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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

    Quote Originally Posted by Fenton View Post
    Yes, going on 6 years and its still the last guys fault....

    Lol !
    reagan blamed everything on carter.
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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.
    Actually, the drop in GDP was probably due to the weather. I know you don't want to hear this, but I am quoting from that Hippy-Commie rag known as the Wall Street Journal. You can read about it here. The next report is due out in another 3 months, and we will have a better gauge on things then.

    NOTE: Maybe Obama DOES have the power to wreck our economy by changing the weather, so maybe it is still all his fault. LOL.
    The ghost of Jack Kevorkian for President's Physician: 2016

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    Re: GDP Contracted at 1% Pace in First Quarter

    Quote Originally Posted by Fenton View Post
    Yes, going on 6 years and its still the last guys fault....

    Lol !
    Those tax cuts, which brought us to the lowest income taxes since before WW2, really sent our economy into overdrive, didn't they?

    And yeah, when the last guy's policies are continuing for another six years, I would say they can have an effect six years later.
    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 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.
    Bad news for America... and the GOP rejoices.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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    Re: GDP Contracted at 1% Pace in First Quarter

    Quote Originally Posted by Demon of Light View Post
    At the same time labor participation is at multi-decade lows....
    ...a trend that started in 2001. By the way, wages went flat in the early 1970s -- so the complaints about "low-paying jobs" could be leveled at any President who presided any time in the past 40 years.


    Never mind that any "growth" in the economy is fueled entirely by various Fed and government injections that are unsustainable and distort the market.
    The market isn't going through the roof because of Fed policies. It's because corporate profits are through the roof, mostly as a result of squeezing employees as hard as they can during bad economic times.




    Companies are also holding record amounts of cash. Is that also a "negative indicator?" U.S. Firms Hold Record $1.64 Trillion in Cash With Apple in Lead - Bloomberg


    Stocks jumping higher on such horrible news is a pretty good indicator of how rigged the market has become.....
    "Rigged" by whom? Did the Fed make a big loan this morning, so that someone could single-handedly invest enough to boost the market?

    Or, perhaps the market shrugged off the news, because in their view it wasn't a big deal.


    All meaningful indicators point to a recession starting this year....
    Which "meaningful indicators" are you talking about? The Conference Board's LEI has been rising for 3 months in a row. Pretty much everyone understands that Q1 got hammered by an awful winter, and it is likely to have produced some pent-up demand.


    unlike Clinton, Obama will not be able to bail out the system and paper over the losses so that it gets pushed into the next guy's term.
    What fantasy is this? Or perhaps you are referring to George Bush 41, who threw immense sums at the S&L Crisis, which left Clinton with a nice chunk of fancy new debt? Heck, the S&L Crisis cost the taxpayers far more than anything Bush 43 or Obama did to get over the financial crisis.


    The U.S. is still in bailout economy conditions and it would take the kind of money injection that usually precedes hyperinflationary sovereign default crises to prevent another serious downturn.
    Yes and no.

    "Yes" in that we are still in a bit of a liquidity trap, which means the Fed can continue actions like QE without causing inflation any time soon -- in the same way that they have done so for many years now, without producing the "hyperinflation" expected by people who don't understand economics well.

    "No" in that the Fed can't really do much more at this point if the economy takes a serious downturn. Inducing "hyperinflation" is obviously something no US central bank will do, at least not during our lifetimes. We are also a long, long way from any sort of default because of anything other than legislative dysfunction.

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    Re: GDP Contracted at 1% Pace in First Quarter

    Quote Originally Posted by JRSaindo View Post
    They have to say that. Its the Federal Reserve. Gotta keep up the illusion of recovery at all costs. People really do drink the kool-aid. The one redeeming sector for GDP was healthcare.
    Really? Healthcare? But the GOP told us that Obamacare was supposed to destroy that sector right before destroying our economy altogether... hrrmmmmm
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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    Re: GDP Contracted at 1% Pace in First Quarter

    Quote Originally Posted by jonny5 View Post
    Whatever the reason, its quite possible we're in the middle of small recession, but wont know for a few months. I bet politicians are very scared right now, given the proximity to the election.
    My personal prediction is that it will rebound really quickly but we are headed for another wall street/banking crash in about a year or two. We've done nothing to the "too big to fail" sector after we bailed them out in 2007/2008 and now they are much bigger than they were then. Then there are the investments based on rampant speculation rather than company forecasts and production which is inflating stock. Not to mention the stupid practice of computer investments that buy and sell fractional shares in nanoseconds based on mathematical algorithms and not company forecasts and production. All this is creating extremely false worth and instability in the markets.
    Last edited by poweRob; 05-30-14 at 12:38 AM.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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    Re: GDP Contracted at 1% Pace in First Quarter

    Quote Originally Posted by 99percenter View Post
    reagan blamed everything on carter.

    Lol !

    Reagan was actually qualified and he DID inherit a mess.

    But Reagan's not relevant to your irrelevant Bush blame.

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    Re: GDP Contracted at 1% Pace in First Quarter

    Quote Originally Posted by poweRob View Post
    Bad news for America... and the GOP rejoices.
    We tried to warn you people back in 2008 when Millions of Americans were equating empty plattitudes to Presidential qualifications.

    People like you supported this guy and his progressive policies. Voted for him and gave him the power to sign destructive legislation.

    So why are the Conns the bad guys ?

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    Re: GDP Contracted at 1% Pace in First Quarter

    Quote Originally Posted by Fenton View Post
    Lol !

    Reagan was actually qualified and he DID inherit a mess.

    But Reagan's not relevant to your irrelevant Bush blame.
    Obama inherited a mess. What reagan inherited is pale in comparison to GBR.
    bears, bulls, white sox fan 4 life!!!

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