More economic good news! GDP rebounds 4%

[Dad2three]

"Ignoramus"

lol

Shadow Stats simply looks at what the numbers would look like had the FEds still used the old definitions and formulas from 1980 before the neocons under Reagan started jacking with them.

Sure

Lol, oh wow, that sure proved a lot, you driveling moron.

-

Shadowstats

lol

 

[Dad2three]

Bullshit.

No...Bullshit on you....
U.S. GDP Dropped 2.9% In The First Quarter 2014, Down Sharply From Second Estimate - Forbes

My point was it wasn't driven by weather. They always pull some bullshit out of their asses to excuse this incompetent regime.

My point was it wasn't driven by weather. They always pull some bullshit out of their asses to excuse this incompetent regime.

Economists estimate severe weather could have chopped off as much as 1.5 percentage points from GDP growth


“This quarter reflects everything that’s been bad about the long and cold winter,” said Millan Mulraine, deputy head of U.S. research and strategy at TD Securities USA LLC in New York. “It betrays fairly strong underlying fundamentals that we believe continue to exist.”


Economic Growth in U.S. Probably Slowed by Harsh Winter Weather - Bloomberg

"The race isn't over yet for the economy. Things are better than you think. We are still expecting a strong finish to the year," said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ in New York.



U.S. economy stumbles in first-quarter, but prospects brighter | Reuters

The drop marked the economy's first contraction in three years, though economists say the downturn should be short-lived and likely doesn't herald a new recession. "Nobody likes to see a negative for growth," said Beth Ann Bovino, U.S. chief economist at Standard & Poor's Ratings Services. "But it doesn't change my expectation that the economy is recovering at a nice pace. I call it a recovery delayed."

Slower stockpiling of business inventories and severe winter weather combined to push the economy



U.S. GDP Contracted at 1% Pace in First Quarter - WSJ

 

[LoneLaugher]

We'll then, you sure fooled me! You are a colossal Debbie Downer, bro. As a business owner...I trumpet good news. I want good news to go viral. I want people out there opening their wallets. You? If so.....it ain't coming through.

I'm a realist.

And realists like real stats, not the bullshit the current regime is spitting out.

Are you a realist too? I laugh.

Intellectually, you couldn't shine Zander's shoes. He's one of the guys who knowingly passes on bullshit to unknowing idiots like you. You'll believe anything and people like Zander know it.

 

[LoneLaugher]

You know what this does, right? Since the economy is 'improving', it becomes less of an issue for Democrats to hammer Republicans over. The better the economy is, the less of an issue it becomes politically. That's another arrow out of the quiver.

This one needs some real consideration, I believe. Anyone have a reaction to this. Besides, JimBowie, that is. He thanked it so we know he agrees.

 

[KissMy]

Only because Obama's statisticians have removed record numbers of people from the 'work pool'.

Get your old ass up out of bead. Repubtards say you are supposed to still be in the 'work pool'.

 

[pinqy]

criminy.....you twits will squawk on forever about word useage but completely ignore the point......employment is at a sluggish 59.0% of the working age population and barely creeping upwards compared to Reagan's recovery....millions remain unemployed....GDP and employment are related to one another....so where is the growth really....?

A larger number of the working age population are retired than in St Ronnie's day, and there a lot less unemployed now, 9,474,000, than when Bush slinked out of office, 12,058,000.

Only because Obama's statisticians have removed record numbers of people from the 'work pool'.

How exactly are you claiming that works? What's the process that it's the statisticians (or economists) that are making a particular decision?

 

[pinqy]

The 4% figure is bogus government manipulation of statistics.

Shadowstats has a more accurate calculation of the change in GDP...and one that is consistent with what the majority of Americans are experiencing in their economic lives.

Alternate Gross Domestic Product Chart

The SGS-Alternate GDP reflects the inflation-adjusted, or real, year-to-year GDP change, adjusted for distortions in government inflation usage and methodological changes that have resulted in a built-in upside bias to official reporting.

Annual Growth (Year-to-Year Percent Change) in GDP is shown in the chart on the right. This is not the annualized quarterly rate of change that serves as the headline number for the series.

