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Thread: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Quote Originally Posted by DA60 View Post
    Durable Goods Orders in U.S. Unexpectedly Fell 0.7% in November

    Durable Goods Orders in U.S. Unexpectedly Fell 0.7% in November - Bloomberg
    But (and for some reason apparently NY Times didn't feel the need to highlight this) apparently Defense Spending was up 16% in the third quarter.

    Although they talk around (but do not mention) the benefits of fracking:

    ...“Consumption growth appears to have accelerated further in Q4, with plunging gasoline prices shifting upside to more discretionary areas...

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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"
    let the celebration / debunking begin!

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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Quote Originally Posted by cpwill View Post
    But (and for some reason apparently NY Times didn't feel the need to highlight this) apparently Defense Spending was up 16% in the third quarter.
    Wow, 16%!!!! Oh wait, you mean around $11 billion.

    1) There were no revisions to the contribution of defense spending to GDP between the advance estimate, and today's release. That's one reason not to mention it.

    2) The bump up in military spending contributed to 0.6% of the increase in GDP. In comparison, personal spending was responsible for 2.2%, services 1.5%, corporate investment 1.2%, net exports 0.8%. I.e. notable, but not critical.

    3) Those other aspects (notably corporate investment) are good signs for the economy as a whole.

    I'm also curious if you applied these same critical skills to the Q1 drop in GDP. Maybe I should go back and take a look.

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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Quote Originally Posted by Fletch View Post
    Gutless liberalism.
    It was actually a libertarian who made the driveby comment that he was afraid to comment. Funny how you let him slide....
    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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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Last edited by Rials6; 12-23-14 at 02:47 PM.

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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Quote Originally Posted by Visbek View Post
    http://www.nytimes.com/2014/12/24/bu...=top-news&_r=0

    GDP figures were revised to 5%, up from 3.9%. Growth in Q3 was mostly due to:
    • Investment by businesses
    • Increased consumer spending
    • Improvements in trade

    Consumption may be up in Q4 due to falling gas prices. This means Q3 was the strongest quarter since 2003.

    Keep in mind that there is obviously much more to an economy than GDP, but it's still a good sign.
    TYRANNY! Obama's DESTROYING the economy! His war on Wall Street and Big Oil is bankrupting the nation!!!!

    Oh, and the Dow just went over 18,000 for the first time.
    “To do evil, a human being must first of all believe that what he’s doing is good" - Solzhenitsyn

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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Quote Originally Posted by Rials6 View Post
    What did Obama do that lowered gas prices?
    "Give me your tired, your poor, your huddled masses yearning to breathe free."
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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Quote Originally Posted by Lakryte View Post
    What did Obama do that lowered gas prices?
    Hey, if gas went up to $5.00 a gallon. Who would ya blame, Obama. It's under $2.00 in some places. Who do you blame for this tragedy sir?

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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Quote Originally Posted by Glen Contrarian View Post
    TYRANNY! Obama's DESTROYING the economy! His war on Wall Street and Big Oil is bankrupting the nation!!!!

    Oh, and the Dow just went over 18,000 for the first time.
    I think that's more an effect of the Fed's QE, which, if I understand correctly, has devalued the dollar against other foreign currencies. If that's the case, you can see how much less the dollar buys, the ones that people are working for, being of lesser value. Do please resume your DOW celebration.
    the Fix-is-in Bureau of Investigation

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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    It's funny to see just how few responses this thread has gotten. If the GDP were growing slower, we'd have seen Republicans trying to bash Obama's skull in for something. Yet, his policies haven't changed, his ideas haven't changed. So how is it that these ideas aren't affecting the economy as badly as a Republican would hope? I thought Obama was a cunning, snake tongued tyrant hellbent on destroying America. How can his policies not be destroying America? That America. How resilient she is. F'n ah 'Murica:

    Last edited by Hatuey; 12-23-14 at 05:38 PM.
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