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Joel Thora is the United States of America contribution to GDP grows domestic product now if we start up in the top left we can see it’s gone I caught a three 2011 and then along till 1:45 thousand and 12 quite positive but blah really the Tottenham in the numbers only one point nothing nothing very blah what we have is services which are the golden one pointing up quite good nondurable goods pointing up not bad and that was a disappointment with durable goods Alison either different ways of looking at the deep GDP composing its cognizance compositions compo comp are you propping up the word comp components cares underneath that net exports and imports all part of jute working out GDP the two sticky up one’s the red and the blue our exports obviously because they’re the positive part read is exported services a bit skinny exports of goods is very big from America America does actually make an awful lot of goods and things machinery type things and bits and bobs and would you call them widgets and does sell them to the rest the world America is quite a big producer and that blue represents that imports coming in at goods in gold and important services in green so forget the services is not much there I imagine that most of that gold will be black it’ll be imports of oil and the imports are bigger than the export so that diminishes the GDP final number top right gross private domestic investment changing Private inventories residential and non-residential and their all positive and see how changing Private inventories was not positive and quarter three of 2011 but that all positive now but not age down the bottom right with got state and local federal non-defense federal national defence and you conceive the as federal non-defense and national defence art flat and state and local spending is negative so all in all from all this things come infant things go out but the probable biggest things that are pushing down GDP or at least not letting the rise are still importing oil although that diminish during diminishing and state and local government spending is still going down and that is reducing GDP to lower blah levels number two this is the dog short equivalent of that because as different ways of looking that the GDP is put together in a certain way but you can look at it at in different ways and what he’s got is personal consumption expenditures without that gross private domestic investment without that net exports of goods and services not just the difference government consumption expenditures and gross investment so they can see a better representation easy representation of what we saw on the first one with personal consumption expenditure in blue sticky upbeat gross private domestic investment red sticky appendectomy and the two sticky Downey’s art net exports of goods and services and government consumption expenditures and gross investment by government state and local and federal sticky down right number three is real GDP per capita which is most important that the US business cycles this has been called but it’s really the big recessions which is the earliest since 1975 at the 7580 to 91 recessions are on the top that in red orange and green what we have down at the bottom on the its quarters after the trough as in 2009 would have been the trough of this recession and hammy quarters after that recession for all the others their registers up to 4 Forza 16 four years after their trough even see their all above the next one which is the largest pushing for reference Japan’s start of its two decades of our not very goodness we started off really quite badly and struggled to get going Japan 1993 in spotty there but blacks block spotty 2001 recession four years in its starting to get up there because of the housing boom and Greenspan keeping the rates down zero not quite there yet because it’s closer to its pits to its armed bottom of the cycle is this recession the 2009 recession it called because that was when the new bottom was and it is below the 2001 and which is also below Japan and as JP Morgans from Rowley says US is not ditch Japan but we can hope as in if the United States can get that their recession as bad as Japan’s that means it will improve quite a bit because it got to get up to where that blackspot spotty limeys and it doesn’t look like it can to do it yet so for the moment I we know we Japan if I’d but we’re not quite as good as Japan’s looking at it from an American point of view number four is supplemental nutrition assistance programs snap food programme I am are highlighted the years 2009 1011 going upwards and persons participating in the snap program in 2009 was 33,002,010 was 40 million and 2011 is 44 million so in 2000 92,011 it’s gone from 33 to 44,000,000 participants and you can read there they are benefits that they get paid and how much it costs the nation all their follow the link you want more information I forget where this is from but I am whose poll is this CNBC poll figure is when you visit is today’s this question fully American people today’s economic landscape shifted the way household financial decisions makers view their financial situation are you at the never find now that 38% nearly 40% of Americans are living pay cheque to pay cheque and nothing else anything that happens their doomed because a living pay cheque to pay cheque for 40% of Americans 30% only 30% of Americans are feeling financially comfortable so you can call it the these the 30 and 70% 30 after feeling financially comfortable 70% are not feeling financially comfortable financial decision-makers have had to significantly re-evaluate their expectations for retirement and hear the blue and the golden mean different years asked in 1997 where you expecting to retire before 65 before 6550% where thought they could retire a little bit earlier and now only one third do such gone down from a half but hope to now it’s only a third and for the question in 1997 are you expecting to retire at 70 or older in other words these weird people like working 15% said yeah Argyle go gaga over that I love working so much I’ll I’ll keep going till I drop and fall short their lots more people are enjoying now works so much more in 2012 that now 27% basically expect to retire at 70 or older is quite vague and good good news if this is what you want the Case Shiller arm house housing index these are the are house prices going up in the country or not even see the great begin down and it tried to get back up there as in okay with at this recession it over our house prices on their way up but then they started falling again be seen at Little tailor the end that is doesn’t look like it is actually case is now a little little witty bit positive in other words across the nation as prices are slightly going up again that might be good news for some people but it doesn’t mean it won’t go down again on a similar subject this is doesn’t quite fit in here but it does fit in here from Nick Tammy’s Wall Street Journal federal regulator for Fannie and Freddie will not permit the taxpayer supported mortgage giants to participate in and owned by a administration program that produces mortgage balances for certain troubled homeowners the agency said on Tuesday the potential benefits was too small and uncertain relative to known and unknown costs and risks said Ed DeMarco show Ed DeMarco didn’t make it up as he was thinking in the bath and think he will have gone to the powers that be to ask what he should do and I’m surprised that they’re not doing harm reduction and principal reduction on mortgages because Fannie and Freddie are holding most of the US mortgages and they could have made they could have made a difference but they are not going to want to Americans actually want our USA Today Gallup poll I just highlighted to you can pause at the end here because this is the last one and read it yourself but basically what to Americans want they want new good jobs being created 92% of Americans want creation of good jobs and not just highlighted the third one down which is also 86% extremely or very important find that reducing the federal budget deficit is in order so the federal budget deficit is to be reduced 86% extremely or very important but are good jobs must be created and didn’t see on this list are actually asking them how this was to be done presumably the belief is and I’ve come across it so much on the US into webs that if you reduce the federal budget deficit get government out of the way then naturally I could good jobs will be created good luck with that by
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