More economic good news! GDP rebounds 4%

[Toro]

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.

Actually, the Fed's job is price stability and full employment. It has no mandate to maintain the value of the dollar.

 

[Toro]

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

Yet.

 

[Sallow]

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.

Bernanke deserves a good amount of credit too.

And he was raked over the coals by conservatives.

 

[Sallow]

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

Yet.

And the one positive thing about a 0 interest rate?

Is that you have alot of options to deal with inflation.

 

[Toro]

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

Yet.

And the one positive thing about a 0 interest rate?

Is that you have alot of options to deal with inflation.

We'll see.

The inflation spawned by central banks over the past 15 years hasn't been in consumer prices but in asset prices.

 

[Moonglow]

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.

It was a prognostication on the very easy to portend rwer's and their hate for Oblama, democrats, the economy and Americans. No good news is good news to them since their president is not in office...

 

[KissMy]

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.

Actually, the Fed's job is price stability and full employment. It has no mandate to maintain the value of the dollar.

What is price stability if not maintaining the value of the dollar? It's the only currency used for the prices they maintain.

 

[Zander]

yawn.....these numbers will be revised downward on August 28th, then again in September. It will turn out to be about 2%...that will mean that LWNJ's are celebrating 0% GDP growth YTD.

Woo. Hoo.

 

[rightwinger]

yawn.....these numbers will be revised downward on August 28th, then again in September. It will turn out to be about 2%...that will mean that LWNJ's are celebrating 0% GDP growth YTD.

Woo. Hoo.

Let me guess......The economy must fail?

 

[Zander]

yawn.....these numbers will be revised downward on August 28th, then again in September. It will turn out to be about 2%...that will mean that LWNJ's are celebrating 0% GDP growth YTD.

Woo. Hoo.

Let me guess......The economy must fail?

Don't let me ruin your celebration..... 0% growth is still better than negative growth.

 

[ShootSpeeders]

And the stock market is down because everybody knows the number is a lie. Obozo is a pathological liar.

 

[KissMy]

Yet.

And the one positive thing about a 0 interest rate?

Is that you have alot of options to deal with inflation.

We'll see.

The inflation spawned by central banks over the past 15 years hasn't been in consumer prices but in asset prices.

There was massive consumer price inflation from year 2002 to 2011.

 

[ShootSpeeders]

What else is cooked?

The Stock Market?
Unemployment?


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

Haven't you heard of the PPT? The govt ADMITS they rig the stock market.

The economy is awful and everybody but the govt shills know it.

 

[nodoginnafight]

Only pay attention to the numbers that support your ideology. And if there aren't any, just claim they are lies.

 

[Mac1958]

.

For those of us who don't view everything through a distorted, partisan prism -- the majority -- this is good and hopeful news, and we still recognize that many potential pitfalls and challenges remain.

Good news is good news, and there's no good reason to downplay it.

.

 

[Avorysuds]

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

It's great news! Now can we stop handing trillion to rich bankers to loan the peeons that make up the majority of America?

 

[Avorysuds]

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

I think we are

As usual you think wrong.

 

[Avorysuds]

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

Yes, because the trillion dollar a year stimulus has not stopped...

 

[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.

What passes for insightful economic analysis to Conservatives

so Moonglow makes a stupid Liberal comment, you say nothing. A Conservative responds to a stupid Liberal comment and you respond.

Typical Liberal hypocrite.

 

[Zander]

.

For those of us who don't view everything through a distorted, partisan prism -- the majority -- this is good and hopeful news, and we still recognize that many potential pitfalls and challenges remain.

Good news is good news, and there's no good reason to downplay it.

.

Measured on a quarter-on-quarter basis, GDP grew by 1%. That's good news? Seriously?