GDP up 5.7% in the last quarter

[Meister]

This is some good news for the economy. The highest its been in 6 years, so we should see lower unemployment to follow?


Washington, Jan 29 2010 January 29 - US GDP rose at annualized rate of 5.7% in the fourth quarter, the largest quarterly growth since GDP grew 6.9% in the third quarter of 2003, the Commerce Department reported today. Economists had expected GDP to increase by 4.5% for the Q4's advanced estimate, after final revisions to Q3's economic activity indicated a 2.2% growth rate. This advanced estimate marks the second consecutive quarterly growth for GDP, after having contracted for four consecutive quarters since Q3 of 2008, suggesting economic activity has initiated a platform for continued modest growth. Over the year, GDP has fallen 2.4%.
US ECON: Adv 4Q GDP Up 5.7% Vs 4.5% Exp, Core Up 1.4% - CNBC

 

[Maple]

This is some good news for the economy. The highest its been in 6 years, so we should see lower unemployment to follow?


Washington, Jan 29 2010 January 29 - US GDP rose at annualized rate of 5.7% in the fourth quarter, the largest quarterly growth since GDP grew 6.9% in the third quarter of 2003, the Commerce Department reported today. Economists had expected GDP to increase by 4.5% for the Q4's advanced estimate, after final revisions to Q3's economic activity indicated a 2.2% growth rate. This advanced estimate marks the second consecutive quarterly growth for GDP, after having contracted for four consecutive quarters since Q3 of 2008, suggesting economic activity has initiated a platform for continued modest growth. Over the year, GDP has fallen 2.4%.
US ECON: Adv 4Q GDP Up 5.7% Vs 4.5% Exp, Core Up 1.4% - CNBC

News Release: Gross Domestic Product

Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 5.7 percent in the fourth quarter of 2009,
(that is, from the third quarter to the fourth quarter), according to the "advance" estimate released by the
Bureau of Economic Analysis. In the third quarter, real GDP increased 2.2 percent.

The Bureau emphasized that the fourth-quarter advance estimate released today is based on
source data that are incomplete or subject to further revision by the source agency (see the box on page
4). The "second" estimate for the fourth quarter, based on more complete data, will be released on
February 26, 2010.

The increase in real GDP in the fourth quarter primarily reflected positive contributions from
private inventory investment, exports, and personal consumption expenditures (PCE). Imports, which
are a subtraction in the calculation of GDP, increased.

Anyone wanna take the bet that this is going to be revised downward? I will take that bet anyday. There still are no jobs and there is no such thing as a job-less recovery.

 

[Skull Pilot]

Don't forget to subtract the nearly 50% of that growth that was swallowed up by the government. So we really only saw 2.85% of that in the real world

 

[Truthmatters]

Yes because everyone knows that unemployment is a lagging indicator.

The business sector has to see a reason to HIRE more people. If they start seeing numbers like this and feel them on the ground of their business then they are willing to hire another employee intstead of stretching the employees they have to cover the work.

The cold hard facts are that the stimulus worked and most economists agree.

What we need to be watching for is a double dip.

Good thing the stimulus saveds some of its bang for the coming months to help sustain this good news.

 

[Meister]

I'm wondering why unemployment numbers that came out yesterday were higher than expected? Something in this puzzle isn't fitting....why?

 

[Meister]

Yes because everyone knows that unemployment is a lagging indicator.

The business sector has to see a reason to HIRE more people. If they start seeing numbers like this and feel them on the ground of their business then they are willing to hire another employee intstead of stretching the employees they have to cover the work.

The cold hard facts are that the stimulus worked and most economists agree.

What we need to be watching for is a double dip.

Good thing the stimulus saveds some of its bang for the coming months to help sustain this good news.

I would hold on to your panties, truth. Something is amiss on this, there is something going on that just isn't fitting into the equation.

 

[uscitizen]

Since a large part of that GDP growth was because of increased oil costs that helps us consumers to be able to pay more money. A good thing?

 

[Skull Pilot]

Since a large part of that GDP growth was because of increased oil costs that helps us consumers to be able to pay more money. A good thing?

Don't forget that government has been the only sector of the economy that is growing right now.

That can't be good either because when the bill comes due, we"ll all be hoping we have some change left in our pockets.

 

[uscitizen]

Since a large part of that GDP growth was because of increased oil costs that helps us consumers to be able to pay more money. A good thing?

Don't forget that government has been the only sector of the economy that is growing right now.

That can't be good either because when the bill comes due, we"ll all be hoping we have some change left in our pockets.

Gummit spending has been our main "growth" for years.

 

[Paulie]

This is some good news for the economy. The highest its been in 6 years, so we should see lower unemployment to follow?


Washington, Jan 29 2010 January 29 - US GDP rose at annualized rate of 5.7% in the fourth quarter, the largest quarterly growth since GDP grew 6.9% in the third quarter of 2003, the Commerce Department reported today. Economists had expected GDP to increase by 4.5% for the Q4's advanced estimate, after final revisions to Q3's economic activity indicated a 2.2% growth rate. This advanced estimate marks the second consecutive quarterly growth for GDP, after having contracted for four consecutive quarters since Q3 of 2008, suggesting economic activity has initiated a platform for continued modest growth. Over the year, GDP has fallen 2.4%.
US ECON: Adv 4Q GDP Up 5.7% Vs 4.5% Exp, Core Up 1.4% - CNBC

It's almost entirely government spending of money we didn't even have to begin with. That's not real growth.

That's like taking out a loan at the bank for $50k, and saying you're $50k richer.

