1991q1 5,888.0 7,040.8 1991q2 5,964.3 7,086.5 1991q3 6,035.6 7,120.7 1991q4 6,095.8 7,154.1 1992q1 6,196.1 7,228.2 1992q2 6,290.1 7,297.9 1992q3 6,380.5 7,369.5 1992q4 6,484.3 7,450.7 1993q1 6,542.7 7,459.7 1993q2 6,612.1 7,497.5 1993q3 6,674.6 7,536.0 1993q4 6,800.2 7,637.4 1994q1 6,911.0 7,715.1 1994q2 7,030.6 7,815.7 1994q3 7,115.1 7,859.5 1994q4 7,232.2 7,951.6 1995q1 7,298.3 7,973.7 1995q2 7,337.7 7,988.0 1995q3 7,432.1 8,053.1 1995q4 7,522.5 8,112.0 1996q1 7,624.1 8,169.2 1996q2 7,776.6 8,303.1 1996q3 7,866.2 8,372.7 1996q4 8,000.4 8,470.6 1997q1 8,113.8 8,536.1 1997q2 8,250.4 8,665.8 1997q3 8,381.9 8,773.7 1997q4 8,471.2 8,838.4 1998q1 8,586.7 8,936.2 1998q2 8,657.9 8,995.3 1998q3 8,789.5 9,098.9 1998q4 8,953.8 9,237.1 1999q1 9,066.6 9,315.5 1999q2 9,174.1 9,392.6 1999q3 9,313.5 9,502.2 1999q4 9,519.5 9,671.1 2000q1 9,629.4 9,695.6 2000q2 9,822.8 9,847.9 2000q3 9,862.1 9,836.6 2000q4 9,953.6 9,887.7 2001q1 10,021.5 9,875.6 2001q2 10,128.9 9,905.9 2001q3 10,135.1 9,871.1 2001q4 10,226.3 9,910.0 2002q1 10,333.3 9,977.3 2002q2 10,426.6 10,031.6 2002q3 10,527.4 10,090.7 2002q4 10,591.1 10,095.8 2003q1 10,717.0 10,138.6 2003q2 10,844.6 10,230.4 2003q3 11,087.4 10,410.9 2003q4 11,236.0 10,502.6 2004q1 11,457.1 10,612.5 2004q2 11,666.1 10,704.1 2004q3 11,818.8 10,808.9 2004q4 11,995.2 10,897.1 2005q1 12,198.8 10,999.3 2005q2 12,378.0 11,089.2
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