joG
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Didn't mean to post...
We all know that.
Didn't mean to post...
Yep, expect glowingly good reports through the election cycle.
Didn't mean to post...
Figures lie, and liars figure! Of course that is not exclusively a Democratic Party phenomena. Though that escapes the partisan.
Didn't mean to post...
So reporting on a 4% increase on GDP, including with an increase in imports, is an expression of a "left wing ideology?" :lamoit would take a insurmountable amount of blind allegiance to a left wing ideology to create a thread like this.
The Actor Donald Sutherland from " Invasion of the Body Snatchers " fame is a huge Lib.
Just sayin......
Because it would take a insurmountable amount of blind allegiance to a left wing ideology to create a thread like this.
CNN reported:
New data released Wednesday show the U.S. economy bounced back in the spring, growing at a 4% annual pace in the second quarter. That was even better than the forecast of 3% growth, according to a consensus of economists surveyed by CNNMoney.
After terrible start to the year, the U.S. economy bounces back - Jul. 30, 2014
The full GDP report can be found at: http://www.bea.gov/newsreleases/national/gdp/2014/pdf/gdp2q14_adv.pdf
Means nothing...wait for the final revision (then few will pay attention).
They dropped Q1 from +0.1% initially all the way down to -2.1% in th final revision...clearly (IMO) they are either incompetent and/or being influenced.
Don't you just love how an economy that sucks is reported in the state controlled media?
The significant problem with our economy is that a) not all economic indicators are looked at (only the positive ones) and b) it appears the economy has been fluctuating like a "wave" if you will - it goes up, then down, then up, then down...... Any economist would call that highly unstable even when other factors of the economic formula are completely ignored.
I think it is good news, but the primary worry is the jump in inventory which could indicate a slumping marketplace.
Does the State only have control of it when the Democratic Party is in control??
I can't answer that, or I'll be dragged in by the NSA.
True, and all administrations tend to ignore the negative and exaggerate the positive.
Yes, however sometimes it gets so ridiculous that it borderlines on insulting people intelligence (at least those who have one)...
I mean I have read in the Chicago Tribune no less, where they report mass quantities of jobs moving overseas and then a few stories down they say "report - economy growing."
It's almost like Orwells 1984.
Except for that fact that America - like all the rest of the first-world democracies - has a very healthy dose of socialism at work in the economy. If you want to see real capitalism at work, go to China - or go to most third-world nations where the golden rule is the only rule that really matters.
This isn't to say that pure socialism is good - it's not. What is best, as evinced by ALL the first-world democracies on the planet, is an economy that is balanced between capitalism and socialism, neither too much nor too little of either one.
A variety of economic indicators get reported on a regular basis. You won't see it on the 30 minute nightly news or the front page of the Cleveland Plain Dealer because most people don't care. In addition, most articles about the latest GDP figures do mention issues like flat wages or weakness in housing this quarter.The significant problem with our economy is that a) not all economic indicators are looked at (only the positive ones)
GDP has fluctuated a bit, but it is not "the economy" (despite a slightly misleading thread title). It is merely one measure, and a fairly broad one. For example, higher imports will reduce GDP, but are often a good sign as it indicates an increase in consumer spending. A drop in exports will reduce GDP, but exports will depend heavily on factors like the health of foreign purchasers, the relative value of the dollar, and so forth.b) it appears the economy has been fluctuating like a "wave" if you will - it goes up, then down, then up, then down....
And yet, they don't. I wonder why? Probably because GDP growth rates have varied in that way for decades.Any economist would call that highly unstable even when other factors of the economic formula are completely ignored.
True, and all administrations tend to ignore the negative and exaggerate the positive.
Btw, even if this number is not revised downwards (which I think is a near-certainty that it will be revised downwards); it still looks pretty poor for the economy.
If the bad Q1 number was weather related, then the assumption must be that Q2 was when people came out of hiding and spent what they did not in Q1.
So if you combine the two numbers (-2.1 and +4.0), you are left with a 1/2 year total of 1.9% (on a yearly basis).
Despite massive government spending and Fed QE's/'artificially' low interest rates...1.9% annual GDP growth is all that can be mustered?
That sucks in my book.
I got it wrong (bad math)...it's not +1.9% GDP yearly growth for 2014 so far.
It's +0.95% GDP yearly growth for 2014 so far.
Yikes.
If you think the USA is more "socialistic" than China, you must have a unique definition of the term.
Btw, even if this number is not revised downwards (which I think is a near-certainty that it will be revised downwards); it still looks pretty poor for the economy.
If the bad Q1 number was weather related, then the assumption must be that Q2 was when people came out of hiding and spent what they did not in Q1.
So if you combine the two numbers (-2.1 and +4.0), you are left with a 1/2 year total of 1.9% (on a yearly basis).
Despite massive government spending and Fed QE's/'artificially' low interest rates...1.9% annual GDP growth is all that can be mustered?
That sucks in my book.