• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

U.S. economy bounces back sharply

WCH said:
Yep, expect glowingly good reports through the election cycle.
Click to expand...

Figures lie, and liars figure! Of course that is not exclusively a Democratic Party phenomena. Though that escapes the partisan.
 
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.
 
Fenton said:
it would take a insurmountable amount of blind allegiance to a left wing ideology to create a thread like this.
Click to expand...
So reporting on a 4% increase on GDP, including with an increase in imports, is an expression of a "left wing ideology?" :lamo
 
Fenton said:
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.
Click to expand...

Don't you just love how an economy that sucks is reported in the state controlled media?
 
donsutherland1 said:
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
Click to expand...

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.
 
DA60 said:
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.
Click to expand...

I think it is good news, but the primary worry is the jump in inventory which could indicate a slumping marketplace.
 
Anthony60 said:
Don't you just love how an economy that sucks is reported in the state controlled media?
Click to expand...

Does the State only have control of it when the Democratic Party is in control??
 
Mr.Nick said:
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.
Click to expand...

True, and all administrations tend to ignore the negative and exaggerate the positive.
 
jmotivator said:
I think it is good news, but the primary worry is the jump in inventory which could indicate a slumping marketplace.
Click to expand...

The GDP number has (apparently) 1.66% in increased inventory.

GDP Kool-aid? | Silexx Financial Systems: Market Preview

That is not sales, that is hoped for/anticipated sales.

I believe this puppy is DEFINITELY going to be revised downward - substantially.


Also, I don't think it is good news...I think it gives inaccurate data that drives people and companies to go further into debt on the expectation of a brighter future when the economy is actually stagnating and simply being propped up by the Fed and government spending.

I believe that when the QE is over AND interest rates are no longer 'artificially' suppressed AND the economy does not collapse...then the numbers are good news.

But IMO, that will not happen...I do not believe the U.S. economy can stand on it's own feet without gigantic Fed/government crutches.

The fault...is the crutches which have stagnated the economy and gotten people addicted to cheap debt.

Didn't we have this problem before....hmmm......
 
Last edited:
Montecresto said:
True, and all administrations tend to ignore the negative and exaggerate the positive.
Click to expand...

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.
 
Mr.Nick said:
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.
Click to expand...

Orwell's 1984 is here in many demonstrable ways.
 
Re: US GDP Grows 4% in Q2, Beating Expectations

Glen Contrarian said:
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.
Click to expand...

If you think the USA is more "socialistic" than China, you must have a unique definition of the term.
 
Re: US GDP Grows 4% in Q2, Beating Expectations

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.
 
Mr.Nick said:
The significant problem with our economy is that a) not all economic indicators are looked at (only the positive ones)
Click to expand...
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.


b) it appears the economy has been fluctuating like a "wave" if you will - it goes up, then down, then up, then down....
Click to expand...
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.

In addition, it does seem pretty clear that the Q1 dip was mostly due to one-time factors, such as an awful winter and a drop in exports.


Any economist would call that highly unstable even when other factors of the economic formula are completely ignored.
Click to expand...
And yet, they don't. I wonder why? Probably because GDP growth rates have varied in that way for decades.

united-states-gdp-growth.png


The recovery is a bit weak, and most economists do recognize this. But most of the variations we've seen in the past year or two are typical.
 
Montecresto said:
True, and all administrations tend to ignore the negative and exaggerate the positive.
Click to expand...

It's 40% of the administrations and 60% the MSM whomever they may be in the tank for...
 
Re: US GDP Grows 4% in Q2, Beating Expectations

DA60 said:
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.
Click to expand...


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.
 
Re: US GDP Grows 4% in Q2, Beating Expectations

DA60 said:
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.
Click to expand...

Well, you got the "sucks" part right. 5 years and counting, thanks libs. Your boy is doing a fantastic job.
 
Re: US GDP Grows 4% in Q2, Beating Expectations

Dittohead not! said:
If you think the USA is more "socialistic" than China, you must have a unique definition of the term.
Click to expand...

Instead of just blowing off the claim, how about checking to see if that's really the case? Noted conservative Dinesh D'Souza says in this article on the popular conservative blog Daily Caller that China is more capitalist than America.

From the conservative financial magazine Forbes': "China Builds World's Largest Temple To Capitalist Materialism".

From Time Magazine: "Why China Does Capitalism Better Than The U.S."

The oldest (and probably most common) strategic and tactical error in warfare of all types is to underestimate one's enemy. You should learn to really know your enemy before you assume that they're not every bit as capable as you are.
 
Re: US GDP Grows 4% in Q2, Beating Expectations

DA60 said:
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.
Click to expand...

Considering the historical average is 3% that's not bad...
 
You must log in or register to reply here.
Back
Top Bottom