does this mean don't worry i've been through the fine print of the numbers and here's a graph of g.d.p. growth per quarter over the past year g.d.p. is up from the first quarter of the year and recovering from almost a standstill point one percent and the fourth quarter of last year. private consumption plus growth and investment plus government spending plus not exports that's plus. minus am and to break that up the total g.d.p. came in at about sixteen point six trillion dollars which is about twenty five percent of the entire world's g.d.p. consumption or public spending makes the bold at eleven point four trillion dollars which is down point four percent from last quarter now the next category is investment which grew four point seven percent from q one investment is broken down into residential and nonresidential residential increase in a standing twelve point five percent accounting for a large driver of this so-called recovery however this growth would be difficult to achieve without the federal reserve keeping interest rates artificially low and purchasing forty billion dollars a month

total output growth g.d.p. growth. from from the beginning of the recovery i think it's only fair to say that . economic forecasting beyond a few quarters is very very difficult. all right so we've had a number of regulatory failures the most recent maybe the independent foreclosure review which was a complete debacle we had bernie made off is it possible for regulations and regulators to ever work well i think it's possible but i think we have to be very critical in the sense that the industry basically captures the regulators and that's why i've really come to be a brutal leader and big sticks you know so that's why i say we really want to break up the big banks if they were going to regulate and i don't believe that you have to break them up and that's why you know a glass steagall before separating investment banks from the commercial banks the simple commercial banks love to see something like that brought back again because they don't count on the regulators to prevent basically commercial banks from speculating

one point seven percent g.d.p. growth most recently i don't see taxation i don't see the bureaucracy coming down and the entrepreneur being motivated to go out and create new companies and create new jobs and and i think until we address some of those areas in the united states the entrepreneur is not going to be as motivated has as he has been historically to go out and seek financing or put his own capital to work to create new companies which in turn create more and more jobs think worked. kind of at a point where we're seeing this hundred fifty thousand one hundred sixty thousand new jobs created every month and in order for the unemployment rate to come down in a significant way without people dropping out of the workforce that number has to be more like three hundred thousand jobs a month. and unfortunately i don't think we're going to get there any time soon so i don't either but thank you so much for joining me this is carl harrington so much founder of manager partner of harrington capital management. joining me

to explode they commit fraud in five different ways to sunday and of course the account that is g.d.p. growth. well dr housing bubble concludes that the data shows the charge so that this delusional dream played into the fantasy that this housing market is naturally rising because of overall household demand when in reality it is being driven by investors leveraging the artificially low rates created by the fed mom and pop are being this or it all right thanks so much for being on the kaiser report. sigrid laboratory was able to build most sophisticated robots which will unfortunately doesn't give a darn about anything turns mission to teach creation why it should care about humans. this is why you should care only. react to situations i have read the reports so unless it is a no i will leave them to the state department to comment on your latter point to say it's ok because i. know. no more weasel words when you need a direct question be prepared for a chase when you run should be ready for a. critical stage hands down the freedom to cost. to pick right from the sea. first trip. and i think

going to explode they commit fraud five different ways to sunday and of course i'll count that as g.d.p. growth. well dr housing bubble concludes that the data shows the charge so that this delusional dream played into the fantasy that this housing market is naturally rising because of overall household demand when in reality it is being driven by investors leveraging the artificially low rates created by the fed mom and pop are being this or it all right state senator thanks so much for being on the kaiser report. what defines a country's success. faceless figures of economic growth. for a factual standard of living. kick right on the scene. first trip to mars and i think picture. on a recorder splitter. and instrument. could be an. on. welcome back to the kaiser report imax geyser time out of turn to alan jones author of jabs the demonization of the working class alan is currently working on his next book about the british establishment and all of course is most famously known in this country as a columnist for the independent on jones welcome to the guys ready to see you are you there all ri

going to explode they commit fraud five different ways to sunday and of course i'll count that as g.d.p. growth. well dr housing bubble concludes that the data shows the chart so that this delusional dream played into the fantasy that this housing market is naturally rising because of overall household demand when in reality it is being driven by investors leveraging the artificially low rates created by the fed mom and pop are being eviscerated all right say sarah thanks so much for being on the kaiser report . sue good laboratory kirby was able to build the world's most sophisticated robot which will unfortunately doesn't give a darn about anything to submission to teach creation why it should care about humans and. this is why you should want your only on the dollar to a dog. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. china corporations are today please look. over my language at all but i will only react to situations i have read the reports and let you know for sure the no i will leave them to the state depart

what's necessary to change that dynamic, not only in terms of raising the level of g.d.p. growthterms of employment that-- unemployment that has been at 8% and 7%. >> i don't have the cure for the economy. if i did, i'd have a very different job, i'm sure. >> rose: you mean you'd be at 1600 pennsylvania avenue? >> no chance, no chance of that. >> rose: if you had a cure to the economy, you probably could get to 1600 pennsylvania avenue. >> but i think there are-- there are some things that could be done. providing some more stability and more ashirns of the future to businesses, providing a more rational tax structure to both people and businesses. un, the tax structure is so complex, as an individual or for a corporation. i think that that would be beneficial. i think that continuing to invest in the nation's infrastructure would be very beneficial. >> rose: you say that, isn't that what the president wants to do, invest in the infrastructure, and at the same time you have people saying we don't have any money to invest. we spent all the money we have and we can't raise taxes an

