Real GDP Collapse: 1.7% For Year...

[paulitician]

That's the final, pathetic growth number for 2011.


From the just-released GDP report:

Real GDP increased 1.7 percent in 2011 (that is, from the 2010 annual level to the 2011 annual level), compared with an increase of 3.0 percent in 2010.

The increase in real GDP in 2011 primarily reflected positive contributions from personal consumption expenditures (PCE), exports, and nonresidential fixed investment that were partly offset by negative contributions from state and local government spending, private inventory investment, and federal government spending. Imports, which are a subtraction in the calculation of GDP, increased.

Not exactly a barnburner.




Read more: 2011 GDP: 1.7%

 

[TakeAStepBack]

Bush did it.

 

[ScienceRocks]

Obama will blame Bush for it all the way to 2016 if he gets a second term. The guy will not take the heat for his economy. Reason to throw him out!

 

[Katzndogz]

That's the final, pathetic growth number for 2011.


From the just-released GDP report:

Real GDP increased 1.7 percent in 2011 (that is, from the 2010 annual level to the 2011 annual level), compared with an increase of 3.0 percent in 2010.

The increase in real GDP in 2011 primarily reflected positive contributions from personal consumption expenditures (PCE), exports, and nonresidential fixed investment that were partly offset by negative contributions from state and local government spending, private inventory investment, and federal government spending. Imports, which are a subtraction in the calculation of GDP, increased.

Not exactly a barnburner.




Read more: 2011 GDP: 1.7%

I wish it were as good as 1.7%.

It is really 0.4%

News Release: Gross Domestic Product and Corporate Profits

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 1.0 percent in the second quarter of 2011,
(that is, from the first quarter to the second quarter), according to the "second" estimate released by the
Bureau of Economic Analysis. In the first quarter, real GDP increased 0.4 percent.

 

[Claudette]

Have no fear

Its all Bush's fault.

Barry should sail in for his second term.

 

[g5000]

That's the final, pathetic growth number for 2011.


From the just-released GDP report:

Real GDP increased 1.7 percent in 2011 (that is, from the 2010 annual level to the 2011 annual level), compared with an increase of 3.0 percent in 2010.

The increase in real GDP in 2011 primarily reflected positive contributions from personal consumption expenditures (PCE), exports, and nonresidential fixed investment that were partly offset by negative contributions from state and local government spending, private inventory investment, and federal government spending. Imports, which are a subtraction in the calculation of GDP, increased.

Not exactly a barnburner.




Read more: 2011 GDP: 1.7%

I wish it were as good as 1.7%.

It is really 0.4%

News Release: Gross Domestic Product and Corporate Profits

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 1.0 percent in the second quarter of 2011,
(that is, from the first quarter to the second quarter), according to the "second" estimate released by the
Bureau of Economic Analysis. In the first quarter, real GDP increased 0.4 percent.

Do you understand what you read?

0.4% is the figure for the FIRST QUARTER. Not for the year.

 

[8537]

That's the final, pathetic growth number for 2011.


From the just-released GDP report:

Real GDP increased 1.7 percent in 2011 (that is, from the 2010 annual level to the 2011 annual level), compared with an increase of 3.0 percent in 2010.

The increase in real GDP in 2011 primarily reflected positive contributions from personal consumption expenditures (PCE), exports, and nonresidential fixed investment that were partly offset by negative contributions from state and local government spending, private inventory investment, and federal government spending. Imports, which are a subtraction in the calculation of GDP, increased.

Not exactly a barnburner.




Read more: 2011 GDP: 1.7%

I wish it were as good as 1.7%.

It is really 0.4%

News Release: Gross Domestic Product and Corporate Profits

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 1.0 percent in the second quarter of 2011,
(that is, from the first quarter to the second quarter), according to the "second" estimate released by the
Bureau of Economic Analysis. In the first quarter, real GDP increased 0.4 percent.

^needs course in reading comprehension. You even took the time to put your ignorance in bold print.

 

[g5000]

That's the final, pathetic growth number for 2011.


From the just-released GDP report:

Real GDP increased 1.7 percent in 2011 (that is, from the 2010 annual level to the 2011 annual level), compared with an increase of 3.0 percent in 2010.

The increase in real GDP in 2011 primarily reflected positive contributions from personal consumption expenditures (PCE), exports, and nonresidential fixed investment that were partly offset by negative contributions from state and local government spending, private inventory investment, and federal government spending. Imports, which are a subtraction in the calculation of GDP, increased.

Not exactly a barnburner.




Read more: 2011 GDP: 1.7%

And the Fed said a couple days ago that growth for 2012 will be lower than 2011. And they said they will keep interest rates low through 2014, which I find the most attention-worthy bit of all. That they actually give a date, and one that far out, for keeping interest rates low is a terrible omen.