Note: The GDP headline number refers to the most-recent quarter’s annualized quarter-to-quarter rate of change (what that quarter’s percent quarter-to-quarter change would translate into if compounded for four consecutive quarters).
This can mean that the latest quarter can be reported with a positive annualized growth rate, while the actual annual rate of change is negative. Such was the case for the 3rd quarter of 2009.

"Shadowstats"

lol

"Ignoramus"

lol

Shadow Stats simply looks at what the numbers would look like had the FEds still used the old definitions and formulas from 1980 before the neocons under Reagan started jacking with them.

No, he doesn't. He adds on an arbitrary amount...usually 4-6% to the CPI-U. But, as I already pointed out, that would mean around 270% increase in prices since 1990 if he's correct. He's clearly not

 

[sameech]

.

Nice, nice, nice. Deutsche Bank had it right on the button.

Good, another one or two of these and we can achieve escape velocity.

Nice.

.

Not for long. It is good news but Europe's recovery is lagging and will probably weigh down the NYSE which will then weigh down domestic consumption again.

lol, you believe the 'New and Revised' GDP and its resulting 'growth'?

I've got some fresh swamp land in Floriduh to sell you then.

How much an acre? I can probably get a federal grant to cover the purchase price and make some coin off it. If not, I will threaten to develop, start an online petition to stop me from developing it and ask for donations to help me save the endangered frog from myself.

As for the GDP, just depends. It is a pool. There are some areas that are doing quite nicely and have decent economic growth and there are some locations that are lagging behind. In my area, even though we are a relatively low income area compared to most, the economy has seemed to be growing.

 

[Freewill]

Economy rebounds to 4% growth pace in Q2
After terrible start to the year, the U.S. economy bounces back - Jul. 30, 2014

New data released Wednesday show the U.S. economy bounced back in the spring, growing at a 4% annual pace in the second quarter. That was even better than the forecast of 3% growth, according to a consensus of economists surveyed by CNNMoney.

Consumer spending, which alone accounts for about two thirds of U.S. economic activity, strengthened, as did exports to foreign countries and business investments.

American consumers spent more money on long-lasting goods like autos and furniture, and businesses invested more in technology and industrial equipment. Both can be seen as good signs that households and companies are more optimistic and investing in the future.



Great to see the first quarter numbers were not a trend

well it certainly took awhile, if you are using this positive growth as an indicator rather then the neg growth of the first quarter as indication.

But let's us review. The left whines about Congress' inaction, yet now you are crowing about a 4 percent growth number which in all likelihood will be down graded next week. so it seems like doing nothing works better then what Obama did for 6 disastrous years. And the benefit should be that we didn't put a much debt on our grandchildren as has Obama for the last 6 years.

So I am glad to see you recognize that Congress' inaction is actually a good thing. If that actually were true.

 

[JimBowie1958]

Sure

Lol, oh wow, that sure proved a lot, you driveling moron.

-

Shadowstats

lol

Yes, that was not much more convincing the second time, idiot.

 

[JimBowie1958]

No...Bullshit on you....
U.S. GDP Dropped 2.9% In The First Quarter 2014, Down Sharply From Second Estimate - Forbes

My point was it wasn't driven by weather. They always pull some bullshit out of their asses to excuse this incompetent regime.

My point was it wasn't driven by weather. They always pull some bullshit out of their asses to excuse this incompetent regime.

Economists estimate severe weather could have chopped off as much as 1.5 percentage points from GDP growth


“This quarter reflects everything that’s been bad about the long and cold winter,” said Millan Mulraine, deputy head of U.S. research and strategy at TD Securities USA LLC in New York. “It betrays fairly strong underlying fundamentals that we believe continue to exist.”


Economic Growth in U.S. Probably Slowed by Harsh Winter Weather - Bloomberg

"The race isn't over yet for the economy. Things are better than you think. We are still expecting a strong finish to the year," said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ in New York.



