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

  1. #21
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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Quote Originally Posted by eohrnberger View Post
    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.
    Like how the dollar's buying a lot less gas?
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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Quote Originally Posted by Hatuey View Post
    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?
    The recession ended 5 1/2 years ago and its only just now that we finally have an undeniably solid GDP reading. If you want to give Obama credit, you should probably point out which policy of his it was that caused this nice bump in GDP, why it has taken so long and whether or not it will continue. Personally, I think our recovery and growth has more to do with FED policy and American capitalism than anything Obama has done, but Obama is president so he does get the kudos.

    I am more concerned with why the FED hasn't begun raising rates considering the economic growth and employment level. That tells me there is still an underlying problem that hasn't been resolved and will rear its head again. Whether or not Obama slips out of town before that happens remains to be seen.

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

    Quote Originally Posted by Fletch View Post
    The recession ended 5 1/2 years ago and its only just now that we finally have an undeniably solid GDP reading. If you want to give Obama credit, you should probably point out which policy of his it was that caused this nice bump in GDP, why it has taken so long and whether or not it will continue. Personally, I think our recovery and growth has more to do with FED policy and American capitalism than anything Obama has done, but Obama is president so he does get the kudos.

    I am more concerned with why the FED hasn't begun raising rates considering the economic growth and employment level. That tells me there is still an underlying problem that hasn't been resolved and will rear its head again. Whether or not Obama slips out of town before that happens remains to be seen.
    The denial is ****ing incredible! But know matter how you in your mind, try to spin this, the average everyday American doesn't give a Damn how it got this way, just as long as it has happened. Points for Obama whether you feel he deserve it or not, that's just the way it goes.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 eohrnberger View Post
    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.
    You're misinformed.

    The USD tends to grow stronger vs the Euro when QE is announced. The exception is in 2014, when QE efforts have largely been phased out, and the USD still grew stronger. USD vs GBP shows no real correlation to rounds of QE. USD vs JPY shows no correlation to either QE or EUR or GBP. The Yuan is still largely pegged to the USD.

    QE can act as an inflationary force... unless the country is in a liquidity trap and/or facing other serious deflationary pressures (as the US did from 2007 to the present). It also seems that QE didn't do much, since the banks do not seem to have substantially increased lending and/or it is only very recently that consumer borrowing has gone up. Oh, and the Eurozone and the UK have done their own rounds of QE.


    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.
    1) Even by your own claim, you're incorrect. QE has been mostly phased out, and the Fed is unlikely to start another round.

    2) The USD is actually fairly strong right now -- strong enough to potentially harm exports, and make imports more expensive. (E.g. Strong dollar takes toll on U.S. businesses)

    Now, we might make the claim that QE has boosted the stock market. In particular, it appears that cheap debt has fueled lots of stock buy-backs. However, AFAIK that doesn't have a big effect on GDP. Thus, it does make sense to look at what current GDP figures say about the economy, and conclude that things improved substantially for the US in Q3 2014, even as most other world economies took a bit of a nosedive.

    Therefore:

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

    Quote Originally Posted by Rials6 View Post
    The denial is ****ing incredible! But know matter how you in your mind, try to spin this, the average everyday American doesn't give a Damn how it got this way, just as long as it has happened. Points for Obama whether you feel he deserve it or not, that's just the way it goes.Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"
    That's what I said, genius. But go ahead and tell me which particular Obama policy caused this spike in GDP and why it took 6 years for it to happen. Then you can tell me if this level of GDP is going to continue and if so, why? And if not, why not? Let me thank you in advance for not answering a single one of those questions.

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

    Quote Originally Posted by Visbek View Post
    You're misinformed.
    OK, kinda why I posted that the way I did.

    Quote Originally Posted by Visbek View Post
    The USD tends to grow stronger vs the Euro when QE is announced. The exception is in 2014, when QE efforts have largely been phased out, and the USD still grew stronger. USD vs GBP shows no real correlation to rounds of QE. USD vs JPY shows no correlation to either QE or EUR or GBP. The Yuan is still largely pegged to the USD.

