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Thread: The Economy is NOT Booming

  1. #21
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by DebateDrone View Post
    Things are not that rosy at Cat.

    UAW orders thousands of Caterpillar workers to stay on the job as contract expires


    UAW orders thousands of Caterpillar workers to stay on the job as contract expires - World Socialist Web Site

    Seems Cat is betting again for a bail-out.
    Wonder if they are trying to go around the UAW? They have ads up all over for hiring.

  2. #22
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    Quote Originally Posted by BigLeRoy View Post
    No, and this is actually becoming FUNNY at this point. From 2.4% in 2014 to 2.6% in 2015 is an INCREASE. There is NO statistical evidence of any 'negative TREND' in those THREE numbers.
    So you if plotted economic growth for 2014, 2015 and 2016 and fitted a line would it not have a negative slope, as shown in the graph of the OP?

  3. #23
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Libertine View Post
    So you if plotted economic growth for 2014, 2015 and 2016 and fitted a line would it not have a negative slope, as shown in the graph of the OP?
    Extend the graph BACK to 2010 and it would NOT have a downward slope. That's what I've been trying to point out to you all along.
    Thanks from Babba

  4. #24
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    Quote Originally Posted by BigLeRoy View Post
    Extend the graph BACK to 2010 and it would NOT have a downward slope. That's what I've been trying to point out to you all along.
    Go find a 5th grade math book and find out how badly you are embarrassing yourself.

    This data set produces an equation with a negative slope.

    2010 2.50%
    2011 1.60%
    2012 2.80%
    2013 1.90%
    2014 2.40%
    2015 2.60%
    2016 1.60%

  5. #25
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    Quote Originally Posted by BigLeRoy View Post
    Extend the graph BACK to 2010 and it would NOT have a downward slope. That's what I've been trying to point out to you all along.
    If you can't understand how to fit the line to the data, you can just get a piece of paper and plot the data, it clearly has a negative slope.

  6. #26
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Libertine View Post
    Go find a 5th grade math book and find out how badly you are embarrassing yourself.

    This data set produces an equation with a negative slope.

    2010 2.50%
    2011 1.60%
    2012 2.80%
    2013 1.90%
    2014 2.40%
    2015 2.60%
    2016 1.60%
    United States GDP Annual Growth Rate | 1948-2017 | Data | Chart | Calendar

    Set the chart to TEN years back. There is NO downward trend. Can you even DO linear regression?!??

  7. #27
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    Quote Originally Posted by BigLeRoy View Post
    United States GDP Annual Growth Rate | 1948-2017 | Data | Chart | Calendar

    Set the chart to TEN years back. There is NO downward trend. Can you even DO linear regression?!??
    Sure I can, but obviously you can't.

    3 years of data clearly shows the negative trend of growth in the Obamaconomy. Then you said use data back to 2010 because it tells a different story, you should have studied up on regression analysis before making such a silly claim, because that only reinforced the negative trend in growth we saw in the Obamaconomy.

  8. #28
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    Quote Originally Posted by BigLeRoy View Post
    Extend the graph BACK to 2010 and it would NOT have a downward slope. That's what I've been trying to point out to you all along.
    Now you have looked at the data do your realize that economic growth was trending down form 2010 to 2016?

  9. #29
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Libertine View Post
    Now you have looked at the data do your realize that economic growth was trending down form 2010 to 2016?
    No, not at all. Take a MATH class, dummy. Look at these numbers AGAIN:

    2010 2.5%
    2011 1.6%
    2012 2.2%
    2013 1.7%
    2014 2.4%
    2015 2.6%
    2016 1.6%

    Now look at THESE three years on their own:

    2013 1.7%
    2014 2.4%
    2015 2.6%

    See the CLEAR pattern of ACCELERATING growth there? Do you UNDERSTAND that 2.6 is GREATER than 2.4, and that 2.4 is GREATER than 1.7? Or do we need to send you back to a REMEDIAL COUNTING class?

    Of the three highest years of growth in that seven-year series, TWO of the three came towards the very END.

    I did the regression analysis myself, last night. The slope of the line is statistically indistinguishable from ZERO. Just as I have been telling you for the LAST FUCKING YEAR, we have been STUCK in a pattern of SLOW but STEADY growth for the last SEVEN years, with EVERY year being within half a percentage point of the MEAN, which is 2.09%.

  10. #30
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    Quote Originally Posted by BigLeRoy View Post
    No, not at all. Take a MATH class, dummy. Look at these numbers AGAIN:

    2010 2.5%
    2011 1.6%
    2012 2.2%
    2013 1.7%
    2014 2.4%
    2015 2.6%
    2016 1.6%

    Now look at THESE three years on their own:

    2013 1.7%
    2014 2.4%
    2015 2.6%

    See the CLEAR pattern of ACCELERATING growth there? Do you UNDERSTAND that 2.6 is GREATER than 2.4, and that 2.4 is GREATER than 1.7? Or do we need to send you back to a REMEDIAL COUNTING class?

    Of the three highest years of growth in that seven-year series, TWO of the three came towards the very END.

    I did the regression analysis myself, last night. The slope of the line is statistically indistinguishable from ZERO. Just as I have been telling you for the LAST FUCKING YEAR, we have been STUCK in a pattern of SLOW but STEADY growth for the last SEVEN years, with EVERY year being within half a percentage point of the MEAN, which is 2.09%.
    So you did a regression analysis and found the slope of both the 3 year and 7 year lines to be negative? When you plot the data and fit the trendline the negative slope is very clear.

    The slope has to be zero, positive or negative. It is negative which means the years long trend is declining economic growth rates.

    It is fifth grade math, and no matter how many personal insults and f bombs you drop, economic growth rates were declining in the Obamaconomy.

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