4% Growth For Q2

  1. You have chosen to ignore posts from UserName9. Show UserName9's posts

    4% Growth For Q1

    http://www.usatoday.com/story/money/business/2014/07/30/gross-domestic-product-second-quarter/13336479/" rel="nofollow">http://www.usatoday.com/story/money/business/2014/07/30/gross-domestic-product-second-quarter/13336479/


     


    The U.S. economy posted better-than-expected growth in the second quarter, bouncing back from its worst performance in five years.


    U.S. gross domestic product, which measures the output of goods and services in the economy, expanded at a seasonally adjusted annual rate of 4% in the three months ended June 30, the Commerce Department said Wednesday. Consumer spending, business investment and inventory stockpiling all rebounded strongly. Economists surveyed by Action Economics expected 3% growth.


    --------------------------------


    With the combination of the economic Armageddon of ObamaCare, the War on Coal, the crushing regulatory blows of Dodd-Frank and the EPA, hyperinflation and the rest of the Socialist agenda that practically requires everyone to sit on their duff instead of working.....how is this possible?


    I know....the government is cooking the books again, and then forces the private sector to make up numbers about increased production, record earnings and hiring.

     
  2. You have chosen to ignore posts from UserName9. Show UserName9's posts

    Re: 4% Growth For Q1

    make that Q2.....can't update the headline.

     
  3. You have chosen to ignore posts from miscricket. Show miscricket's posts

    Re: 4% Growth For Q1

    This is promising news!! I wonder how the GOP will spin this?  I still have concerns over wage issues though. As a percentage, wages are still too low.

    "It is not down in any map...trueplaces never are...." ( Melville)

     
  4. You have chosen to ignore posts from ForumModeratorMM. Show ForumModeratorMM's posts

    Re: 4% Growth For Q2

    In response to UserName9's comment:
    [QUOTE]

    make that Q2.....can't update the headline.

    [/QUOTE]


    Username, 
    Consider it fixed!

    MM

     
  5. You have chosen to ignore posts from babytut. Show babytut's posts

    Re: 4% Growth For Q1


    "With the combination of the economic Armageddon of ObamaCare, the War on Coal, the crushing regulatory blows of Dodd-Frank and the EPA, hyperinflation and the rest of the Socialist agenda that practically requires everyone to sit on their duff instead of working.....how is this possible?"

     

    it isn't.  it will be revised as always. 

    go check out yesterday's report on the dollar tree chain.  wild growth because nobody can afford to shop anywhere else.

     
  6. You have chosen to ignore posts from UserName9. Show UserName9's posts

    Re: 4% Growth For Q2

    In response to babytut's comment:
    [QUOTE]


    "With the combination of the economic Armageddon of ObamaCare, the War on Coal, the crushing regulatory blows of Dodd-Frank and the EPA, hyperinflation and the rest of the Socialist agenda that practically requires everyone to sit on their duff instead of working.....how is this possible?"

     

    it isn't.  it will be revised as always. 

    go check out yesterday's report on the dollar tree chain.  wild growth because nobody can afford to shop anywhere else.

    [/QUOTE]

    You mean like how they just revised Q1......upward?

     
  7. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: 4% Growth For Q2

    In response to UserName9's comment:
    [QUOTE]

    http://www.usatoday.com/story/money/business/2014/07/30/gross-domestic-product-second-quarter/13336479/" rel="nofollow">http://www.usatoday.com/story/money/business/2014/07/30/gross-domestic-product-second-quarter/13336479/" rel="nofollow">http://www.usatoday.com/story/money/business/2014/07/30/gross-domestic-product-second-quarter/13336479/

     

     

     

    The U.S. economy posted better-than-expected growth in the second quarter, bouncing back from its worst performance in five years.

     

    U.S. gross domestic product, which measures the output of goods and services in the economy, expanded at a seasonally adjusted annual rate of 4% in the three months ended June 30, the Commerce Department said Wednesday. Consumer spending, business investment and inventory stockpiling all rebounded strongly. Economists surveyed by Action Economics expected 3% growth.

     

    --------------------------------

     

    With the combination of the economic Armageddon of ObamaCare, the War on Coal, the crushing regulatory blows of Dodd-Frank and the EPA, hyperinflation and the rest of the Socialist agenda that practically requires everyone to sit on their duff instead of working.....how is this possible?

