More economic good news! GDP rebounds 4%

[Rocko]

It's good news , unless you're a rightwinger on USMB...

And the only reason why this is good news for a leftwinger on USMB is they get to lick Obama's asshole some more.

What passes for insightful economic analysis to Conservatives

It wasn't economic analysis. A generalization was made about rightwingers on USMB, so in turn I made one about leftwingers on USMB, to be fair. You have no problem with me being fair, do you?

 

[Mac1958]

This is a rebound from the -2% contraction in Q1, which was driven by weather.

Yeah. A 3.0% to 3.2% 3Q wouldn't be a letdown after this, but then we need consistent growth, 3.5% to 4.0%.

Consumer confidence was up quite a bit, maybe a good sign.

.

 

[Papageorgio]

It's good news , unless you're a rightwinger on USMB...

And the only reason why this is good news for a leftwinger on USMB is they get to lick Obama's asshole some more.

I am more concerned about the USA than making political points on a thread..But I can see where your mind likes to put ones tongue upon...

Bull shit, you would not have mentioned "unless you're a rightwinger on USMB" if you were concerned about making political points on a thread.

 

[ScreamingEagle]

so........can we stop QE now.....?

I think we are

so........when the stock market crashes then what.....?

 

[Misty]

You do realize that the Obama administration is pumping the economy with taxpayer dollars and that it can't be sustained right. It's a band~aid on a slit throat.

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

 

[Papageorgio]

This is a rebound from the -2% contraction in Q1, which was driven by weather.

Yeah. A 3.0% to 3.2% 3Q wouldn't be a letdown after this, but then we need consistent growth, 3.5% to 4.0%.

Consumer confidence was up quite a bit, maybe a good sign.

.

I hope things keep progressing, this country needs more and better paying jobs. Small businesses need a strong economy.

 

[rightwinger]

so........can we stop QE now.....?

I think we are

so........when the stock market crashes then what.....?

You guys have been predicting a stock market crash ever since Obama took office. In the mean time, it has more than doubled

 

[deltex1]

Dow down 16

 

[rightwinger]

You do realize that the Obama administration is pumping the economy with taxpayer dollars and that it can't be sustained right. It's a band~aid on a slit throat.

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

It was an effective strategy by the Fed...It worked

And we still haven't seen the runaway inflation and stock market crash predicted by the conservatives

 

[Rocko]

so........can we stop QE now.....?

Janet Yellen hasn't officially announced anything yet but the feeling is they'll stop it in October, and their excuse for tuning it so long was unemployment, not GDP.

 

[deltex1]

You do realize that the Obama administration is pumping the economy with taxpayer dollars and that it can't be sustained right. It's a band~aid on a slit throat.

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

It was an effective strategy by the Fed...It worked

And we still haven't seen the runaway inflation and stock market crash predicted by the conservatives

Keep that bag over your head...you won't feel a thing..

 

[jknowgood]

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

I guess we can thank the republicans for blocking everything Obama has tried to do. At least that's what liberals have been bitching about for years

 

[rightwinger]

You do realize that the Obama administration is pumping the economy with taxpayer dollars and that it can't be sustained right. It's a band~aid on a slit throat.

It was an effective strategy by the Fed...It worked

And we still haven't seen the runaway inflation and stock market crash predicted by the conservatives

Keep that bag over your head...you won't feel a thing..

It did work

Post something that proves otherwise

 

[Rocko]

It was an effective strategy by the Fed...It worked

And we still haven't seen the runaway inflation and stock market crash predicted by the conservatives

Keep that bag over your head...you won't feel a thing..

It did work

Post something that proves otherwise

You're asking him to prove a negative. Prove it did work.

 

[KissMy]

so........can we stop QE now.....?

Janet Yellen hasn't officially announced anything yet but the feeling is they'll stop it in October, and their excuse for tuning it so long was unemployment, not GDP.

The Feds dual mandate does not include GDP or Stock Market. The Fed is supposed to stabilize the US dollar & maximize employment. Janet Yellen is doing a fine job so far. Mr. Magoo Greenspan failed at his job.

 

[rightwinger]

Keep that bag over your head...you won't feel a thing..

It did work

Post something that proves otherwise

You're asking him to prove a negative. Prove it did work.

OK

Stock market more than doubled, $20 trillion in wealth added to the economy, unemployment dropped over 4%

All without the devalued dollar, runaway inflation and stock market collapse predicted by Conservatives

 

[nodoginnafight]

Good news - I'm not dancing in the streets yet, but I am growing cautiously more optimistic.

 

[Rocko]

It did work

Post something that proves otherwise

You're asking him to prove a negative. Prove it did work.

OK

Stock market more than doubled, $20 trillion in wealth added to the economy, unemployment dropped over 4%

All without the devalued dollar, runaway inflation and stock market collapse predicted by Conservatives

Was that the goal?

 

[KissMy]

The second quarter GDP was again held back by wet weather in the south halting new home & business construction while construction the rest of the country exploded. Next quarter GDP should be off the chain.

 

[Sallow]

That's one way to look at it.

Q2 GDP Surges 4%, Beats Estimates Driven By Inventories, Fixed Investment Spike; Historical Data Revised | Zero Hedge

What is interesting is that the Commerce Department announced that as a result of incomplete June data, the biggest components of the GDP beat, Inventories and Trade, were estimated. In other words, assume that future revisions of Q2 GDP will be lower, not higher, as the actual data comes in, and especially as the CapEx data, which contrary to the GDP report, has not rebounded.

Based on Inventories. In the Auto Industry that's called "Channel Stuffing".

The same article also notes:
"Speaking of revisions, today the BEA also released its annual revision of all data from 1999 to Q1 2014, which made last quarter's "harsh weather" -2.9% print a more palatable -2.1%, in the process throwing everyone's trendline calculations off as yet another GDP redefinition was implemented."

So if you cant make your economy perform to expectations, just redefine how those expectations are statistically measured. It would be like Obama was trying to run a 100 yard dash in less than 10 seconds, so he officially shortened the yard to 26" and finally made his goal.

:/

Only the absolutely gullible fools by these cooked statistics. The remaining question is "When does this 'House of Cards' finally collapse?"

What else is cooked?

The Stock Market?
Unemployment?


The economy is doing well. At the very least you guys should admit to reality.