The Fed historically has never given out-to dates. Then last fall they said they would keep interest rates around zero out to the beginning of 2013. My jaw hit the floor when I first saw that.

And now they are saying to the end of 2014.

Not only that, Bernanke indicated another round of quantitative easing is back on the table.


It's the damned euro crisis and financial derivatives. Same stupid derivatives reindeer games, same players on Wall Street. The only difference from the 2008-present global credit crisis is the underlying assets in the financial WMDs. We are back at the abyss, and this time the rubes won't be able to blame the CRA or negroes for it.

Maybe then everyone will wake up to the real problems, the real causes. And the real solutions that are necessary.

If you don't like Occupy Wall Streeters or socialists or poor people, you better get used to them. Wall Street is going to make a lot more of them.

 

[JimH52]

You are obviously a hopeless Hack...

U.S. economy picks up speed but doubts surround 2012 outlook - Jan. 27, 2012

 

[g5000]

You are obviously a hopeless Hack...

U.S. economy picks up speed but doubts surround 2012 outlook - Jan. 27, 2012

The Fed's outlook has dimmed. GDP is trending downward at the moment. Stock market volumes are sluggish. Everyone is holding their breath over the euro crisis.

There are tense negotiations going on right now between Greece and its bondholders. A lot of credit event horizons are in the balance.

Someone is going to have to take it in the shorts, and everyone knows its the bondholders. The question is exactly how the default will be defined.

If they screw this up, there will be a very nasty financial chain reaction. Thermonuclear.

Better to have been paying attention all along than try to figure it out later and look for the nearest scapegoat. Like the CRA or something...

 

[Polk]

GDP is trending downward? The last quarter was the best in over a year. The rate of growth has increased four quarters in a row.

 

[Trajan]

look, we are past recrimination time, you can bet that Q4 2.8% will be adjusted downward, it was a pretty lame year, 1.7%, it is what it is.

Europe will be heading further south as well, Fitch just downgraded, well everyone but upper volta.....its not going to get any better for now and by that I mean this new year, we need north of 2.8% to grow, and, well, I don't think anyone is near forecasting that.

 

[paulitician]

You are obviously a hopeless Hack...

U.S. economy picks up speed but doubts surround 2012 outlook - Jan. 27, 2012

Get real dipshit and pull your nose out of your Dear Leader's butthole.

 

[8537]

look, we are past recrimination time, you can bet that Q4 2.8% will be adjusted downward, it was a pretty lame year, 1.7%, it is what it is.

Europe will be heading further south as well, Fitch just downgraded, well everyone but upper volta.....its not going to get any better for now and by that I mean this new year, we need north of 2.8% to grow, and, well, I don't think anyone is near forecasting that.

We need "north of 2.8% to grow"? Whatever does that mean? We need "north of" 0% in order to grow.

 

[Katzndogz]

Whatever it really is, the democrats will lie about it anyway.

 

[LoneLaugher]

Your GOP leaders are unable to stop the recovery. Doesn't it just suck for you guys to feel like you must search every news item for the negatives?

 

[g5000]

GDP is trending downward?

At. The. Moment. I would wager the GDP number for first quarter 2012 will be lower than last quarter 2011.

Have you read anything about the Fed meeting two days ago? The GDP for 2011 was lower than estimates. That is not a good thing. The market was pricing in higher growth and will now adjust accordingly.

The Fed has also lowered its forecast for 2012 from a previous forecast. The market will also adjust prices for that, as well.

Compared to Europe, we are doing fantastically well. But we are not doing well from a historical perspective.

Sluggish growth is growth, but it is not the kind of growth that can survive another punch. And it is not the kind of growth that will bring down unemployment.

That is the point being made.

 

[JimH52]

GDP is trending downward? The last quarter was the best in over a year. The rate of growth has increased four quarters in a row.

The Republicans are desperate. They will soil any good economic news, so that their MultiMillionaire White Mormon has a chance in November. Unfortunately for them, if Newt has his way, Mitt will be painted as a lying tax cheat right up to the election.

GO NEWT!

 

[g5000]

Your GOP leaders are unable to stop the recovery. Doesn't it just suck for you guys to feel like you must search every news item for the negatives?

I search the news for reality. I search the news to see how to proceed with my market trades. One cannot afford partisan bias when trading one's own money like I do. One can only try to see the financial horizon accurately and react accordingly.

And my eyes are focused with laser attentiveness on the negotiations between Greece and its bondholders right now.

If there is another stone about to be hung around our necks, I want to be ahead of that.

 

[paulitician]

Your GOP leaders are unable to stop the recovery. Doesn't it just suck for you guys to feel like you must search every news item for the negatives?

Nah, your 'Recovery' doesn't even exist. Wall Street seems to be turning more profits now, but that doesn't mean anything for most average Citizens. Good for them i guess, but it just doesn't mean anything to most others.