U.S. economy stumbles in first-quarter, but prospects brighter | Reuters

The drop marked the economy's first contraction in three years, though economists say the downturn should be short-lived and likely doesn't herald a new recession. "Nobody likes to see a negative for growth," said Beth Ann Bovino, U.S. chief economist at Standard & Poor's Ratings Services. "But it doesn't change my expectation that the economy is recovering at a nice pace. I call it a recovery delayed."

Slower stockpiling of business inventories and severe winter weather combined to push the economy



U.S. GDP Contracted at 1% Pace in First Quarter - WSJ

Lol, yeah pundits and talking heads repeat the governments bullshit; not convincing.

When the labor force participation rate goes UP, food prices go DOWN, Immigration takes a long pause and immigrants stop replacing American citizens for jobs, then we will see the economy really pick up.

Meanwhile government statisticians of both parties simply stir the pot of statistical shit and paint new lies.

 

[JimBowie1958]

I'm a realist.

And realists like real stats, not the bullshit the current regime is spitting out.

Are you a realist too? I laugh.

Intellectually, you couldn't shine Zander's shoes. He's one of the guys who knowingly passes on bullshit to unknowing idiots like you. You'll believe anything and people like Zander know it.

Lol thanks for demonstrating what a flaming idiot you are. I have known about Shadow stats for more than a decade now and I didn't hear of it from Zander or anyone else. Googled it.

Now you can go back to sticking your crayons up your nose.

 

[JimBowie1958]

A larger number of the working age population are retired than in St Ronnie's day, and there a lot less unemployed now, 9,474,000, than when Bush slinked out of office, 12,058,000.

Only because Obama's statisticians have removed record numbers of people from the 'work pool'.

How exactly are you claiming that works? What's the process that it's the statisticians (or economists) that are making a particular decision?

Dude here is some reading for you, if you really want to know.

Not Looking for Work: Why Labor Force Participation Has Fallen During the Recession

Obama Unemployment Magic Trick: Indefinitely Detain 4 Million People from Workforce - John Ransom - Townhall Finance Conservative Columnists and Financial Commentary - Page full

http://danielamerman.com/articles/2012/WorkC.html

 

[pinqy]

Only because Obama's statisticians have removed record numbers of people from the 'work pool'.

How exactly are you claiming that works? What's the process that it's the statisticians (or economists) that are making a particular decision?

Dude here is some reading for you, if you really want to know.

Not Looking for Work: Why Labor Force Participation Has Fallen During the Recession

Obama Unemployment Magic Trick: Indefinitely Detain 4 Million People from Workforce - John Ransom - Townhall Finance Conservative Columnists and Financial Commentary - Page full

Making 9 Million Jobless "Vanish": How The Government Manipulates Unemployment Statistics by Daniel Amerman

Not what I asked. Try again. What is the PROCESS you are claiming (I'm not debating links, I'm talking to YOU), that people are removed? What exactly are the statisticians doing? Your links claim "manipulation" and tricks, but don't say what steps are taken or why they constitute "tricks" except that they give different numbers than the author wants.

To add on, since you dodged responsibility for defending your post, the implication is that these people should not have been removed and should still be counted in the labor force. Why?

Let me clarify something: Your links are mostly opinion and interpretation, not straight facts or data. Too many times I've seen someone post links like that to support their position, but then disclaim any responsibility for falsehoods or misinterpretations. Someone else's opinion that agrees with what you say is not actually evidence that your claim is correct.

 

[Dad2three]

Only because Obama's statisticians have removed record numbers of people from the 'work pool'.

How exactly are you claiming that works? What's the process that it's the statisticians (or economists) that are making a particular decision?

Dude here is some reading for you, if you really want to know.

Not Looking for Work: Why Labor Force Participation Has Fallen During the Recession

Obama Unemployment Magic Trick: Indefinitely Detain 4 Million People from Workforce - John Ransom - Townhall Finance Conservative Columnists and Financial Commentary - Page full

Making 9 Million Jobless "Vanish": How The Government Manipulates Unemployment Statistics by Daniel Amerman

Heritage, THERE is a 'study' without bias or spin, lol

The ‘demographics’ story

Demographics have always played a big role in the rise and fall of the labor force. Between 1960 and 2000, the labor force in the United States surged from 59 percent to a peak of 67.3 percent. That was largely due to the fact that more women were entering the labor force while improvements in health and information technology allowed Americans to work more years.

