Strong Third Quarter Growth

View previous topic View next topic Go down

Strong Third Quarter Growth

Post  News Buzzard on Tue Dec 23, 2014 7:52 am

GDP gains better than 4% and the 6 months between April and September have been the strongest in over a decade:

http://finance.yahoo.com/news/ahead-bell-us-economy-gdp-110951643.html

_________________
(Hillary) Bernie in 2016! Very Happy
avatar
News Buzzard

Posts : 3091
Reputation : 4
Join date : 2013-02-01

View user profile

Back to top Go down

Re: Strong Third Quarter Growth

Post  Outerlimits on Tue Dec 23, 2014 1:05 pm

Financial headlines printed by the same people that print the currency. Laughing

"...The increase in real GDP in the third quarter primarily reflected positive contributions from PCE, nonresidential fixed investment, federal government spending, exports, state and local government spending, and residential fixed investment. ..."

More than 50% of the actual GDP dollars are in Federal Government spending:

Federal Governement spending increased near 10% compared to -.9 %.
Defense spending increased 16% compared to .9%
avatar
Outerlimits

Posts : 933
Reputation : 1
Join date : 2013-01-14

View user profile

Back to top Go down

Re: Strong Third Quarter Growth

Post  News Buzzard on Tue Dec 23, 2014 3:45 pm

The third quarter growth was the strongest in 11 years:

http://finance.yahoo.com/news/u-third-quarter-growth-revised-133744085.html

But why are the Republicans silent on the issue? The answer is easy; they have been trying to scuttle the economy since Obama took office and it's not working!!

http://www.msnbc.com/rachel-maddow-show/gop-greets-economic-news-total-silence

Very Happy

_________________
(Hillary) Bernie in 2016! Very Happy
avatar
News Buzzard

Posts : 3091
Reputation : 4
Join date : 2013-02-01

View user profile

Back to top Go down

Re: Strong Third Quarter Growth

Post  Outerlimits on Tue Dec 23, 2014 4:47 pm

I am sure some Republicans will thank the people for changing congress and reversing the Pelosi Reid endeavor.   Very Happy  Very Happy  Very Happy

But seriously…

Russia, Japan and the EU are all in a recession and China is now the #1 economy. The US economy has grown slower than the US population under Obama.  Not seeing any reason to break out the party hats.

What has Obama done to improve the economic climate in this country? His actions have created uncertainty and have had a punitive effect on small business.  

With each prior recession in our history; the greater the severity of the recession, the stronger the economic recovery.  Not this time.

This so called "recovery" is all Obama's and it's nothing more that a partisan media driven lie.
avatar
Outerlimits

Posts : 933
Reputation : 1
Join date : 2013-01-14

View user profile

Back to top Go down

Re: Strong Third Quarter Growth

Post  News Buzzard on Tue Dec 23, 2014 6:53 pm

You just don't want to accept the fact that the economy is growing on Obama's watch:

http://www.businessinsider.com/closing-bell-dec-23-2014-2014-12

_________________
(Hillary) Bernie in 2016! Very Happy
avatar
News Buzzard

Posts : 3091
Reputation : 4
Join date : 2013-02-01

View user profile

Back to top Go down

Re: Strong Third Quarter Growth

Post  News Hawk on Tue Dec 23, 2014 7:13 pm

I've seen it written:

For every 1 cent reduction in oil prices, it adds $1 billion in discretionary spending to the economy...

News Buzzard wrote:The third quarter growth was the strongest in 11 years:

One major cost to commuters has nearly been halved.

Thanks, Saudi Arabia!

cheers


.

_________________
..."The beauty of being a liberal is that history always begins this morning..."
avatar
News Hawk

Posts : 7959
Reputation : 9
Join date : 2013-01-16
Location : Winnipesaukee & Florida

View user profile http://bwolfeboro.runboard.com/f2

Back to top Go down

The British point of view

Post  obervantone on Wed Dec 24, 2014 10:43 am

US economy growing at faster pace
Last updated Dec 23, 2014, 9:48 AM EST


The US economy has grown faster than previously forecast thanks to stronger consumer and business spending
The US economy grew at an annual rate of 5% in the third quarter, its fastest pace for 11 years, official figures suggest.

The US Commerce Department said GDP rose faster than the previous estimate of 3.9% for the July-to-September period, boosted by stronger consumer and business spending.

This was the fastest rate of growth since the third quarter of 2003.

The strong figure builds on the second-quarter growth rate of 4.6%.

Much of the third quarter growth came from consumer spending, which accounts for around two-thirds of US economic activity. Consumer spending grew at an annual pace of 3.2%, the fastest since the fourth quarter of 2013.

Growth in business investment was raised to a rate of 8.9% from an earlier estimate of 7.1%. There was a stronger pace of spending than previously thought on equipment, intellectual property products and non-residential structures.

