US Economy Firming Up....3Q Growth Exceeds Expectations

[LoneLaugher]

Awesome news, everyone!

http://online.wsj.com/articles/u-s-third-quarter-gdp-expands-at-3-5-rate-1414672315

Who wants to celebrate with me?

 

[rightwinger]

Better than expected

http://online.wsj.com/articles/u-s-third-quarter-gdp-expands-at-3-5-rate-1414672315

 

[SteadyMercury]

I'm happy with it, hell a 3% would have been solid in context of global economy.

 

[CrusaderFrank]

Sounds like the numbers that came out right before the 2012 election...and for the same reason

 

[LoneLaugher]

Sounds like the numbers that came out right before the 2012 election...and for the same reason

I'm sure you think you have said something interesting here.

Break it down for us dummies, would ya?

 

[LoneLaugher]

I'm happy with it, hell a 3% would have been solid in context of global economy.

Looks like Wall Street approves as well.

Stocks up on better-than-expected GDP Visa rallies

 

[SteadyMercury]

Sounds like the numbers that came out right before the 2012 election...and for the same reason

GDP Report U.S. economy grew 2 in third quarter - Oct. 26 2012
Gross domestic product, the broadest measure of the nation's economic health, grew at an annual rate of 2% from July to September, the Commerce Department said Friday

It takes a special kind of retard to say that 3.5% sounds like 2%.

 

[LoneLaugher]

Sounds like the numbers that came out right before the 2012 election...and for the same reason

GDP Report U.S. economy grew 2 in third quarter - Oct. 26 2012
Gross domestic product, the broadest measure of the nation's economic health, grew at an annual rate of 2% from July to September, the Commerce Department said Friday

It takes a special kind of retard to say that 3.5% sounds like 2%.

That idiot thinks that the DNC controls all stats related to the economy......but ONLY when the economy is improving. Its a USMB nutter affliction.

 

[EdwardBaiamonte]

Sounds like the numbers that came out right before the 2012 election...and for the same reason

GDP Report U.S. economy grew 2 in third quarter - Oct. 26 2012
Gross domestic product, the broadest measure of the nation's economic health, grew at an annual rate of 2% from July to September, the Commerce Department said Friday

It takes a special kind of retard to say that 3.5% sounds like 2%.

That idiot thinks that the DNC controls all stats related to the economy......but ONLY when the economy is improving. Its a USMB nutter affliction.

GDP is goods produced or supplied. Imagine how good the economy would be doing if we had a supply side President and Senate rather than liberal soviet president and senate.

 

[Rozman]

I can't believe it nine posts in and no demand that we thank Obama?

 

[EdwardBaiamonte]

I can't believe it nine posts in and no demand that we thank Obama?

if someone did thank Obama we'd ask him what Obama did of a supply side nature that produced 3.5% more supplied goods!!

 

[Vigilante]

Let's have all the subversives get in a circle and jerk off on each other! One does wonder if any of these brainiacs ever bothers to look deeper into things... NOT if it upsets their agenda, they don't!

Why Did Q3 GDP Jump: Thank ISIS And The "War On Terror"

Submitted by Tyler Durden

As we noted previously, the main reason why Q3 GDP surprised to the upside was thanks to yet another accounting gimmick, where it wasn't the US consumer leading to US growth, as has historically been the case, but because the government stepped up, and boosted GDP by the most since Q2 2009.

So just which aspect of government taxpayer fund recirculation was responsible for this sudden boost in US "growth" (leaving aside the philosophical debate whether government capital allocations ever lead to grwoth)?
The answer is shown in the chart below showing the quarterly change in US National Defense spending: at by $30 billion, it was the most since 2008!
In short: thank you ISIS and renewed war on terror.

And what is more disturbing, as we noted earlier, is that the Fed had this data when it decided yesterday to end QE and to present its "surprisingly hawkish" assessment of the economy, suggesting the Fed is comfortable with defense spending as a marginal leader of US growth (and is also not seeing any snow whatsoever this winter)
So... the "Fed war put" anyone?

Now for the subversive SPIN CYCLE on this, the name calling, and the "who can believe Zero Hedge" diatribes..... so predictable!

 

[C_Clayton_Jones]

That there are those on the partisan right actually unhappy with the fact the economy is in full recovery speaks volumes.

 

[Vigilante]

That there are those on the partisan right actually unhappy with the fact the economy is in full recovery speaks volumes.

The problem, shyster, is that YOU LIE, or refute the info posted with your own reason why it jumped!

 

[EdwardBaiamonte]

That there are those on the partisan right actually unhappy with the fact the economy is in full recovery speaks volumes.

well just imagine how crazy it would be for a Marxist anti business president like Barry to get credit for for businesses doing better when he opposes businesses.

 

[EdwardBaiamonte]

That there are those on the partisan right actually unhappy with the fact the economy is in full recovery speaks volumes.

well just imagine how crazy it would be for a Marxist anti business president like Barry to get credit for for businesses doing better when he opposes businesses.

Obama is anti supply side yet when business supplies more(GDP+3.5%) he will shamelessly try to take credit.

 

[SteadyMercury]

In short: thank you ISIS and renewed war on terror.

Nice try partisan fool. Exclude government spending GDP growth was still 3.3%.

 

[rightwinger]

In spite of Obamacare, Ebola, ISIS and Gay Marriage the economy keeps growing

The world really isn't coming to an end

 

[EdwardBaiamonte]

In spite of Obamacare, Ebola, ISIS and Gay Marriage the economy keeps growing

The world really isn't coming to an end

it would be a crime if an anti-business president gets credit for business success!.