A Quote by Lawrence Kudlow
From 1950 to 2000, the U.S. economy grew at an average rate of 3.5 percent. That generated a massive gain in real GDP per person from $16,000 to over $50,000. A huge win for the middle class.
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For any economy, there are two basic factors determining how many jobs are available at any given time. The first is the overall level of activity - with GDP as a rough, if inadequate measure of overall activity - and the second is what share of GDP goes to hiring people into jobs. In terms of our current situation, after the Great Recession hit in full in 2008, US GDP has grown at an anemic average rate of 1.3 percent per year, as opposed to the historic average rate from 1950 until 2007 of 3.3 percent.
It takes these very simple-minded instructions - 'Go fetch a number, add it to this number, put the result there, perceive if it's greater than this other number' - but executes them at a rate of, let's say, 1,000,000 per second. At 1,000,000 per second, the results appear to be magic.
Look at what's happening between Main Street and Wall Street. The stock market index is up 136 percent from the bottom. Middle class jobs lost during the correction: six million. Middle class jobs recovered: one million. So therefore we're up 16 percent on the jobs that were lost. These are only born-again jobs. We don't really have any new jobs, and there's a massive speculative frenzy going on in Wall Street that is disconnected from the real economy.
We, Homo sapiens, destroyed the majority of the large mammalian species in North America and Australasia just over 10,000 years ago. We, Homo sapiens, now are destroying the other species that presently exist on this planet at a rate of about 15,000 to 20,000 per year.
It cost about 75 cents to kill a man in Ceasar's time. The price rose to about $3,000 per man during the Napoleonic wars; to $5,000 in the American Civil War; and then to $21,000 per man in World War I. Estimates for the future wars indicate that it may cost the warring countries not less than $50,000 for each man killed.
I'm not worried they're all about the investments we make. I mean, listen, this country - we've got $46,000 or $47,000 of GDP per capita. Now, we've done pretty darn well. We'll do better in the future.
Polio has not been eradicated by vaccination, it is lurking behind a redefinition and new diagnostic names like viral or aseptic meningitis.......According to one of the 1997 issues of the MMWR, there are some 30,000 to 50,000 cases of viral meningitis per year in the United States alone. That's where all those 30,000 - 50,000 cases of polio disappeared after the introduction of mass vaccination
I work at home but average 15,000 to 18,000 miles per year on my Honda.
If 80,000,000 polygons per second is reality, what happens to you when you live in a world 160,000,000?
Books in a large university library system: 2,000,000. Books in an average large city library: 10,000. Average number of books in a chain bookstore: 30,000. Books in an average neighborhood branch library: 20,000.
Most of the time, you don't win anything on reality shows. You're booted off, or maybe you win $50,000, or $100,000, which isn't really life-changing. I don't know that it's worth it.
I don't write huge books any more. I used to write 1,000 printed pages, but now I write short books. I did one on Napoleon, 50,000 words - enjoyed doing that. He was a baddie. I did one on Churchill, which was a bestseller in New York, I'm glad to say. 50,000 words. He was a goodie.
The average net worth of the lower half of the distribution, representing 62 million households, was $11,000 in 2013. About one-fourth of these families reported zero wealth or negative net worth, and a significant fraction of those said they were "underwater" on their home mortgages, owing more than the value of the home. This $11,000 average is 50 percent lower than the average wealth of the lower half of families in 1989, adjusted for inflation.
Two or three girls go to a club and they've worked out that one player is worth 50,000 (128,000), another's worth 30,000 (77,000). That's the reality.
Just to keep up with population growth, on average our economy needs to be adding about 125,000 jobs per month.
The air in a man's lungs 10,000,000,000, 000,000,000,000 atoms, so that sooner or later every one of us breathes an atom that has been breathed before by anyone you can think of who has ever lived - Michelangelo or George Washington or Moses.
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