After two strong quarters for the US economy, economists predict that growth will slow to an annual rate of around 2.5% in the current October-December quarter.

But they predict growth of about 3% in 2015, which would be the fastest pace since 2005.

Jobs and spending
The US economy has struggled to regain its pre-2007 vigour following the global economic downturn, which was precipitated by the US subprime mortgage crisis.

After the recession in the US ended in 2009, growth struggled to return to its previous levels. Growth has averaged about 2.2% annually, compared with 3.3% growth in 2005.

However, analysts think US growth is set to accelerate as businesses become more confident about taking on employees.

The US unemployment rate was 5.8% in November. With more people working, solid gains are expected in consumer spending.

It is widely anticipated that the US central bank, the Federal Reserve, will begin raising interest rates in 2015.

BBC © 2014

_________________
America is one nation under God, indivisible, with liberty and justice for all. Not just for people who look or worship a certain way.
avatar
obervantone

Posts : 709
Reputation : 0
Join date : 2013-04-10

View user profile

Back to top Go down

Re: Strong Third Quarter Growth

Post  News Buzzard on Wed Dec 24, 2014 11:02 am

All good news, OO!

_________________
(Hillary) Bernie in 2016! Very Happy
avatar
News Buzzard

Posts : 3091
Reputation : 4
Join date : 2013-02-01

View user profile

Back to top Go down

More from across the pond

Post  obervantone on Wed Dec 24, 2014 1:29 pm

Economic data cheers up US markets
Last updated 3 hours ago

The Dow Jones edged higher on Wednesday morning, after closing at an all-time high of 18,024 on Tuesday afternoon.

The index rose 0.22% to 18,064, as investors were further encouraged by news that the US economy had grown at its fastest rate in 11 years.

The larger S&P 500 rose by 0.14% to 2,085, while the tech-heavy Nasdaq gained 0.30% to 4,780.

Trading in New York will end early, due to the Christmas holidays.

US stocks have been gaining steadily since the country's central bank, the Federal Reserve, said last week that it would be "patient" before raising interest rates.

In further good news for the US economy, data released on Wednesday found that the number of Americans claiming unemployment benefits fell by 9,000 to 280,000 last week.

Markets in the US were also buoyed by a further fall in the price of oil, which is seen as good news for the country's consumers.

Brent crude dropped below $60 per barrel once again, falling more than 3% to $59.86.

BBC © 2014

_________________
America is one nation under God, indivisible, with liberty and justice for all. Not just for people who look or worship a certain way.
avatar
obervantone

Posts : 709
Reputation : 0
Join date : 2013-04-10

View user profile

Back to top Go down

Re: Strong Third Quarter Growth

Post  News Hawk on Tue Dec 30, 2014 8:47 am

News Buzzard wrote:All good news, OO!

Food For Thought

If you can get arrested for hunting or fishing without a license, but not for being in the country illegally, you live in a country run by idiots.

If you have to get your parents' permission to go on a field trip or take an aspirin in school, but not to get an abortion, you live in a country run by idiots.

If you have to show identification to board an airplane, cash a check, buy liquor or check out a library book, but not to vote on who runs the government, you live in a country run by idiots.

If, in the largest city, you can buy two 16-ounce sodas, but not a 24-ounce soda because 24-ounces of a sugary drink might make you fat, you live in a country run by idiots.

If an 80-year-old woman can be stripped searched by the TSA but a woman in a hijab is only subject to having her neck and head searched, you live in a country run by idiots.

If your government believes that the best way to eradicate trillions of dollars of debt is to spend trillions more, you live in a country run by idiots.

If a seven year old boy can be thrown out of grade school for saying his teacher is "cute," but hosting a sexual exploration class in grade school is perfectly acceptable, you live in a country run by idiots.

If hard work and success are met with higher taxes and more government intrusion, while not working is rewarded with EBT cards, WIC checks, Medicaid, subsidized housing and free cell phones, you live in a country run by idiots.

If the government's plan for getting people back to work is to incentivize NOT working, with 99 weeks of unemployment checks and no requirement to prove they applied but can't find work, you live in a country run by idiots.

If being stripped of the ability to defend yourself makes you more "safe" according to the government, you live in a country run by idiots.

If you are offended by this article, you probably voted for the idiots who are running our country into the ground.
Gruber is counting on you!

Exclamation


.

_________________
..."The beauty of being a liberal is that history always begins this morning..."
avatar
News Hawk

Posts : 7959
Reputation : 9
Join date : 2013-01-16
Location : Winnipesaukee & Florida

View user profile http://bwolfeboro.runboard.com/f2

Back to top Go down

Re: Strong Third Quarter Growth

Post  Sponsored content


Sponsored content


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum