Disappointing GDP Results

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  • scott
    Go-to Guru
    • Tuesday, October 1, 2013
    • 15799
    #1

    Disappointing GDP Results

    GDP slows to 2.1% in second quarter but beats expectations thanks to strong consumer
    • GDP rose 2.1% in the second quarter, down from 3.1% in Q1.
    • The growth was better than Wall Street estimates for a 2% gain.
    • Consumer expenditures rose 4.3% while business investment slumped 5.5%

    https://www.cnbc.com/2019/07/26/us-g...rter-2019.html

    Norm may get his wish after all.

    These results are not good - and I don't mean not good for Trump or Republicans, I mean these are not good results for the American people.
    "Faith is nothing but a firm assent of the mind : which, if it be regulated, as is our duty, cannot be afforded to anything but upon good reason, and so cannot be opposite to it."
    -John Locke

    "It's all been melded together into one giant, authoritarian, leftist scream."
    -Newman

    "Grievance groups are playing King of the Hill."
    -Newman
    Tags: None
    • Billy Jingo
      I shave with Occam's Razor
      • Wednesday, October 2, 2013
      • 18663
      #2
      I guess a debt financed trillion dollar stock by back wasn’t enough to overcome all the sand that idiot has thrown into the gears of commerce.
      “One day, when it's safe, when there's no personal downside to calling a thing what it is, when it's too late to hold anyone accountable, everyone will have always been against this.”

      ~ Omar El Akkad
      ​

        Comment

        • 80zephyr
          Senior Member
          • Saturday, January 3, 2015
          • 19074
          #3
          Sorta like quantitative easing?

          Mark
          Race Card: A tool of the intellectually weak and lazy when they cannot counter a logical argument or factual data.

          "Liberals have to stop insisting that the world is what they want it to be instead of the way it is." - Bill Maher

          Political correctness is ideological fascism. It’s the antithesis of freedom. Dr. Piper

          Gender is not a "Social Construct", it is an outgrowth of biological reality.

            Comment

            • Novaheart
              Guardian of civilization
              • Tuesday, October 1, 2013
              • 6070
              #4
              What Billy Jingo said!
              The year's at the spring
              And day's at the morn;
              Morning's at seven;
              The hill-side's dew-pearled;
              The lark's on the wing;
              The snail's on the thorn:
              God's in his heaven—
              All's right with the world!

                Comment

                • Novaheart
                  Guardian of civilization
                  • Tuesday, October 1, 2013
                  • 6070
                  #5
                  Originally posted by 80zephyr View Post
                  Sorta like quantitative easing?

                  Mark
                  Drink prune juice and you won't have to deal with that.
                  The year's at the spring
                  And day's at the morn;
                  Morning's at seven;
                  The hill-side's dew-pearled;
                  The lark's on the wing;
                  The snail's on the thorn:
                  God's in his heaven—
                  All's right with the world!

                    Comment

                    • scott
                      Go-to Guru
                      • Tuesday, October 1, 2013
                      • 15799
                      #6
                      Originally posted by Billy Jingo
                      I guess a debt financed trillion dollar stock by back wasn’t enough to overcome all the sand that idiot has thrown into the gears of commerce.
                      So now the debt matters to you?
                      "Faith is nothing but a firm assent of the mind : which, if it be regulated, as is our duty, cannot be afforded to anything but upon good reason, and so cannot be opposite to it."
                      -John Locke

                      "It's all been melded together into one giant, authoritarian, leftist scream."
                      -Newman

                      "Grievance groups are playing King of the Hill."
                      -Newman

                        Comment

                        • Adam
                          The way to a woman's heart is through her taste buds.
                          • Tuesday, October 1, 2013
                          • 16885
                          #7
                          Meh. I'm not going to run around flailing my arms in the air just yet. Disappointing, yes, but still positive. The Fed is going to trim the interest rate a bit. This can still be righted.

                          I think that part of this could be just a leveling-off due to everything else being so much better. Wages are way up, unemployment practically doesn't exist anymore, people are moving up into better, higher-paying jobs (which is why every fast food place is hiring), and at some point we've just run out of people to go anywhere for a while.
                          It's been ten years since that lonely day I left you
                          In the morning rain, smoking gun in hand
                          Ten lonely years but how my heart, it still remembers
                          Pray for me, momma, I'm a gypsy now

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