click on the chart to download a pdf
Data from the Saint Louis Fed, Seasonally adjusted, annual data from 1930 to 1947, then quarterly to present.
Horse crap. Are you claiming that the US outputs half of what it outputted six years ago?
Gold is a commodity, like any other, and is currently in the midst of a speculative bubble, and it is this surge in speculation that has caused the apparent decline in US GDP that your chart displays.
Well its a year + later. And the "bubble" is still in progress.
As for output cut in half… no, it could be even more…!
I agree, I reckon the output is less than half what it was 2003/4.
Hey, nice site you got here! Keep up the excellent job
Great site. Can you please do US GDP in barrels of oil and other commodities? It's so hard to find this kind of information.
Hi Bob. This site has the focus on gold pricing, but the data you need to price in other commodities is freely available. For example, oil prices can be downloaded from http://research.stlouisfed.org, and GDP from http://www.bea.gov. I think you'll find that GDP priced in oil (or silver, or copper) looks quite similar to GDP priced in gold. Good luck!
HOUSTON WE REALY HAVE A PROBLEM! THIS IS A LOSS OF 2/3 OF THE NATIONAL OUTPUT WE ARE – …!
bUT AS MY FRIEND SCHWARTZ SAID THIS TOO SHALL PASS.
3 years later, how's that 'speculative bubble' workin tom?
answer: 6 years left of a secular bull
As goes the GDP so goes the disposable income. IT'S SURVIVAL MODE ONLY!!!!
HOW LONG DID YOU SAY THE BACKUP BATTERIES WILL LAST?
Houston, we can't cut anything.
Cool Chart, really illustrates the hoax that GDP is when put in a commodity its waaaaaay down. Would be nice to see some sort of honest aggregate like oil, wheat, silver, gold, copper etc all together, im sure the curve would be the same in general but a bit softer. You know things are really bad when you can look up US GDP output and see that even in their bogus terms its falling. In real terms its catastrophic.
tom is wrong, i think. It doesn't matter if gold is in a speculative bubble, dollarwise. These comparison charts remove dollars from the equation, purely comparing values as if gold were traded directly for the item in question. The dollar is only used to find current prices, which simply illuminates what the markets are deeming each commodity's worth to be.
I don't see how these numbers can lie. GDP, if accurately reported, is a dependable figure. Gold is a commodity with a price. The fact is, this chart shows the that the price of gold versus the price of the GDP IS THIS. period. Speculative bubble or not, everybody is in agreement with what gold is worth in dollar terms, or its price wouldn't be what it is. it functions at that level.
And is it so outrageous that the US can't produce product at an infinitely expanding rate? Nothing grows forever
I bet Tom is wishing he had invested in the gold "bubble" back in '08….like I did. Our GDP has been inflation driven not growth driven. The government has the incentive to cover that up…. smaller payouts to SSI. Even today they are still saying there is virtually no inflation, welcome to the real world.
Less and less items produced by this country are worth its weight in gold.However, poroduce we must. Ever more dubious means of exchange for ever more dubious goods and services-mostly services these days-keep people off the streets too exhausted to notice a decrease in standard of living(and of wealth) that the plunging curve signifies.
I Know a person that bought a house in Jersey Wycof area in 1950 for 20K 2K down at 2.1% for 30 years. Sounds about right. Disorganized desperate workforce and teabagger cuts spell only one thing DEFLATION.
@ Gromit (and anyone else)
If you want a graph which measures GDP in terms of a more honest aggregate then just find a graph plotting the US Real GDP. Measuring the US economy by the amount of gold it can buy is absurd. Its just a rather complicated way of showing the change in the price of gold relative to the growth of the US economy.
And yes the price of gold has increased a lot relative to everything. This is largely due to it being a focal point for investors in times of uncertainty. It will come crashing down if/when the global economy recovers. The price of gold is very volatile, it has crashed before and will crash again. If you are holding it be ready to jump, but if you don't know that already there's no chance that you'll jump in time: people who are well informed and speculating by investing in gold will be able to sell their gold before you when the market takes a down turn. They will have made a lot by investing in gold, you probably won't have: the lucky people who bought back in 2005 or earlier will probably do no worse than break even. After that who knows.
TRUE, gold is strictly buy and hold (forget). No Day Trading Here!
The only reason Europe did'nt sink yet is because the principal players (Excluding Eastern Europe) are sitting on TozNS of Gold. These guys are not selling any time soon. (Debt Shmebt). We'll monetize it while keeping middle class strugling (paper with immages on it being recognized(marketed) in exchange for survival). Meanwhile in the US – we produce Chevys with front brake pads missing. Produce we Must = survival.
The Question Is What will US standard of living Look Like when Equilibrium is reached, i.e. when US GDP is more valuable tnan gold.HOUSTON, Hope there is no pocyclipse in the equation!
The GDP rises with inflation. There is very little substance in it.
When did the current fall-off start? It looks like it was about 2001-2002. The economy was able to run on fumes for another five years or so, but eventually reality bit us in the you-know-where. It's really surprising that the drop-offs are that sharp.
Yes indeed, The 2% or so FED sponsored inflation showes in the goods and services – mostly services- output of US. The capital markets do not invest in factories or rails or stuff, its all QUants run casino where the probability of trend up or down is the basic reason for investment. This is leveraged to the hilt. 700 Trillion – probably more, we talking Quintilions. This is the reason why JPMChase still makes profit after loosing 10 billion.
These are huge ammounts racing in the algorithms. From what counterparties do they suck up the gains? Looks like Masterbation to me. Houston!, you playin with yourself while we crash?
Captain All I am suggesting is that if you increase your power by 2% and the Thalians Web cavitational vortices increase by 2% you get 0% net movement. Look what happened to Capt. EuroDecker. He Decided to cut power and now He is stuck to the Web and slowly being digested in the trap.
I would suggest to remove the Ferenges from the anti-matter reactor room and do some di-lithium redistribution and increase the warp factor without (this has no meaning to us Vulcans) overflowing the toilets.
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