constantpated Posted November 26, 2003 Report Posted November 26, 2003 Summary The GDP numbers look nice. That's all they are: Looks, illusions. Here are some "other views" on what the GDP numbers mean. Links Falling Electricity consumption Industrial production well off 2000-peak Capacity utilization: Below the breakeven point. Reports at odds with thermodynamics If "growth" was actually good/real, we'd see an ~increase~ in energy consumption. Today, the magicians would have us believe that it is possible to do more with less: That defies the laws of thermodynamics. You can only do "more with a slower rate of growth in energy consumption." Explanations ridiculous It is ridiculous to argue "there are greater efficiencies" because this would only slow down the rate of growth, and would not explain the disconnect between falling energy and rising output. It remains to be seen how much of the 2004 "stuff that could only be sold in 2004" has been stuffed into 2003. Further, there has been no new novel technology that would account for the "sudden change" in "relationship between energy-output." There is no evidence that the government or any corporation has suddenly created a "new technology" since 2000 that would acocrud for the "sudden change in relationship between energy consumption and reported output." That is the same non-sense that created the 1720s South Sea Bubble. What's keeping this economy going? Nothing but illusions.
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