Second Quarter Growth Surges

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Second Quarter Growth Surges

Post  News Buzzard on Fri Sep 26, 2014 1:37 pm

The economy grew at a rate of 4.6% in the second Quarter:

http://www.washingtonpost.com/business/economy-grew-at-46-percent-rate-in-april-june/2014/09/26/9136ab74-4579-11e4-8042-aaff1640082e_story.html

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Re: Second Quarter Growth Surges

Post  News Hawk on Fri Sep 26, 2014 8:13 pm

News Buzzard wrote:The economy grew at a rate of 4.6% in the second Quarter:

What'd you expect after six+ years of incompetence?

scratch


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Re: Second Quarter Growth Surges

Post  WHL on Sat Sep 27, 2014 7:31 am

And next month or the month after they will revise it.
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Re: Second Quarter Growth Surges

Post  News Hawk on Sat Sep 27, 2014 7:19 pm

WHL wrote:And next month or the month after they will revise it.  

I predict, the revision will come "as a surprise" to the Media.

Evil or Very Mad


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Re: Second Quarter Growth Surges

Post  WHL on Sun Sep 28, 2014 7:44 am

Yes as it does every single time. Laughing
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Bush's Fault...

Post  News Hawk on Thu Mar 26, 2015 6:47 am

News Buzzard wrote:The economy grew at a rate of 4.6% in the second Quarter:

http://www.washingtonpost.com/business/economy-grew-at-46-percent-rate-in-april-june/2014/09/26/9136ab74-4579-11e4-8042-aaff1640082e_story.html

Fed Now Sees Only 0.2% GDP Growth In Q1


From almost 2.5% GDP growth expectations in February, The Atlanta Fed's GDPNow model has now collapsed its estimates of Q1 GDP growth to just 0.2% - plunging from +1.4% just 2 weeks ago.

The reality of plunging capex and no decoupling is starting to rear its ugly head in the hard data and as the sun warms things up, weather will start to lose its ability to sway sentiment. While sell-side consensus has dropped (Goldman, Morgan Stanley, and Barclays all cut today following Durable goods), it remains unable to quite accept the reality of massively weaker than expected macro data evident everywhere (except in the soft-survey PMI data).
Zero Hedge

Even the faked numbers are bad!

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Re: Second Quarter Growth Surges

Post  News Hawk on Sat Apr 04, 2015 3:32 pm


Just When You Thought The Obama Economy Can't Get Any Worse,
It's Getting A Lot Worse


"...Consumer spending barely rose by a minuscule 0.1 percent in March, following a 0.2 percent decline in both January and February, the Commerce Department said.

If anyone, besides Obama, thinks people are feeling more confident about this economy, the latest poll by the Gallup organization should disabuse them of that.

This week, it asked Americans if this statement applied to them: "In the last seven days you have worried about money." Over a third of those polled said it did.

That's not hard to understand when economic data last month showed that wages barely rose and for very many Americans, good, full-time jobs were still hard to find.

Forget those phony, seasonally-adjusted job numbers that come out of the Labor Department which refuses to count millions of discouraged workers -- who've stopped looking for a few weeks -- as unemployed..."
townhall

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Re: Second Quarter Growth Surges

Post  WHL on Sat Apr 04, 2015 5:58 pm

And the jobs report was terrible too. They revised the last one drastically as well. Where is NB to brag about that? I think he is off on a pout. It gets mighty quiet on here without him though. Seems it's just you and me. We might as well email if the others aren't going to post.
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Re: Second Quarter Growth Surges

Post  News Hawk on Sun Apr 05, 2015 7:52 pm

WHL wrote:And the jobs report was terrible too.  They revised the last one drastically as well.  Where is NB to brag about that?  I think he is off on a pout.  It gets mighty quiet on here without him though.  Seems it's just you and me.  We might as well email if the others aren't going to post.

NB knows there's a limit to which you can fool the people...As the days pass by, more and more views come to be registered.

The Numbers That Matter Most from the Jobs Report...

Our attention is often focused on the wrong things. The labor market headlines, as usual, are focused on job growth and the unemployment rate. Employers added just 126,000 jobs in March, which, together with a reduction of 69,000 in the job creation estimates for January and February, suggests that the pace of recovery is slower than previously thought. Nevertheless, with the unemployment rate steady at 5.5 percent — just fractions of a percentage point above its pre-recession norm — many policymakers and commentators remain convinced the economy is heating up.

Wrong. Instead, as I and others have argued, the unemployment rate, considered in isolation, gives us an incomplete and misleading impression of the labor market’s health because it counts only those people who are out of work and say they are actively searching for a job.

Related: The Middle Class Is Struggling in All 50 States​​

What it leaves out are the millions of Americans who are categorized as “not in the labor force” — that is, unemployed, but report not looking for work. As it turns out, approximately 2 million of these so-called non-participants find jobs in a given month, or about the same number of new hires as there are among the officially unemployed, and a clear indication that the unemployment rate does not capture the full universe of labor market hardship.

In Easter terms, its equivalent to thinking today is all about a magical bunny delivering candy and pastel colored eggs to excited children, while leaving out the deeper, spiritual story of sacrifice and suffering, of faith and forgiveness, of redemption, renewal and rebirth.

It doesn’t have to be this way. There is another indicator, the employment-population (E-P) ratio, that provides a more complete picture of the labor market — and it’s right there in the jobs report, albeit below the fold. Instead of focusing on a subset of who isn’t working, the E-P ratio tells us who is: the share of the adult population that is employed. In other words, it adjusts the unemployment rate for labor force participation. If you want to calculate it, all you have to do is subtract the unemployment rate from 100 and multiply it by the participation rate (assuming all the indicators are measured in percents).
http://www.thefiscaltimes.com/Columns/2015/04/05/Numbers-Matter-Most-Jobs-Report
We're being grubered--as we thought...

Evil or Very Mad
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Re: Second Quarter Growth Surges

Post  WHL on Mon Apr 06, 2015 10:36 am

You know the numbers are fixed when they are that far off.
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Re: Second Quarter Growth Surges

Post  Outerlimits on Mon Apr 06, 2015 2:50 pm

It is all predictable and predictability is what they are all about.

Obama's forte is not economics, foreign policy, race relations, government transparency, the US Constitution or promise keeping.

He is good at making promises he does not keep though. That he excels at. Very Happy

Even with the help of his guru, Jon Corzine, Goldman sacks alum who, cough, cough, turned around NJ's economy as governor and when questioned about the missing billions under his control, he had no idea where it went. Shocked

Apparently that answer was just fine.

So the current economy was easily predicted. It is swirling around in an eddy waiting for Obama to be gone and a republican president to take charge.
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Re: Second Quarter Growth Surges

Post  WHL on Mon Apr 06, 2015 4:13 pm

It is so so important that we don't get another dem in!!!and I hope we don't get a rino!!
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