     

    I know....the government is cooking the books again, and then forces the private sector to make up numbers about increased production, record earnings and hiring.

    [/QUOTE]

    Or, maybe, just maybe, despite those things, people finally put off buying a new car or appliance.

    significant growth, following a quarter of negative growth, generally indicates instability, not prosperity.

     
  8. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: 4% Growth For Q2

    In response to UserName9's comment:
    [QUOTE]

    In response to babytut's comment:
    [QUOTE]


    "With the combination of the economic Armageddon of ObamaCare, the War on Coal, the crushing regulatory blows of Dodd-Frank and the EPA, hyperinflation and the rest of the Socialist agenda that practically requires everyone to sit on their duff instead of working.....how is this possible?"

     

    it isn't.  it will be revised as always. 

    go check out yesterday's report on the dollar tree chain.  wild growth because nobody can afford to shop anywhere else.

    [/QUOTE]

    You mean like how they just revised Q1......upward?

    [/QUOTE]

    Uh, it was revised downwards:

    http://www.calculatedriskblog.com/2014/06/q1-gdp-revised-down-to-29-annual-rate.html" rel="nofollow">http://www.calculatedriskblog.com/2014/06/q1-gdp-revised-down-to-29-annual-rate.html

     

     
  9. You have chosen to ignore posts from slomag. Show slomag's posts

    Re: 4% Growth For Q2

    In response to ronreganfan's comment:
    [QUOTE]

    In response to UserName9's comment:
    [QUOTE]

    In response to babytut's comment:
    [QUOTE]


    "With the combination of the economic Armageddon of ObamaCare, the War on Coal, the crushing regulatory blows of Dodd-Frank and the EPA, hyperinflation and the rest of the Socialist agenda that practically requires everyone to sit on their duff instead of working.....how is this possible?"

     

    it isn't.  it will be revised as always. 

    go check out yesterday's report on the dollar tree chain.  wild growth because nobody can afford to shop anywhere else.

    [/QUOTE]

    You mean like how they just revised Q1......upward?

    [/QUOTE]

    Uh, it was revised downwards:

    http://www.calculatedriskblog.com/2014/06/q1-gdp-revised-down-to-29-annual-rate.html" rel="nofollow">http://www.calculatedriskblog.com/2014/06/q1-gdp-revised-down-to-29-annual-rate.html" rel="nofollow">http://www.calculatedriskblog.com/2014/06/q1-gdp-revised-down-to-29-annual-rate.html

     

    [/QUOTE]

    It was just revised up to -2.1%

     

     
  10. You have chosen to ignore posts from babytut. Show babytut's posts

    Re: 4% Growth For Q2

    In response to UserName9's comment:
    [QUOTE]

    In response to babytut's comment:
    [QUOTE]


    "With the combination of the economic Armageddon of ObamaCare, the War on Coal, the crushing regulatory blows of Dodd-Frank and the EPA, hyperinflation and the rest of the Socialist agenda that practically requires everyone to sit on their duff instead of working.....how is this possible?"

     

    it isn't.  it will be revised as always. 

    go check out yesterday's report on the dollar tree chain.  wild growth because nobody can afford to shop anywhere else.

    [/QUOTE]

    You mean like how they just revised Q1......upward?

    [/QUOTE]

    it is always revised.  in fact another revision will come on august 28th.  up-down-all-around. 

     
  11. You have chosen to ignore posts from UserName9. Show UserName9's posts

    Re: 4% Growth For Q2

    In response to ronreganfan's comment:
    [QUOTE]

    In response to UserName9's comment:
    [QUOTE]

    In response to babytut's comment:
    [QUOTE]


    "With the combination of the economic Armageddon of ObamaCare, the War on Coal, the crushing regulatory blows of Dodd-Frank and the EPA, hyperinflation and the rest of the Socialist agenda that practically requires everyone to sit on their duff instead of working.....how is this possible?"

     

    it isn't.  it will be revised as always. 

    go check out yesterday's report on the dollar tree chain.  wild growth because nobody can afford to shop anywhere else.

    [/QUOTE]

    You mean like how they just revised Q1......upward?

