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Thread: GDP Contracted at 1% Pace in First Quarter

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    Re: GDP Contracted at 1% Pace in First Quarter

    Cheering? How about reiterating the adjunct failure of your beloved dictator and his minions in the media and academia that make crap up as they go and lie routinely?

    Quote Originally Posted by justabubba View Post
    and those on the right cheer when the n

    ation's economy appears to have had a hiccup
    meanwhile they ignore the consistent growth of the economy under a democratic president
    cheering against the economy. betting against the country. today's GOP

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    Re: GDP Contracted at 1% Pace in First Quarter

    Quote Originally Posted by Visbek View Post
    Why, because one indicator -- and one that is rather incomplete -- was down a bit?

    Businesses seem to think that things are looking up. Stocks went up this morning (DJI up 33 pts right now, SPX up 5), and several other indicators are looking fine.


    "A pickup in receipts at retailers, stronger manufacturing and faster job growth indicate the first-quarter setback will prove temporary as pent-up demand is unleashed. Federal Reserve policy makers said at their April meeting that the economy has strengthened after adverse weather took its toll.

    " “The next couple of quarters are going to be a lot stronger,” said Philip Orlando, the New York-based chief equity-market strategist at Federated Investors Inc., said by phone. He helps oversee around $400 billion. “The market ought to be able to read through this and begin to price in better economic growth.”

    "Fewer Americans than forecast filed applications for unemployment benefits last week, a sign the labor market continues to strengthen. Jobless claims fell by 27,000 to 300,000 in the week ended May 24, a Labor Department report showed. The median forecast of 50 economists surveyed by Bloomberg called for 318,000.

    "Separate data will probably show that pending home sales rose 1 percent in April, economists estimated before the report due at 10 a.m. They rose 3.4 percent the prior month."

    U.S. Stocks Rise After GDP Data, Tyson Bid for Hillshire - Bloomberg
    We were also told in Q4 2013 that Q1 of 2014 would pick up. So excuse me if I remain the cynical skeptic as these so-called economists predict the highly manipulated and volatile markets.

    Bloomberg's Consumer Comfort index collapsed to its lowest level in 6 months as 'Buying Climate' collapsed and economic expectations plunged from 48 to 42.5 (7-month lows). Those earning over $100k are happy and comfort soared but the comfort of those earning under $40k plunged to new cycle lows. Wealth transfer almost complete?

    The only housing sales that rose were those valued over 750k. Sales are dropping for the middle class. http://www.realtor.org/sites/default...2014-05-22.pdf Check the data. Sales aren't picking up for the 99%.

    After the terrible April departure of people from the labor force, it isn't surprising the jobless claims dropped some more. I would hardly call this strengthening since people are dropping out of the workforce and therefore not being included in the calculation for the jobless rate. Any jobs gains are being offset in job quality.

    When economists have manipulated data to work with, I can see how everything is "looking up". The new normal, "just have faith", doesn't seem to be working out so well IMO.
    Last edited by JRSaindo; 05-29-14 at 12:06 PM.

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    Re: GDP Contracted at 1% Pace in First Quarter

    Quote Originally Posted by justabubba View Post
    and those on the right cheer when the nation's economy appears to have had a hiccup
    meanwhile they ignore the consistent growth of the economy under a democratic president
    cheering against the economy. betting against the country. today's GOP
    So what in the economy is growing? Show me. Everything I read says people are giving up looking for work in droves. CEO pay has never been higher, yet we are at a stagnant unemployment rate with millions no longer looking for work. How do you spin this as growth?

    I'm not blaming Obama for the problem, as this all started years ago. but he isn't helping it any. We never seem to be proactive, but reactive. That is a huge problem because by the time we finally react, most of the damage is done.

