2012 q2 gdp = 1.5%

[Trajan]

this was the first article that came up when I goggled GDP Q2 2012....love the schizophrenic'esque' title of the article.... you're screwed but, its was a good screw..!!

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U.S. Economy Falls Into Slump: Q2 GDP Grows By 1.5%, Beating Expectations


U.S. Economy Falls Into Slump: Q2 GDP Grows By 1.5%, Beating Expectations - Forbes


last year sequentially, 1.3 revised to 1.0.

either way we are aren't going anywhere fast.

 

[william the wie]

Actually we are going down.

 

[AquaAthena]

this was the first article that came up when I goggled GDP Q2 2012....love the schizophrenic'esque' title of the article.... you're screwed but, its was a good screw..!!

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U.S. Economy Falls Into Slump: Q2 GDP Grows By 1.5%, Beating Expectations


U.S. Economy Falls Into Slump: Q2 GDP Grows By 1.5%, Beating Expectations - Forbes


last year sequentially, 1.3 revised to 1.0.

either way we are aren't going anywhere fast.

OBAMA built that.

 

[Norman]

this was the first article that came up when I goggled GDP Q2 2012....love the schizophrenic'esque' title of the article.... you're screwed but, its was a good screw..!!

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U.S. Economy Falls Into Slump: Q2 GDP Grows By 1.5%, Beating Expectations


U.S. Economy Falls Into Slump: Q2 GDP Grows By 1.5%, Beating Expectations - Forbes


last year sequentially, 1.3 revised to 1.0.

either way we are aren't going anywhere fast.

What kind of inflation numbers were used to calculate this?

 

[Zander]

Obama says his policies are working and the private sector is doing fine.

 

[Wiseacre]

1.5% instead of 1.2%, BFD. Hard to paint that in any kind of positive light.

 

[Zander]

Wait'll Sept. September is the month for vomit inducing bad news on the economic front. Almost all the bad shit that happens, happens in Sept....for instance...

Panic of 1907 - started in SEPT!!!
Black Friday - Sept!!
Black Weds - SEPT!!
9/11 - dah!!!
Stock crash of 2002 - started in SEPT!!
2007-2009 Bear market - started in SEPT!!
2008 financial meltdown started in...SEPT!!

Sept 2012- epic financial meltdown ????

 

[ScienceRocks]

You have to go back to the 1930's(great depression) to find worse than what we're having now for the length and depth, we're seeing. The 1980's didn't last as long with the intensity as the Obama economy. True, the depth at one point may of been slightly deeper, but the length of this one is mind blowing.

 

[B. Kidd]

Sept 2012- epic financial meltdown ????

Not this year. Maybe Sept. 2013.

 

[RoadVirus]

Obama's response: Bush's fault.

 

[Wiseacre]

Sept 2012- epic financial meltdown ????

Not this year. Maybe Sept. 2013.

Oh, I don't know, he's saying that historically September has not been kind. Could be a bad month for us, or maybe not. But I see no reason to think things are going to improve a whole lot either, and plenty of reasons to think things could turn to shit.

 

[Zander]

Sept 2012- epic financial meltdown ????

Not this year. Maybe Sept. 2013.

We'll see over the next 63 days ....

 

[B. Kidd]

Sept 2012- epic financial meltdown ????

Not this year. Maybe Sept. 2013.

We'll see over the next 63 days ....

You just had to bring up the month of September, didn't you?
Europe melts down this September?
Some think so.

Why Europe Could Crumble On Sept. 12th - Seeking Alpha

 

[Zander]

not this year. Maybe sept. 2013.

we'll see over the next 63 days ....

you just had to bring up the month of september, didn't you?
Europe melts down this september?
Some think so.

why europe could crumble on sept. 12th - seeking alpha

eek!!!!

 

[Mad Scientist]

So the Economy grew 1.5%? What a relief!

Now I can stop buying all that Gold and Silver.

 

[there4eyeM]

Is it ever going to be accepted that this kind of 'growth' is not only deceptively determined, but, more important, unsustainable? Economic balance is the only forward path. Basing everything on this kind of 'growth' is the most certain road to ruin.

 

[B. Kidd]

Is it ever going to be accepted that this kind of 'growth' is not only deceptively determined, but, more important, unsustainable? Economic balance is the only forward path. Basing everything on this kind of 'growth' is the most certain road to ruin.

Yes. 'Unsustainable' is the key word here.

 

[ScienceRocks]

Is it ever going to be accepted that this kind of 'growth' is not only deceptively determined, but, more important, unsustainable? Economic balance is the only forward path. Basing everything on this kind of 'growth' is the most certain road to ruin.

We can't stay stable as our population is growing. The unemployment rate will naturally grow larger without a constant growth of the economic system.

A better way forward is to spend money on building our nation like China. They have the right idea.

 

[Norman]

Is it ever going to be accepted that this kind of 'growth' is not only deceptively determined, but, more important, unsustainable? Economic balance is the only forward path. Basing everything on this kind of 'growth' is the most certain road to ruin.

Nope, because it isn't unsustainable. How is "everything" based on growth? I don't get what you are saying. I do agree that many forecasts are based on growth, andd that may be a problem because the growth may in fact be negative because the horrific state of the economy. Thus basing the deficit spending on "growth" is.... 2008 all over again.

 

[uscitizen]

Why worry? The world is ending 12-21 anyway.