But since 2000, the labor force rate has been steadily declining as the baby-boom generation has been retiring. Because of this, the Federal Reserve Bank of Chicago expects the labor force participation rate to be lower in 2020 than it is today, regardless of how well the economy does.

In a March report titled “Dispelling an Urban Legend,” Dean Maki, an economist at Barclays Capital, found that demographics accounted for a majority of the drop in the participation rate since 2002.


A smaller workforce means less growth

And what about the most recent downturn? Based on survey data, Maki found that about 35 percent of Americans who have dropped out of the labor force since the recession began in 2007 do want a job, but they have become too discouraged to fire off résumés. That’s a sign of a weak labor market. But the other 65 percent are people who have left the labor force and do not want a job

The incredible shrinking labor force - The Washington Post

 

[Dad2three]

My point was it wasn't driven by weather. They always pull some bullshit out of their asses to excuse this incompetent regime.

My point was it wasn't driven by weather. They always pull some bullshit out of their asses to excuse this incompetent regime.

Economists estimate severe weather could have chopped off as much as 1.5 percentage points from GDP growth


“This quarter reflects everything that’s been bad about the long and cold winter,” said Millan Mulraine, deputy head of U.S. research and strategy at TD Securities USA LLC in New York. “It betrays fairly strong underlying fundamentals that we believe continue to exist.”


Economic Growth in U.S. Probably Slowed by Harsh Winter Weather - Bloomberg

"The race isn't over yet for the economy. Things are better than you think. We are still expecting a strong finish to the year," said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ in New York.



U.S. economy stumbles in first-quarter, but prospects brighter | Reuters

The drop marked the economy's first contraction in three years, though economists say the downturn should be short-lived and likely doesn't herald a new recession. "Nobody likes to see a negative for growth," said Beth Ann Bovino, U.S. chief economist at Standard & Poor's Ratings Services. "But it doesn't change my expectation that the economy is recovering at a nice pace. I call it a recovery delayed."

Slower stockpiling of business inventories and severe winter weather combined to push the economy



U.S. GDP Contracted at 1% Pace in First Quarter - WSJ

Lol, yeah pundits and talking heads repeat the governments bullshit; not convincing.

When the labor force participation rate goes UP, food prices go DOWN, Immigration takes a long pause and immigrants stop replacing American citizens for jobs, then we will see the economy really pick up.

Meanwhile government statisticians of both parties simply stir the pot of statistical shit and paint new lies.

Got it, instead we listen to ideologues like you, who believes in myths and fairy tales and are NEVER honest!

 

[JimBowie1958]

"Shadowstats"

lol

"Ignoramus"

lol

Shadow Stats simply looks at what the numbers would look like had the FEds still used the old definitions and formulas from 1980 before the neocons under Reagan started jacking with them.

No, he doesn't. He adds on an arbitrary amount...usually 4-6% to the CPI-U. But, as I already pointed out, that would mean around 270% increase in prices since 1990 if he's correct. He's clearly not

I as referring to GDP calculations, not the CPI which is too complicated for any one person to calculate. MIT's Billion Price Index is based on total prices of all goods and does not reflect amount of purchase, as I understand it. The increase in oils price has far more impact than the drop in the price of retail prices via use of coupons.

Even so, they show inflation generally higher than the CPI does.

US Daily Index » The Billion Prices Project @ MIT

Williams defense of his methods:
Response to BLS Article on CPI Misconceptions

His chief complaint with the CPI is with use of Hedonic Regression and how it is used to fudge data. Hedonic regression supposedly counter-balances the higher cost of something by how much more functionality it has. If a bleeding edge PC costs $5000 today and was only $4000 two years ago, they balance that by looking at say a 50% increase in computing power, so the price you are paying for the computing power has actually gone down, though the price of the PC has gone up. They also include things like improvement in air quality, life style, etc , things that are simply not quantifiable in an objective way.