    [/QUOTE]

    Uh, it was revised downwards:

    http://www.calculatedriskblog.com/2014/06/q1-gdp-revised-down-to-29-annual-rate.html" rel="nofollow">http://www.calculatedriskblog.com/2014/06/q1-gdp-revised-down-to-29-annual-rate.html" rel="nofollow">http://www.calculatedriskblog.com/2014/06/q1-gdp-revised-down-to-29-annual-rate.html

     

    [/QUOTE]

    Q1 went from -2.9% to -2.1%

    When that little dash is in front of the number, that means the higher number is worse.

     

     

     
  12. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: 4% Growth For Q2

    In response to slomag's comment:
    [QUOTE]

    In response to ronreganfan's comment:
    [QUOTE]

    In response to UserName9's comment:
    [QUOTE]

    In response to babytut's comment:
    [QUOTE]


    "With the combination of the economic Armageddon of ObamaCare, the War on Coal, the crushing regulatory blows of Dodd-Frank and the EPA, hyperinflation and the rest of the Socialist agenda that practically requires everyone to sit on their duff instead of working.....how is this possible?"

     

    it isn't.  it will be revised as always. 

    go check out yesterday's report on the dollar tree chain.  wild growth because nobody can afford to shop anywhere else.

    [/QUOTE]

    You mean like how they just revised Q1......upward?

    [/QUOTE]

    Uh, it was revised downwards:

    http://www.calculatedriskblog.com/2014/06/q1-gdp-revised-down-to-29-annual-rate.html" rel="nofollow">http://www.calculatedriskblog.com/2014/06/q1-gdp-revised-down-to-29-annual-rate.html" rel="nofollow">http://www.calculatedriskblog.com/2014/06/q1-gdp-revised-down-to-29-annual-rate.html" rel="nofollow">http://www.calculatedriskblog.com/2014/06/q1-gdp-revised-down-to-29-annual-rate.html" rel="nofollow">http://www.calculatedriskblog.com/2014/06/q1-gdp-revised-down-to-29-annual-rate.html

     

    [/QUOTE]

    It was just revised up to -2.1%

     

    [/QUOTE]

    It started at .1%, was revised down to -2.9%, and revised once again at -2.1%. That's down from the original assessment, and way below the projected 1% growth for q1.

    However, if you want to claim victory for a GDP of -2.1%, then I'll gladly get out of your way.

     
  13. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: 4% Growth For Q2

    In response to UserName9's comment:
    [QUOTE]

    In response to ronreganfan's comment:
    [QUOTE]

    In response to UserName9's comment:
    [QUOTE]

    In response to babytut's comment:
    [QUOTE]


    "With the combination of the economic Armageddon of ObamaCare, the War on Coal, the crushing regulatory blows of Dodd-Frank and the EPA, hyperinflation and the rest of the Socialist agenda that practically requires everyone to sit on their duff instead of working.....how is this possible?"

     

    it isn't.  it will be revised as always. 

    go check out yesterday's report on the dollar tree chain.  wild growth because nobody can afford to shop anywhere else.

    [/QUOTE]

    You mean like how they just revised Q1......upward?

    [/QUOTE]

    Uh, it was revised downwards:

    http://www.calculatedriskblog.com/2014/06/q1-gdp-revised-down-to-29-annual-rate.html" rel="nofollow">http://www.calculatedriskblog.com/2014/06/q1-gdp-revised-down-to-29-annual-rate.html" rel="nofollow">http://www.calculatedriskblog.com/2014/06/q1-gdp-revised-down-to-29-annual-rate.html" rel="nofollow">http://www.calculatedriskblog.com/2014/06/q1-gdp-revised-down-to-29-annual-rate.html" rel="nofollow">http://www.calculatedriskblog.com/2014/06/q1-gdp-revised-down-to-29-annual-rate.html

     

    [/QUOTE]

    Q1 went from -2.9% to -2.1%

    When that little dash is in front of the number, that means the higher number is worse.

     

     

    [/QUOTE]

    So, the original .1% estimate, or the 1% expectation is what? Irrelevant so you can claim some sort of victory for shrinking the economy by ONLY -2.1%?

    don't let me stop you.

     
  14. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Re: 4% Growth For Q2

    In response to UserName9's comment:
    [QUOTE]

    With the combination of the economic Armageddon of ObamaCare, the War on Coal, the crushing regulatory blows of Dodd-Frank and the EPA, hyperinflation and the rest of the Socialist agenda that practically requires everyone to sit on their duff instead of working.....how is this possible?