 

[uscitizen]

Strange that during the last presidents terms I seemed to hear the economy was doing fine and was not due to the 5 trillion spent by the gummit?

 

[Paulie]

Strange that during the last presidents terms I seemed to hear the economy was doing fine and was not due to the 5 trillion spent by the gummit?

You never heard that from ME.

 

[uscitizen]

Strange that during the last presidents terms I seemed to hear the economy was doing fine and was not due to the 5 trillion spent by the gummit?

You never heard that from ME.

No I can't say as I did. I did however hear it from most of the right wingers.



What recession the parking lots are full...

 

[Truthmatters]

This is some good news for the economy. The highest its been in 6 years, so we should see lower unemployment to follow?


Washington, Jan 29 2010 January 29 - US GDP rose at annualized rate of 5.7% in the fourth quarter, the largest quarterly growth since GDP grew 6.9% in the third quarter of 2003, the Commerce Department reported today. Economists had expected GDP to increase by 4.5% for the Q4's advanced estimate, after final revisions to Q3's economic activity indicated a 2.2% growth rate. This advanced estimate marks the second consecutive quarterly growth for GDP, after having contracted for four consecutive quarters since Q3 of 2008, suggesting economic activity has initiated a platform for continued modest growth. Over the year, GDP has fallen 2.4%.
US ECON: Adv 4Q GDP Up 5.7% Vs 4.5% Exp, Core Up 1.4% - CNBC

It's almost entirely government spending of money we didn't even have to begin with. That's not real growth.

That's like taking out a loan at the bank for $50k, and saying you're $50k richer.

Well good , you have just said the economy would have been in freefall without the stimulus.

 

[JWBooth]

This is some good news for the economy. The highest its been in 6 years, so we should see lower unemployment to follow?


Washington, Jan 29 2010 January 29 - US GDP rose at annualized rate of 5.7% in the fourth quarter, the largest quarterly growth since GDP grew 6.9% in the third quarter of 2003, the Commerce Department reported today. Economists had expected GDP to increase by 4.5% for the Q4's advanced estimate, after final revisions to Q3's economic activity indicated a 2.2% growth rate. This advanced estimate marks the second consecutive quarterly growth for GDP, after having contracted for four consecutive quarters since Q3 of 2008, suggesting economic activity has initiated a platform for continued modest growth. Over the year, GDP has fallen 2.4%.
US ECON: Adv 4Q GDP Up 5.7% Vs 4.5% Exp, Core Up 1.4% - CNBC

We'll see. It's probably good news. After a couple of months the figures will likely be modified some, they usually are.

 

[Paulie]

Strange that during the last presidents terms I seemed to hear the economy was doing fine and was not due to the 5 trillion spent by the gummit?

You never heard that from ME.

No I can't say as I did. I did however hear it from most of the right wingers.



What recession the parking lots are full...

This rightie saw the recession coming about 4 years ago.

 

[uscitizen]

You never heard that from ME.

No I can't say as I did. I did however hear it from most of the right wingers.



What recession the parking lots are full...

This rightie saw the recession coming about 4 years ago.

I saw it coming over 10 years ago. I was just not sure when it would hit.
But I knew it was inevitable due to loss of manufacturing, debt levels both personal and govt, etc...

I was ridiculed to no end by those on the right for it too.
But the Capernicus was almost executed by the church for his views on the solar system.

 

[Meister]

This is some good news for the economy. The highest its been in 6 years, so we should see lower unemployment to follow?


Washington, Jan 29 2010 January 29 - US GDP rose at annualized rate of 5.7% in the fourth quarter, the largest quarterly growth since GDP grew 6.9% in the third quarter of 2003, the Commerce Department reported today. Economists had expected GDP to increase by 4.5% for the Q4's advanced estimate, after final revisions to Q3's economic activity indicated a 2.2% growth rate. This advanced estimate marks the second consecutive quarterly growth for GDP, after having contracted for four consecutive quarters since Q3 of 2008, suggesting economic activity has initiated a platform for continued modest growth. Over the year, GDP has fallen 2.4%.
US ECON: Adv 4Q GDP Up 5.7% Vs 4.5% Exp, Core Up 1.4% - CNBC

It's almost entirely government spending of money we didn't even have to begin with. That's not real growth.

That's like taking out a loan at the bank for $50k, and saying you're $50k richer.

Well good , you have just said the economy would have been in freefall without the stimulus.

You keep fluffling up the stimulus, truth. I'm not too sure that is the reason. We were in a recession, yes. But, it is the normal timeline range of a recession to end naturally. Sorry to burst your rhetoric



First, for all of the newer business owners, Recessions happen regularly. Actually, we have one about every 8 to 9 years. There has never been a decade without one. Having said that, we must also remember that all recessions do come to an end. The normal length of a recession is 1 to 2 years. However considering that housing and fuel are involved, the cornerstone of most economies, plan on this one to stretch to the 1 to 3 year time frame.
The R Word ? Recession ? Time to Revisit It

 

[Xenophon]

Don't forget to subtract the nearly 50% of that growth that was swallowed up by the government. So we really only saw 2.85% of that in the real world

And of course Barry has been taking some major hits, the ministry of propaganda..er..that is the government now tells us how good things are getting now.

 

[uscitizen]

Don't forget to subtract the nearly 50% of that growth that was swallowed up by the government. So we really only saw 2.85% of that in the real world

And of course Barry has been taking some major hits, the ministry of propaganda..er..that is the government now tells us how good things are getting now.

New boss same as the old boss.