4th quarter GDP

Discussion in 'Economy' started by DavidS, Jan 27, 2009.

  1. DavidS
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    DavidS Anti-Tea Party Member

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    Place your bets here on just how badly the 4th quarter did.

    Right now, they they're expecting a contraction of 5.5% according to marketwatch.com

    http://www.marketwatch.com/news/story/economy-free-fall-fourth-quarter/story.aspx?guid={D87827B0-F739-42A7-A123-AEB36F40D99B}&dist=msr_4

    I'm going to say it's worse than that. There were no retail sales to even discuss after black friday. So I'm going to say that it's 6.2%. Anyone else? Over/under?
     
  2. editec
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    editec Mr. Forgot-it-All

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    Not a clue.

    Things are going from very bad to absolutely horrible though.
     
  3. cunclusion
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    cunclusion Member

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    I think the contraction will be worse than expected most likely slightly lower than you stated but not by much and thats being optimistic.
     
  4. Paulie
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    Paulie Platinum Member

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    Yeah, let's make a game out of it. I mean, it's hilarious as it is, right?

    Give me a parlay on 4th quarter '08 and 1st quarter '09. 6% and 5.7%.

    I like the sucker bets.
     
  5. DavidS
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    DavidS Anti-Tea Party Member

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    Well, here we go. 12 minutes until the GDP report. It's going to be the worst since Reagan. In 26 years. They're estimating -5.4%.
     
  6. Ravi
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    Ravi Diamond Member

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    Sounds like a good time for a stimulus plan.
     
  7. DavidS
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    DavidS Anti-Tea Party Member

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    Down 3.8%. Nowhere near as bad as expected, but it is still a two-quarter-in-a-row negative GDP.
     
  8. Toro
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    Toro Diamond Member

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    Yeah, it came in better than expected but that was because there was an inventory build. If there wasn't an inventory build, GDP would have been -5.1%, still better than expected but not as good as the headline number suggests.
     
  9. wimpy77
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    wimpy77 Member

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    1st quarter report isn't going to be pretty.
     
  10. Toro
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    Toro Diamond Member

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    Could be as bad as the last one.
     

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