    [/QUOTE]


    It is a minor miracle...the private sector has incredible flexibility and ingenuity, it can't be totally crushed by the Statists,  no matter how hard they try....but ObamaCare will only get worse and will work as a tremendous burden to stifle any real growth... 

     
  15. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: 4% Growth For Q2

    In response to ComingLiberalCrackup's comment:


    In response to UserName9's comment:
    [QUOTE]


    With the combination of the economic Armageddon of ObamaCare, the War on Coal, the crushing regulatory blows of Dodd-Frank and the EPA, hyperinflation and the rest of the Socialist agenda that practically requires everyone to sit on their duff instead of working.....how is this possible?





    It is a minor miracle...the private sector has incredible flexibility and ingenuity, it can't be totally crushed by the Statists,  no matter how hard they try....but ObamaCare will only get worse and will work as a tremendous burden to stifle any real growth... 


    [/QUOTE]

    So true, CLC.


    the progressives scream and caterwaul how capitalism just won't work, and when it does, they try to claim their onerous taxation and regulation is the reason for the success.


    best part is Username celebrating Obama only killing off-2.1% of the economy instead of -2.6% in q1. I say break out the Shlitz and let's party! All's good!


     

     
  16. You have chosen to ignore posts from Sistersledge. Show Sistersledge's posts

    Re: 4% Growth For Q2

    Think what America could look like if it wasn't for those ........ , never mind I don't feel like arguing .

     
  17. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: 4% Growth For Q2

    In response to Sistersledge's comment:
    [QUOTE]

    Think what America could look like if it wasn't for those ........ , never mind I don't feel like arguing .

    [/QUOTE]

    Your argument would be:
    2% average since Obama took office. The bad quarters were due to Bush, the good quarters were due to Obama.

    glad to help out.

     
  18. You have chosen to ignore posts from Sistersledge. Show Sistersledge's posts

    Re: 4% Growth For Q2

    In response to ronreganfan's comment:
    [QUOTE]

    In response to Sistersledge's comment:
    [QUOTE]

    Think what America could look like if it wasn't for those ........ , never mind I don't feel like arguing .

    [/QUOTE]

    Your argument would be:
    2% average since Obama took office. The bad quarters were due to Bush, the good quarters were due to Obama.

    glad to help out.

    [/QUOTE]

    That wouldn't be my argument ... I think I would ask a question like .. Mr Boehner why are you suing the President instead of putting your time to good use and concentrating on a job bill ?

     
  19. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: 4% Growth For Q2

    I'm surprised.  I was expecting the righties to be besides themselves with fear of inflation.

     
  20. You have chosen to ignore posts from StalkingButler. Show StalkingButler's posts

    Re: 4% Growth For Q2

    In response to DirtyWaterLover's comment:
    [QUOTE]

    I'm surprised.  I was expecting the righties to be besides themselves with fear of inflation.

    [/QUOTE]


    I think we'll just wait for a couple of months when they'll come back and say, "hey, remember that 4% we were talking about? Well, not so much..."

     

     
  21. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: 4% Growth For Q2

    In response to DirtyWaterLover's comment:
    [QUOTE]

    I'm surprised.  I was expecting the righties to be besides themselves with fear of inflation.

    [/QUOTE]

    Covered in another thread, that inflation is grossly understated by the CPI.

    which reminds me: the rate of growth in the economy is not the only contributor to inflation.  At the current rate, about 2%, very little of that translates into the type of shock inflation we are seeing in fuel prices and food.

     
  22. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: 4% Growth For Q2

    In response to StalkingButler's comment:
    [QUOTE]

    In response to DirtyWaterLover's comment:
    [QUOTE]

    I'm surprised.  I was expecting the righties to be besides themselves with fear of inflation.

    [/QUOTE]


    I think we'll just wait for a couple of months when they'll come back and say, "hey, remember that 4% we were talking about? Well, not so much..."

     

    [/QUOTE]

    Remember that the GDP calculation does not accept for borrowed spending, so the trillion or so  the government borrows and spreads around various constituencies overstates GDP significantly.  My analysis is the generally speaking there has actually been slightly negative growth in the economy since 2005, and not much positive before that, back to 2000 or so.

     
  23. You have chosen to ignore posts from slomag. Show slomag's posts

    Re: 4% Growth For Q2

    In response to ronreganfan's comment:
    [QUOTE]

    In response to StalkingButler's comment:
    [QUOTE]

    In response to DirtyWaterLover's comment:
    [QUOTE]

    I'm surprised.  I was expecting the righties to be besides themselves with fear of inflation.

