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

  1. #41
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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.

    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.



    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:

    No, " QE hasn't been phased out ".

    Its effects on interest rates are very much in effect which is WHY its still substantially influencing the Stock Markets record highs.

    Why do you Libs keep ignoring the fact that the FED is sitting on a massive pile of excess reserves ?

    That it can't get rid of ?

  2. #42
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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Quote Originally Posted by Rials6 View Post
    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
    There is a reason why I thanked you in advance for not answering my direct questions and that is because I knew you wouldn't. Thanks for proving me right. I'd ask you again to explain which Obama policies brought about the 5% GDP growth, but you wont answer for one simple reason--you cant.

  3. #43
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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.
    Hey wait a minute. Wasn't reduced government spending under Sequestration supposed to send us back into the economic doldrums instead of increasing growth?

  4. #44
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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Sequestration did affect GDP in 2013. CBO estimated a 0.6% reduction in 2013's GDP, other estimates ranged from 0.4% to 1%.

    Sequestration didn't have any major effects in 2014. Government spending didn't change much:

    2013 Expenditures: $3.4 trillion
    2014 Expenditures: $3.5 trillion (planned)

    Government employment didn't change, and as has been the case during the entire recovery, the job growth is in the private sector.

    While government expenditures do affect GDP, government spending does not appear to have contributed to the overall GDP growth rate (or the Q1 loss) for 2014.

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

    Quote Originally Posted by Declan View Post
    Pretty much summed up my opinion of libertarianism in a nutshell--as long as it sounds nice....
    Libertarianism does not sound nice to me...

    And yes I know he's being sarcastic...

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

    Quote Originally Posted by Fletch View Post
    If you would actually like to have an intelligent discussion of libertarianism rather than engage in childish drive by's, man up and start a thread on the subject.
    Maybe one day when I have a bottle of advil handy...

    Till then, read your party's roots... http://www.scoop.co.nz/stories/HL0812/S00378.htm

  7. #47
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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Quote Originally Posted by b_dubz View Post
    Maybe one day when I have a bottle of advil handy...

    Till then, read your party's roots... Mr. Anonymous & The Libertarian Movement | Scoop News
    Advil wont grow you a pair of balls, dude.

  8. #48
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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Quote Originally Posted by b_dubz View Post
    Libertarianism does not sound nice to me...

    And yes I know he's being sarcastic...
    Libertarianism is a bunch of non-sequitur soundbites that make no sense when strung together. We would live in a world where 5% growth would be a reference to to the sod on top our prairie shanty after a spring rain.

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

    Quote Originally Posted by Fletch View Post
    Advil wont grow you a pair of balls, dude.
    Typical libertarian response. Did you even read the article about the formation of your pseudo political ideology?

    Libertarianism is a extreme form of corporatism, that would allow corporations to run rampant, turn america into a bigger oligarchy than it already is, and destroy the working class once and for all. That's why it was made up by corporatists like Volker and kolch senior.

    It originally meant anarcho socialism, they stole the word and twisted its meaning to a extreme.

  10. #50
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    Re: Q3 GDP Grew 5%, "Fastest Rate In More Than a Decade"

    Quote Originally Posted by b_dubz View Post
    Typical libertarian response. Did you even read the article about the formation of your pseudo political ideology?
    No.

    Libertarianism is a extreme form of corporatism, that would allow corporations to run rampant, turn america into a bigger oligarchy than it already is, and destroy the working class once and for all. That's why it was made up by corporatists like Volker and kolch senior.

    It originally meant anarcho socialism, they stole the word and twisted its meaning to a extreme.
    If that garbage is the best you've got, then you got squat.

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