But anyone who has gone shopping and seen the price of bread go up from about $.45 in 1980 to $1.50 for wheat bread knows inflation is much higher than the CPI indicates.

Here is a site that gives average costs of various goods.

The Changing Prices of stuff in 70 years comparison of prices over the last 70yrs

This shows the change in prices of just the last 6 years

Our Current Price Basket of Goods, Services and Cost Of Living

Williams is far closer to the true inflation index than the CPI is.

 

[JimBowie1958]

My point was it wasn't driven by weather. They always pull some bullshit out of their asses to excuse this incompetent regime.

Economists estimate severe weather could have chopped off as much as 1.5 percentage points from GDP growth


“This quarter reflects everything that’s been bad about the long and cold winter,” said Millan Mulraine, deputy head of U.S. research and strategy at TD Securities USA LLC in New York. “It betrays fairly strong underlying fundamentals that we believe continue to exist.”


Economic Growth in U.S. Probably Slowed by Harsh Winter Weather - Bloomberg

"The race isn't over yet for the economy. Things are better than you think. We are still expecting a strong finish to the year," said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ in New York.



U.S. economy stumbles in first-quarter, but prospects brighter | Reuters

The drop marked the economy's first contraction in three years, though economists say the downturn should be short-lived and likely doesn't herald a new recession. "Nobody likes to see a negative for growth," said Beth Ann Bovino, U.S. chief economist at Standard & Poor's Ratings Services. "But it doesn't change my expectation that the economy is recovering at a nice pace. I call it a recovery delayed."

Slower stockpiling of business inventories and severe winter weather combined to push the economy



U.S. GDP Contracted at 1% Pace in First Quarter - WSJ

Lol, yeah pundits and talking heads repeat the governments bullshit; not convincing.

When the labor force participation rate goes UP, food prices go DOWN, Immigration takes a long pause and immigrants stop replacing American citizens for jobs, then we will see the economy really pick up.

Meanwhile government statisticians of both parties simply stir the pot of statistical shit and paint new lies.

Got it, instead we listen to ideologues like you, who believes in myths and fairy tales and are NEVER honest!

Lol, this is critical thinking in your opinion?


roflmao

 

[Mac1958]

Got it, instead we listen to ideologues like you...

Holy crap

.

 

[JimBowie1958]

How exactly are you claiming that works? What's the process that it's the statisticians (or economists) that are making a particular decision?

Dude here is some reading for you, if you really want to know.

Not Looking for Work: Why Labor Force Participation Has Fallen During the Recession

Obama Unemployment Magic Trick: Indefinitely Detain 4 Million People from Workforce - John Ransom - Townhall Finance Conservative Columnists and Financial Commentary - Page full

Making 9 Million Jobless "Vanish": How The Government Manipulates Unemployment Statistics by Daniel Amerman

Heritage, THERE is a 'study' without bias or spin, lol

The ‘demographics’ story

Demographics have always played a big role in the rise and fall of the labor force. Between 1960 and 2000, the labor force in the United States surged from 59 percent to a peak of 67.3 percent. That was largely due to the fact that more women were entering the labor force while improvements in health and information technology allowed Americans to work more years.

But since 2000, the labor force rate has been steadily declining as the baby-boom generation has been retiring. Because of this, the Federal Reserve Bank of Chicago expects the labor force participation rate to be lower in 2020 than it is today, regardless of how well the economy does.

In a March report titled “Dispelling an Urban Legend,” Dean Maki, an economist at Barclays Capital, found that demographics accounted for a majority of the drop in the participation rate since 2002.


A smaller workforce means less growth

And what about the most recent downturn? Based on survey data, Maki found that about 35 percent of Americans who have dropped out of the labor force since the recession began in 2007 do want a job, but they have become too discouraged to fire off résumés. That’s a sign of a weak labor market. But the other 65 percent are people who have left the labor force and do not want a job

The incredible shrinking labor force - The Washington Post

Lol, yes, even the Washington Post would say that the Obama Regime is counting 35% more out of the labor pool than is justified and you think that supports your claims instead of mine?

roflmao you are too stupid for words.