    QE can act as an inflationary force... unless the country is in a liquidity trap and/or facing other serious deflationary pressures (as the US did from 2007 to the present). It also seems that QE didn't do much, since the banks do not seem to have substantially increased lending and/or it is only very recently that consumer borrowing has gone up. Oh, and the Eurozone and the UK have done their own rounds of QE.
    A QE race that we are winning?

    Quote Originally Posted by Visbek View Post
    1) Even by your own claim, you're incorrect. QE has been mostly phased out, and the Fed is unlikely to start another round.

    2) The USD is actually fairly strong right now -- strong enough to potentially harm exports, and make imports more expensive. (E.g. Strong dollar takes toll on U.S. businesses)
    I understand how a strong dollar makes exporting from the US to other markets more challenging, in that it takes more of the foreign currency to pay for the US exported goods, but I don't see how a strong dollar makes US imports more expensive, it would make them cheaper, wouldn't it?

    Quote Originally Posted by Visbek View Post
    Now, we might make the claim that QE has boosted the stock market. In particular, it appears that cheap debt has fueled lots of stock buy-backs. However, AFAIK that doesn't have a big effect on GDP. Thus, it does make sense to look at what current GDP figures say about the economy, and conclude that things improved substantially for the US in Q3 2014, even as most other world economies took a bit of a nosedive.

    Therefore:
    A combination of a US economic recovery, and a foreign economic set back I guess.

    Still, all that toxic debt that the Fed's placed on their balance sheet. That bill hasn't come due yet, and it's going to have to at some time. I wonder the effect of this when it does.
    Disinformation campaign? The Russian collusion meme pushed by the 'news' media, behaving as a political propaganda organ, hell bent to destroy a legitimately elected president to implement his agenda per the votes of the same electorate. Reference The Big Lie Reference Goebbels

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

    Quote Originally Posted by Glen Contrarian View Post
    Like how the dollar's buying a lot less gas?
    As insightful as ever Glen.
    Disinformation campaign? The Russian collusion meme pushed by the 'news' media, behaving as a political propaganda organ, hell bent to destroy a legitimately elected president to implement his agenda per the votes of the same electorate. Reference The Big Lie Reference Goebbels

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

    Quote Originally Posted by Fletch View Post
    That's what I said, genius. But go ahead and tell me which particular Obama policy caused this spike in GDP and why it took 6 years for it to happen. Then you can tell me if this level of GDP is going to continue and if so, why? And if not, why not? Let me thank you in advance for not answering a single one of those questions.
    For one. you didn't ask me a Damn thing. Obama is helping whether you like it or not. Just by reading your denial in what's going on. I can tell you have a pre existing condition. But don't worry, Obama has you covered champ. Your party ****ed sh!t up. And have the nerve to get mad because your Fck up isn't being cleaned up fast enough. Smdh
    Last edited by Rials6; 12-23-14 at 07:08 PM.

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

    Quote Originally Posted by Fletch View Post
    That's what I said, genius. But go ahead and tell me which particular Obama policy caused this spike in GDP and why it took 6 years for it to happen. Then you can tell me if this level of GDP is going to continue and if so, why? And if not, why not? Let me thank you in advance for not answering a single one of those questions.
    Now what you can do is tell me how republicans helped in anyway. Genius

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

    Quote Originally Posted by Fletch View Post
    That's what I said, genius. But go ahead and tell me which particular Obama policy caused this spike in GDP and why it took 6 years for it to happen. Then you can tell me if this level of GDP is going to continue and if so, why? And if not, why not? Let me thank you in advance for not answering a single one of those questions.
    GOP greets economic news with total silence

    Maybe you should do the same. Lmao!

    http://www.msnbc.com/rachel-maddow-s...-total-silence

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