    [/QUOTE]


    I think we'll just wait for a couple of months when they'll come back and say, "hey, remember that 4% we were talking about? Well, not so much..."

     

    [/QUOTE]

    Remember that the GDP calculation does not accept for borrowed spending, so the trillion or so  the government borrows and spreads around various constituencies overstates GDP significantly.  My analysis is the generally speaking there has actually been slightly negative growth in the economy since 2005, and not much positive before that, back to 2000 or so.

    [/QUOTE]

    Of course - GDP growth is meaningless, just like inflation rates and unemployment numbers.  The only thing that matters to brilliant economic minds like RRF here is that gasoline cost $1.80 for 5 minutes in early 2009.  Based on that fact, it's pretty obvious the world is coming to an end and it's Obama's fault.  Class dismissed.

     

     
  24. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: 4% Growth For Q2

    In response to slomag's comment:
    [QUOTE]

    In response to ronreganfan's comment:
    [QUOTE]

    In response to StalkingButler's comment:
    [QUOTE]

    In response to DirtyWaterLover's comment:
    [QUOTE]

    I'm surprised.  I was expecting the righties to be besides themselves with fear of inflation.

    [/QUOTE]


    I think we'll just wait for a couple of months when they'll come back and say, "hey, remember that 4% we were talking about? Well, not so much..."

     

    [/QUOTE]

    Remember that the GDP calculation does not accept for borrowed spending, so the trillion or so  the government borrows and spreads around various constituencies overstates GDP significantly.  My analysis is the generally speaking there has actually been slightly negative growth in the economy since 2005, and not much positive before that, back to 2000 or so.

    [/QUOTE]

    Of course - GDP growth is meaningless, just like inflation rates and unemployment numbers.  The only thing that matters to brilliant economic minds like RRF here is that gasoline cost $1.80 for 5 minutes in early 2009.  Based on that fact, it's pretty obvious the world is coming to an end and it's Obama's fault.  Class dismissed.

     

    [/QUOTE]

    I didn't say is was meaningless. Stop being such a dope.  What I said is that it is overstated, and has been for years, well back into the Bush administration.

    you are a hyper partisan, unwilling to look at what Obama has done to participate in the destruction of this country.  Everything he does according to you is either Bush's fault or sunshine and rainbows.

     
  25. You have chosen to ignore posts from slomag. Show slomag's posts

    Re: 4% Growth For Q2

    In response to ronreganfan's comment:
    [QUOTE]

    In response to slomag's comment:
    [QUOTE]

    In response to ronreganfan's comment:
    [QUOTE]

    In response to StalkingButler's comment:
    [QUOTE]

    In response to DirtyWaterLover's comment:
    [QUOTE]

    I'm surprised.  I was expecting the righties to be besides themselves with fear of inflation.

    [/QUOTE]


    I think we'll just wait for a couple of months when they'll come back and say, "hey, remember that 4% we were talking about? Well, not so much..."

     

    [/QUOTE]

    Remember that the GDP calculation does not accept for borrowed spending, so the trillion or so  the government borrows and spreads around various constituencies overstates GDP significantly.  My analysis is the generally speaking there has actually been slightly negative growth in the economy since 2005, and not much positive before that, back to 2000 or so.

    [/QUOTE]

    Of course - GDP growth is meaningless, just like inflation rates and unemployment numbers.  The only thing that matters to brilliant economic minds like RRF here is that gasoline cost $1.80 for 5 minutes in early 2009.  Based on that fact, it's pretty obvious the world is coming to an end and it's Obama's fault.  Class dismissed.

     

    [/QUOTE]

    I didn't say is was meaningless. Stop being such a dope.  What I said is that it is overstated, and has been for years, well back into the Bush administration.

    you are a hyper partisan, unwilling to look at what Obama has done to participate in the destruction of this country.  Everything he does according to you is either Bush's fault or sunshine and rainbows.

    [/QUOTE]

    No - I'm willing to accept a critique of Obama if it's well-founded.   But every time we start looking at numbers they contradict you, and rather than re-thinking your position, you come up with a reason that the numbers are invalid. This isn't once in a while - it's post after post, the same pattern.  

     

Share