Q3 GDP Growth Pushed Up to 2.7%

Discussion in 'Economy' started by Trajan, Nov 29, 2012.

  1. Trajan
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    Trajan conscientia mille testes

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    I am or was surprised - then I saw the snip at the bottom from the BEA (hattip H.A.), re: the Governments heavy injection/influence (on a comparative basis to Q2), the point being the gov.'s ability to influence the economy is about to be massively curtailed even of the sequester is evened out, there are cuts coming.


    GDP Growth Pushed Up to 2.7%-snip


    The U.S. economy grew faster than initially thought in the third quarter as restocking by businesses provided a big boost, but consumer and business spending were revised lower in a sobering reminder of the recovery's underlying weakness.


    Gross domestic product expanded at a 2.7 percent annual rate, the Commerce Department said on Thursday, as export growth also helped to offset the weakest consumer spending and first drop in business investment in more than a year.

    While the growth pace was much quicker than the 2 percent rate the government estimated last month and the best since the fourth quarter of 2011, it was hardly a sign of strength as the lift from inventories will likely be lost in the fourth quarter.

    more at-
    GDP Growth Pushed Up to 2.7%; Jobless Claims Slip - US Business News - CNBC



    snip, page 2-


    Real federal government consumption expenditures and gross investment increased 9.5 percent in the third quarter, in contrast to a decrease of 0.2 percent in the second. National defense increased 12.9 percent, in contrast to a decrease of 0.2 percent. Nondefense increased 3.0 percent, in contrast to a decrease of 0.4 percent. Real state and local government consumption expenditures and gross investment decreased 0.4 percent, compared with a decrease of 1.0 percent.


    http://content.govdelivery.com/atta...38/Gross+Domestic+Product+%28Oct.+2012%29.pdf
     
  2. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    My company's been picking up clients left and right.

    Apparently there's a great deal of speculation things are going to pick up soon.
     
  3. mascale
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    mascale VIP Member

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    In 2011, the planetary disasters created a better second half, subsequent the slowing first half. In 2012, the disasters have been back all year long. As a consequence of emergency spending, then other spending is picking up. Housing is improving. House Prices are improving as assets. Consumer Confidence is at a high-point. Then retail sales improved even though the November Surprise of yet another epic event--impacted November sales overall.

    Now the November storm is regarded worse than originally estimated. First half economic improvement will easily get a further boost from all that Corporate Insurance--and other corporate money--sitting on the sidelines.

    The betting on Romney-Ryan first winning, then getting things moving in the second half of next year: Got a jolt. Now corporate hoarding is about to look self-defeating. Romney -Ryan supporters had high hopes for a de-regulated civilization. Actually, Haiti and East Africa are backward, being unregulated economies. Most do not aspire to the "Dream," or however RNC describes Lincoln's Liberian Movement! Mostly, White Civilization is actually regulated. Even with the minorities starting to become in charge, even those regulators will help to get the insurance money spent!

    First they need only to get the Ivy League: Past all that. The Ivy League is the cause of the 47% of Bitter Clingers who lost the house in the foreclosure, their life-savings in the crash, and their jobs in the Great Recession of the Ivy League! Once they get past the Ivy League, then soon there may even be "student loan regulation." Likely the jokes are being swapped in the
    White House Private Dining Room, over luncheon fare. Unless the private luncheon was a "gift" from Obama, then presumably Romney brought the appropriate credit card(?). . .if Republicans even do that(?)! After all, most the cash is actually. . . .well!

    In California, now that the Democrats, and their minorities, run everything: Even health insurance is way more likely to be more regulated, just like auto and other insurance in that state. Anthem Health wants to gouge California individual policy holders, 18% more next year. Even before 2014, The Obama Exchange concept may get a regulatory boost in California: Free to compete, as long as they don't. The Anthem Health Insurance premium increase can easily trigger a statewide demand for addtional congruence among the insurance regulations in that state. Insurance regulators control some prices, but not the health insurance pricing, in California. . .so far.

    Summarizing that: A national example is about to be noticed in the California context of the insurance exchanges. "Free To Compete" is about insurance companies setting prices, where regulation is likely to be the way more necessary need.

    As in "Back to Single-Payer," it becomes cheaper to go.

    In California, at least there will be Democrats around, when everyone needs them!

    "Crow, James Crow: Shaken, Not Stirred!"
    (Soon Many Flee, to even Colorado: Where air will become less clear than it is in California(?)! "The air is about to become a lot less clear in Aspen--Indoors and Outdoors, to Boot," or something(?)! "Rocky Mountain High. . .Regulation(?)!")
     
    Last edited: Nov 29, 2012
  4. Norman
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    Norman Gold Member

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    The growth is all based on government debt, and investment is down.

    This doesn't mean much good for the long term...
     
  5. Rshermr
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    Rshermr VIP Member

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    Wow. Great job of posting as many conservative talking points as possible. You win the award for the most drivel in a single post.
     
  6. Rshermr
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    Rshermr VIP Member

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    And your proof, of course, is...........Nowhere.
     
  7. Norman
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    Norman Gold Member

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    It's in the revised numbers. Who would have thought of checking those?

    Of course this is just one GDP report. I am not saying that it could dictate the direction of an economy since the timing could skew things completely. However, the burrow and spend has been the direction of USA for years, not a mere fluctuation.
     
  8. Truthmatters
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    Truthmatters BANNED

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    they will never face the facts.

    they are brain damaged.


    the republican party will have to heave these people to the curb.


    The republican party can NOT win elections with these people dragging them arround by the dick
     
  9. Rshermr
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    Rshermr VIP Member

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    Ah, but you are saying that the growth is based on debt. Nice opinion, but not entirely, or even mostly, true.
     
  10. MeBelle
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    MeBelle Mebellien Mothership © Supporting Member

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    Females have male genitalia? :confused:
     

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