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    Re: GDP Contracted at 1% Pace in First Quarter

    Quote Originally Posted by jmotivator View Post
    U.S. GDP Contracted at 1% Pace in First Quarter - WSJ.com

    "he U.S. economy contracted in the first quarter of 2014, the latest stumble for a recovery that has struggled to find its footing since the recession ended almost five years ago."

    The "recovery" is over.
    Wonder how many people bought the Obama line about transforming America and if this is the transformation they voted for? The new liberal normal is the European Normal, high unemployment, high debt, low economic growth, and massive govt. dependence

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    Re: GDP Contracted at 1% Pace in First Quarter

    Quote Originally Posted by justabubba View Post
    and those on the right cheer when the nation's economy appears to have had a hiccup
    meanwhile they ignore the consistent growth of the economy under a democratic president
    cheering against the economy. betting against the country. today's GOP
    its called lack luster growth. the worst growth rate after a recession in modern times.
    Go Vols

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    Re: GDP Contracted at 1% Pace in First Quarter

    Quote Originally Posted by justabubba View Post
    and those on the right cheer when the nation's economy appears to have had a hiccup
    meanwhile they ignore the consistent growth of the economy under a democratic president
    cheering against the economy. betting against the country. today's GOP
    So tell me when you voted for Obama in 2008 based upon his desire to transform America, is this the transformation that you voted for? Do you realize that the total debt now exceeds 100% of GDP, that there still are fewer people working today than when the recession began, that the economic growth is below the average of the Bush term, and that the unemployment/under employment is worse than anything Bush had?

    It is great to be loyal but loyalty has to have its limits. When will we ever reach that limit with Obama supporters?

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    Re: GDP Contracted at 1% Pace in First Quarter

    BTW, less then half of America receives significant snowfall.
    Last edited by DA60; 05-29-14 at 12:43 PM.

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    Re: GDP Contracted at 1% Pace in First Quarter

    Quote Originally Posted by Visbek View Post
    Why, because one indicator -- and one that is rather incomplete -- was down a bit?

    Businesses seem to think that things are looking up. Stocks went up this morning (DJI up 33 pts right now, SPX up 5), and several other indicators are looking fine.


    "A pickup in receipts at retailers, stronger manufacturing and faster job growth indicate the first-quarter setback will prove temporary as pent-up demand is unleashed. Federal Reserve policy makers said at their April meeting that the economy has strengthened after adverse weather took its toll.

    " “The next couple of quarters are going to be a lot stronger,” said Philip Orlando, the New York-based chief equity-market strategist at Federated Investors Inc., said by phone. He helps oversee around $400 billion. “The market ought to be able to read through this and begin to price in better economic growth.”

    "Fewer Americans than forecast filed applications for unemployment benefits last week, a sign the labor market continues to strengthen. Jobless claims fell by 27,000 to 300,000 in the week ended May 24, a Labor Department report showed. The median forecast of 50 economists surveyed by Bloomberg called for 318,000.

    "Separate data will probably show that pending home sales rose 1 percent in April, economists estimated before the report due at 10 a.m. They rose 3.4 percent the prior month."

    U.S. Stocks Rise After GDP Data, Tyson Bid for Hillshire - Bloomberg
    LOL !

    Did you just equate the equities markets to our economy ?

    How desperate are you people ? Wait, dont answer that.

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    Re: GDP Contracted at 1% Pace in First Quarter

    Quote Originally Posted by Fenton View Post
    LOL !

    Did you just equate the equities markets to our economy ?

    How desperate are you people ? Wait, dont answer that.
    Exactly. July 2007 set a record in the stock market... how healthy was the economy?

    Investment in the stock market is driven by the absence of a return on bonds. Any port in a storm.
    Give a man a fish and he eats for a day. Teach a man to fish and he stops voting for the Free Fish party.

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    Re: GDP Contracted at 1% Pace in First Quarter

    Quote Originally Posted by WCH View Post
    As seen and managed by a quasi-governmental entity.
    You do realize that GDP numbers come from a government agency too?
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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