Economy still collapsing at app. 6% a year.

[Neubarth]

It is still crashing and crashing. When is this stimulus package supposed to kick in?

 

[wimpy77]

the bulk of is not supposed to kick in until next year, the bulk of the money wasn't allocated for this year like it should have been. most economist expect a 2% decline this year. the gdp forecast was upgrade from 6.1% to 5.7%. it will be revised again.

 

[Metternich]

The budget was not supposed to kick in till this year, but all the big tickets kicked in the second they passed.

To answer the OP's question: they aren't going to. Creating another credit bubble, this time based on federal - not banking - excess to fix another bubble will only keep the economy in the gutter for that much longer.

 

[Care4all]

maine will be the 6th fastest state in getting all of its stimulus money given to them out in to the economy in various projects....all money will be used by the end of august 09.

is your state sitting on their money?

 

[dilloduck]

maine will be the 6th fastest state in getting all of its stimulus money given to them out in to the economy in various projects....all money will be used by the end of august 09.

is your state sitting on their money?

no-- oil

 

[alan1]

maine will be the 6th fastest state in getting all of its stimulus money given to them out in to the economy in various projects....all money will be used by the end of august 09.

is your state sitting on their money?

no-- oil

Did TX even participate in this recession?

 

[dilloduck]

maine will be the 6th fastest state in getting all of its stimulus money given to them out in to the economy in various projects....all money will be used by the end of august 09.

is your state sitting on their money?

no-- oil

Did TX even participate in this recession?

recession ?

 

[Skull Pilot]

It is still crashing and crashing. When is this stimulus package supposed to kick in?

any minute now and growth will jump to 4% or a full 30% higher than our best years and everything will be just fine

 

[Toro]

How do we know the economy is still declining at a 6% rate?

The word "still" implies right now, not in the past. Last quarter, the economy declined 6% but it did not in May.

 

[alan1]

no-- oil

Did TX even participate in this recession?

recession ?

I thought so.

 

[code1211]

How do we know the economy is still declining at a 6% rate?

The word "still" implies right now, not in the past. Last quarter, the economy declined 6% but it did not in May.

How could you know that? Today is May 31 and the figures for May won't be out for a couple days yet.

 

[Neubarth]

How do we know the economy is still declining at a 6% rate?

The word "still" implies right now, not in the past. Last quarter, the economy declined 6% but it did not in May.

As far as I know, there is nothing that would indicate that the economy had changed directions in May. There were even more factory layoffs. Since the main issue is GDP, more and more factory layoffs implies less and less domestic product.

How do you see improvement. What is the indicator?

 

[Toro]

Because a number of indicators suggest that the second quarter will not be as bad as the first. We are still contracting but not at a rate of 6% p.a. Thus far, the economy has contracted in total about 4%.

Remember, the -5.7% is an annualized number, not an actual number. Quarterly contraction was about -1.4%

 

[neurosport]

Because a number of indicators suggest that the second quarter will not be as bad as the first. We are still contracting but not at a rate of 6% p.a. Thus far, the economy has contracted in total about 4%.

Remember, the -5.7% is an annualized number, not an actual number. Quarterly contraction was about -1.4%

when will u understand that numbers mean nothing ?

numbers are a smoke screen. and only in America people believe it.

how the fuck do you know what the real GDP is ? do u know how much the dollar is worth ? NO YOU DON'T.

if we're printing money means its going down in value. means GDP is going down. and it won't necessarily show up in any numbers until everything blows up for good.

numbers are only useful when you have both the right kind of data and the right kind of models to run that data through. YOU HAVE NEITHER !

numbers can't help an idiot become smart. if anything numbers will confuse an idiot. Americans will never figure this out.

 

[Neubarth]

Because a number of indicators suggest that the second quarter will not be as bad as the first. We are still contracting but not at a rate of 6% p.a. Thus far, the economy has contracted in total about 4%.

Remember, the -5.7% is an annualized number, not an actual number. Quarterly contraction was about -1.4%

when will u understand that numbers mean nothing ?

numbers are a smoke screen. and only in America people believe it.

how the fuck do you know what the real GDP is ? do u know how much the dollar is worth ? NO YOU DON'T.

if we're printing money means its going down in value. means GDP is going down. and it won't necessarily show up in any numbers until everything blows up for good.

numbers are only useful when you have both the right kind of data and the right kind of models to run that data through. YOU HAVE NEITHER !

numbers can't help an idiot become smart. if anything numbers will confuse an idiot. Americans will never figure this out.

I had a fellow explain to me that the layoffs in the factories is directly proportional to the roll back in the GDP. According to him, the decline in factory employment is over 15% so far this past year. I am beginning to think that the government gdp numbers are totally whack.

 

[Old Rocks]

In '29, the small farmers and ranchers were the chief people that lost it all. Today, the blue collar middle class are the primary people losing their incomes and homes.

I hope Toro is correct. Where I work, we laid off another 70 people last week. These are very good paying jobs with excellant benefits, so the whole community feels a layoff like that. As the energy part of the stimulas bill kicks in, we are supposed to get some orders for the plate to make the tubes that support them. That should start to happen about the end of the year. But there are a lot of hungry companies out there.