Economy estimated to grow 3% in 2010

[topspin]

The consensus estimates for US GDP for all of 2010
are in the 2.5% – 3.5% range

http://www.wealthstone.net/pdf/Quarterly Research Report.pdf

 

[rdean]

And when Bush left office, it was shrinking by 6%.

 

[driveby]

puff puff give .....

 

[Zander]

We can hope for it, but I am not optimistic. There is too much fear and uncertainty amongst bussinessmen and investors. I expect we'll tread water for a while before we head downward. The largest tax increase in history hits in January......
good luck!

 

[Jeremy]

*cough, cough, ....eeer yur turn*


Consumer confidence down 9.8% in June 2010.
Consumer Data | The Conference Board

 

[topspin]

Intel stellar earnings. Alcoa earnings way up

 

[william the wie]

We can hope for it, but I am not optimistic. There is too much fear and uncertainty amongst bussinessmen and investors. I expect we'll tread water for a while before we head downward. The largest tax increase in history hits in January......
good luck!

Laffer and other economists are claiming that those taxes are shifting future income (growth) into this year, you disagree. I think you may be right but I was wondering what facts brought you to that conclusion?

 

[Mad Scientist]

The consensus estimates for US GDP for all of 2010
are in the 2.5% – 3.5% range
http://www.wealthstone.net/pdf/Quarterly Research Report.pdf

Congratulations! That should translate into Democrat gains in both the House and Senate this november right?

 

[Zander]

We can hope for it, but I am not optimistic. There is too much fear and uncertainty amongst bussinessmen and investors. I expect we'll tread water for a while before we head downward. The largest tax increase in history hits in January......
good luck!

Laffer and other economists are claiming that those taxes are shifting future income (growth) into this year, you disagree. I think you may be right but I was wondering what facts brought you to that conclusion?

check this article out - he explains my feeling almost perfectly....it's about a 10 minute read, but well worth it. Recession, Deflation and Deficits - John Mauldin's Outside the Box - InvestorsInsight.com | Financial Intelligence, Advice & Research / Investment Strategies & Planning for Individual Investors.

 

[topspin]

The consensus estimates for US GDP for all of 2010
are in the 2.5% – 3.5% range
http://www.wealthstone.net/pdf/Quarterly Research Report.pdf

Congratulations! That should translate into Democrat gains in both the House and Senate this november right?

to a simpleton like you it might, I read so I know the party in power loses seats almost all the time. It will keep it from being a total collapse.

 

[william the wie]

We can hope for it, but I am not optimistic. There is too much fear and uncertainty amongst bussinessmen and investors. I expect we'll tread water for a while before we head downward. The largest tax increase in history hits in January......
good luck!

Laffer and other economists are claiming that those taxes are shifting future income (growth) into this year, you disagree. I think you may be right but I was wondering what facts brought you to that conclusion?

check this article out - he explains my feeling almost perfectly....it's about a 10 minute read, but well worth it. Recession, Deflation and Deficits - John Mauldin's Outside the Box - InvestorsInsight.com | Financial Intelligence, Advice & Research / Investment Strategies & Planning for Individual Investors.

I agree with the writer for the next 6 months but I consider the implied 1 year projections somewhat pollyannish.

a) income shifting is not sufficient to sweep all problems under the rug.

b) ignoring the possibility of exogenous shock such as major problems in the far east and Europe when those problems are already baked into the budgets of those major trading partners will upset conventional forecasts.

c) The lameduck legislative session dealing with entitlements will be a disaster in 2011.

d) The January tax increases already in train have a probability of 10-50% of actually destroying the Democratic party when combined with the possibly flawed census and the certainly mis-spun management of it. That will have major economic effects.

Thanks for the heads up a very well written analysis.

 

[Terral]

Hi Top:

Economy estimated to grow 3% in 2010

The consensus estimates for US GDP for all of 2010
are in the 2.5% – 3.5% range

http://www.wealthstone.net/pdf/Quarterly%20Research%20Report.pdf

[ame=http://www.youtube.com/watch?v=xx-7yLkRdUo]The Govt Is LYING[/ame]

GL,

Terral

 

[The Rabbi]

Even the Fed is predicting slow growth.
Fed Sees Slower Growth - WSJ.com

 

[Skull Pilot]

The consensus estimates for US GDP for all of 2010
are in the 2.5% – 3.5% range

http://www.wealthstone.net/pdf/Quarterly Research Report.pdf

Just like health care reform was estimated to not add one thin dime to the deficit????

 

[topspin]

was that a gov estimate or business economist. Big difference

 

[Neubarth]

The consensus estimates for US GDP for all of 2010
are in the 2.5% – 3.5% range

http://www.wealthstone.net/pdf/Quarterly Research Report.pdf

Is that more or less than the rate of increase in Government program spending?