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Thread: GDP Slows to Crawl in First Quarter, Up 0.1%

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    Re: GDP Slows to Crawl in First Quarter, Up 0.1%

    Quote Originally Posted by Blue_State View Post
    It was a horrible Jan - March. The real measure is what is April - June. If that comes up anemic then we have issues. I am not ready to jump out the window on the Jan - Mar report. My work hasn't even started yet this year because of the weather and I am heavily tied into construction.
    By my rough calculation, roughly half of the country (by population) was not/was barely affected by the snowstorms...including CA, TX and FL (which alone make up over 1/4 of the total population).

    States - Ranked by Size & Population - ipl2 Stately Knowledge: Facts about the United States

    http://www.bea.gov/newsreleases/nati...dp1q14_adv.txt

    I'll buy that the weather negatively affected the GDP for Q1 2014...but no way that I will buy that it single handedly plummeted the entire economy to virtual stagnation in Q1.

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    Re: GDP Slows to Crawl in First Quarter, Up 0.1%

    Quote Originally Posted by tres borrachos View Post
    The snow in Minnesota brought the entire country to its knees?
    Yes, that's precisely what I meant.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: GDP Slows to Crawl in First Quarter, Up 0.1%

    Quote Originally Posted by DA60 View Post
    By my rough calculation, roughly half of the country (by population) was not/was barely affected by the snowstorms...including CA, TX and FL (which alone make up over 1/4 of the total population).

    States - Ranked by Size & Population - ipl2 Stately Knowledge: Facts about the United States

    http://www.bea.gov/newsreleases/nati...dp1q14_adv.txt

    I'll buy that the weather negatively affected the GDP for Q1 2014...but no way that I will buy that it single handedly plummeted the entire economy to virtual stagnation in Q1.
    Well it's a good thing you won't buy it because nobody is claiming the weather was the only factor,
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: GDP Slows to Crawl in First Quarter, Up 0.1%

    Quote Originally Posted by Deuce View Post
    Well it's a good thing you won't buy it because nobody is claiming the weather was the only factor,
    Well, you do not know everybody, so you cannot know if someone did claim that or not.

    But anyway, I will be more specific...I do not even think it was the largest factor.

    The fact that economists dropped their estimate by about 50% just for the weather and still the economy came in far lower then even those pessimistic estimates strongly suggests to me that the weather was not even close to the largest factor.

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    Re: GDP Slows to Crawl in First Quarter, Up 0.1%

    My work is nationwide and it rained to much to work, snowed to much to work...it was just tough weather. They still have frost restrictions in the North. It was rough.

    Sure it wasn't the only reason...but it was a major contributor in my sector which is construction.

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    Re: GDP Slows to Crawl in First Quarter, Up 0.1%

    Quote Originally Posted by Blue_State View Post
    My work is nationwide and it rained to much to work, snowed to much to work...it was just tough weather. They still have frost restrictions in the North. It was rough.

    Sure it wasn't the only reason...but it was a major contributor in my sector which is construction.
    Fair enough.

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    Re: GDP Slows to Crawl in First Quarter, Up 0.1%

    Quote Originally Posted by Blue_State View Post
    It was a horrible Jan - March. The real measure is what is April - June. If that comes up anemic then we have issues. I am not ready to jump out the window on the Jan - Mar report. My work hasn't even started yet this year because of the weather and I am heavily tied into construction.
    Most of the large construction projects don't begin(in Minnesota at least) until April 1. Even later if the frost isn't out of the ground like it wasn't this year.

    I never had much faith in this administration to begin with so I'm not real optimistic but I will agree that we have SERIOUS issues if things stagnate into the summer. There is just nothing left to blame it on except for bad policy.

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    Re: GDP Slows to Crawl in First Quarter, Up 0.1%

    Meanwhile, in Canada:

    February growth puts Canada on track for stronger than expected first quarter | GlobalPost

    Canadian economists now seeing a much stronger 1st quarter than originally predicted... maybe 2.4%?

    Canadians must be overjoyed that they don't have to deal with the sort of brutal winter weather we have in the States.

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    Re: GDP Slows to Crawl in First Quarter, Up 0.1%

    Quote Originally Posted by Blue_State View Post
    My work is nationwide and it rained to much to work, snowed to much to work...it was just tough weather. They still have frost restrictions in the North. It was rough.

    Sure it wasn't the only reason...but it was a major contributor in my sector which is construction.
    Yeah, there's a hangar in Minnesota that was supposed to be finished last October. They're finally making real progress now. My company has been waiting to rent space in it.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: GDP Slows to Crawl in First Quarter, Up 0.1%

    Quote Originally Posted by Taylor View Post
    Meanwhile, in Canada:

    February growth puts Canada on track for stronger than expected first quarter | GlobalPost

    Canadian economists now seeing a much stronger 1st quarter than originally predicted... maybe 2.4%?

    Canadians must be overjoyed that they don't have to deal with the sort of brutal winter weather we have in the States.
    Well, they're Canadians. -30C is a nice weekend at the beach for them.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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