we have to get the deficit down to less then 4 1/2% of g.d.p., our long-term nominal rate of growth. and that way the economy can grow and bear the weight of bigger deficits. any deficit that is above 4 to 4 1/2% starts to add to the debt to g.d.p. ratio. we can't even achieve that. we will for a year or so under the best of circumstances. beyond that, we don't. the problem is and has been entitlement costs. that's the big piece that's expanding. if you look at projected entitlement cost over the next ten years you see medicare, medicaid and social security grow dramatically. so that entitlements and interest together are three quarters of public outlays. three quarters of public outlays. in fact, if you look at those mandatory programs, medicare, medicaid, social security and interest, that would be the red square on the left, it's equal to 88% of all federal revenues projected to exist in ten years. 88% will be mandatory in interest or mandatory payments, entitlements in interest. that is a stark projection for a time period that is supposed to be relatively benign. and if we end up

we see it with 2% or less g.d.p. growth. there is a lot of talk delaying it or defunding it.ric: let's talk about the reason for the delay. look at the full screen. 2010, premiums went from -- up 2,000 bucks. are they delaying it? >> i think it increased a little bit more. it sped up a bit. listen, it's basic math. we're going to have 30 million more people to the rolls, somehow the price is going down. i don't know how they sold this in the first place but it's not common sense. i think the dangerous thing you see and the reason employer mandate was skipped is a lot of penalties say i can pay a couple grand in penalty or pay $16,000. pretty easy choice. -l these people are pushed to the taxpayers' arms because someone has to pay for this. >>eric: if young people don't sign up, this thing crashes on itself because young people put in more -- >> they're going to put in more, not going to take out, don't have to go to the doctor presumably. there are a lot of fault lines in this thing. >>eric: charles payne you're hosting varney and company today at 9:20. have a great show. >>>

they got stock in the economy of argentina argentina base the banks a percentage of their growth in their g.d.p so they've literally got banks of stock in argentina three percent of those bonds just three percent fell into the hands of paul the vulture singer cinder now nearly two decades later is in court saying no i don't want that deal that was that everyone accepted twenty years ago i'm not going to accept it i want a mint fly on these bonds plus penalties plus multiple fees and in effect he wants something in the order of two thousand percent profit on his bonds from argentina if he wins argentina go goes from a a great driver of the of the world economy the great success economic success story becomes simply bankrupt so this would bankrupt argentina and by the way it would take a big bite out of u.s. banks because singer wants them to give up the money that argentina paid them. yeah paul singer kind of gives a bad name to vulture capitalism and as that at the term eventually was used on oscar night i worked off there myself bankers would fly in to bust the deals are busted oil wells as yo

that's right and gibraltar's growth around eight percent g.d.p. shows it's doing a little bit better quite a lot better than the economies of britain or spain that's because it's fifteen percent of its g.d.p. comes from online gambling it's not even part of the european union customs union and thousands of companies register their fake registrations in effect to avoid taxes it's like and some people comment is like some sort of gangster island which britain wants to protect for itself of course other people are saying that both of mariano rajoy. and his government ministers they want to avoid they want to create a distraction from the disastrous economy that now exists in spain as he continues policies a bit like britain's extreme austerity sixty percent youth unemployment of course in spain and the i.m.f. even saying that's going to last some time so this is a kind of diversion but i think one critical thing here certainly from the military perspective is that britain is pursuing a fifty billion dollar trident nuclear submarine program upgrade pr

g.d.p. number that they'll say is greater as a percentage of the debt so it's not about growth it's not about nominal growth it's about relative growth to debt which of course most of the debt is not even counted in the official government statistics itself off balance sheet like an enron for example so there you have a problem number one problem or two is that you can create a lot of jobs but wages on average are going down so you have temporary workers part time workers for workers who are not making the wages that are are the increase that less than one percent are very similar to the picture in the united states so it's truly out some of the picture is new here if you look over the last five years wages have gone up a nominal terms of about ten percent but if you look not of the c.p.i. but the essential index the doctor to morgan is doing which is the the eight things that people have to spend money. because it affects the the in what they say to social things food food energy transport that sort of thing i thought of all. oh no no no hold same as the one the government wants to use it's

g.d.p. so they point to that say that's growth however when they calculate inflation the c.p.i. they're saying at two point five percent they don't count inflation but you see so you don't count education i'm sorry so you can do anything you want right but you know the politician thinks of the next election the statesman thinks so. next generation there are kids now coming out of university with the front. and they're going to inherit a mass that is. it takes a generation to generation to spend and a generation to pay for it and what we're seeing at the moment in this party is the generational spending now ross and he also talks about the fact that i mark carney the charlatan bank of england governor who was lying on b.b.c. all week he says that the bank will keep rates at zero point five percent unemployment gets to below seven percent not even milton friedman the god of neo liberalism said there's no connection between employment and interest rate think about friedman is the thing you could do you can't discard all the some really good stuff and there's a lot of it which is ab

g.d.p. only increased one point seven percent i was two percent is considered stable growth by most economist the fed also said they are taking into account the cost of the program as we can see on this graph of the monetary base which shows how much money the fed has digitally created from q e it has more than tripled since two thousand and eight the fed has spent more than estimated two trillion dollars on all the q.e. programs huey three alone has been estimated at eight hundred billion dollars and i burned a sack of the new york times points out with the money spent on q e three the fed could have given every homeowner in the country a ten thousand dollar loan at a near zero rate of interest or with that money the fad could have given every citizen of the u.s. nearly twenty six hundred dollars according to alan blinder as a lender of last resort the fed has the authority to lend money to any person government or company it chooses but it's chosen to fill the reserves of the biggest brains. all this monetary doping will eventually have to come to an end just ask a rod and the twelve other