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3 Re: Economy shrinks 2.9% 6/25/2014, 9:58 am
Guest
Guest
One step forward and then three steps backwards. Instead of fixing the economy this goofball decided to toss in social reforms and hopey changey
FAIL
FAIL
4 Re: Economy shrinks 2.9% 6/25/2014, 9:59 am
Guest
Guest
Carter is somewhere toasting Obama as worst POTUS ever.
5 Re: Economy shrinks 2.9% 6/25/2014, 10:02 am
boards of FL
Definitely not a good report. Then again, we have had steady expansion since Q1 2011 and also had an actual winter. The economy can't expand forever.
http://en.wikipedia.org/wiki/Business_cycle
http://en.wikipedia.org/wiki/Business_cycle
Last edited by boards of FL on 6/25/2014, 10:21 am; edited 1 time in total
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6 Re: Economy shrinks 2.9% 6/25/2014, 10:09 am
Sal
Two thirds of the downward revision is directly due to reduced healthcare spending, so it's not really the catastrophe you were hoping for.
8 Re: Economy shrinks 2.9% 6/25/2014, 11:28 am
boards of FL
PACEDOG#1 wrote:FAIL belongs to your boy.
What fail? One quarter of contraction after several years of expansion?
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10 Re: Economy shrinks 2.9% 6/25/2014, 11:36 am
Sal
PACEDOG#1 wrote:Uh, the quarter before that was -1%.
Try again.
12 Re: Economy shrinks 2.9% 6/25/2014, 11:42 am
Sal
PACEDOG#1 wrote:It's 1937 all over again...
The derpitude is strong in this one ....
14 Re: Economy shrinks 2.9% 6/25/2014, 1:47 pm
boards of FL
PACEDOG#1 wrote:Uh, the quarter before that was -1%.
Stand corrected.
http://www.bea.gov/newsreleases/national/gdp/2014/gdp4q13_3rd.htm
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15 Re: Economy shrinks 2.9% 6/25/2014, 7:40 pm
Markle
This is a catastrophe. Each revision, as more numbers became available, has gone from bad to worse.
The stock market goes up because they know that the Federal Reserve will continue printing money which, through a circuitous route, ends up in the stock market making the rich richer.
Meanwhile, due to increased taxes, drastically increased regulations and punishing legislation, the average workers income has plunged. Thank you president Barack Hussein Obama.
Economy
Economy in freefall? 1Q revision shows shrinkage of 2.9%
Published June 25, 2014
·FoxNews.com
America's economy shrank at a drastic 2.9 percent annual rate in the first quarter, a far more alarming picture than ones painted in two previous government estimates -- including one that actually claimed modest growth.
The new figure released Wednesday by the Commerce Department is nearly three times lower than last month's preliminary estimate of 1 percent shrinkage -- at the time the worst three-month performance since 2009 -- and far greater than the 0.1 percent growth estimate in April. The sluggish economy's woes have been widely attributed to an unusually cold winter, but the latest figure -- the biggest difference between second and third estimates since 1976 -- could indicate far greater problems.
While economists attributed those bad numbers to weather and other factors, the jarring number, dubbed "an absolute disaster" by Wall Street blog ZeroHedge.com - is more difficult to dismiss.
Read more: http://www.foxnews.com/us/2014/06/25/economy-in-freefall-1q-revision-shows-shrinkage-2/?intcmp=latestnews
The stock market goes up because they know that the Federal Reserve will continue printing money which, through a circuitous route, ends up in the stock market making the rich richer.
Meanwhile, due to increased taxes, drastically increased regulations and punishing legislation, the average workers income has plunged. Thank you president Barack Hussein Obama.
Economy
Economy in freefall? 1Q revision shows shrinkage of 2.9%
Published June 25, 2014
·FoxNews.com
America's economy shrank at a drastic 2.9 percent annual rate in the first quarter, a far more alarming picture than ones painted in two previous government estimates -- including one that actually claimed modest growth.
The new figure released Wednesday by the Commerce Department is nearly three times lower than last month's preliminary estimate of 1 percent shrinkage -- at the time the worst three-month performance since 2009 -- and far greater than the 0.1 percent growth estimate in April. The sluggish economy's woes have been widely attributed to an unusually cold winter, but the latest figure -- the biggest difference between second and third estimates since 1976 -- could indicate far greater problems.
While economists attributed those bad numbers to weather and other factors, the jarring number, dubbed "an absolute disaster" by Wall Street blog ZeroHedge.com - is more difficult to dismiss.
Read more: http://www.foxnews.com/us/2014/06/25/economy-in-freefall-1q-revision-shows-shrinkage-2/?intcmp=latestnews
16 Re: Economy shrinks 2.9% 6/25/2014, 7:55 pm
Guest
Guest
Markle wrote:This is a catastrophe. Each revision, as more numbers became available, has gone from bad to worse.
The stock market goes up because they know that the Federal Reserve will continue printing money which, through a circuitous route, ends up in the stock market making the rich richer.
Meanwhile, due to increased taxes, drastically increased regulations and punishing legislation, the average workers income has plunged. Thank you president Barack Hussein Obama.
Economy
Economy in freefall? 1Q revision shows shrinkage of 2.9%
Published June 25, 2014
·FoxNews.com
America's economy shrank at a drastic 2.9 percent annual rate in the first quarter, a far more alarming picture than ones painted in two previous government estimates -- including one that actually claimed modest growth.
The new figure released Wednesday by the Commerce Department is nearly three times lower than last month's preliminary estimate of 1 percent shrinkage -- at the time the worst three-month performance since 2009 -- and far greater than the 0.1 percent growth estimate in April. The sluggish economy's woes have been widely attributed to an unusually cold winter, but the latest figure -- the biggest difference between second and third estimates since 1976 -- could indicate far greater problems.
While economists attributed those bad numbers to weather and other factors, the jarring number, dubbed "an absolute disaster" by Wall Street blog ZeroHedge.com - is more difficult to dismiss.
Read more: http://www.foxnews.com/us/2014/06/25/economy-in-freefall-1q-revision-shows-shrinkage-2/?intcmp=latestnews
Not only that, how in the hell can these people not see how they are pumping money into the rich on wallstreet, while sucking the living daylights out of the middle class?
What the hell is wrong with these people?
The gov has a ONE WAY money laundering cycle going on with the rich. Let me explain.
Money pumped to rich via QE wallstreet which causes their investment portfolios to expand, then they have to turn around and give most(not all) of that back to the GOv. And the gov gives it to the poor keeping us still in debt even though gov is collecting record amounts of tax. Whos in the middle? The middle class getting F'D
Now anyone who thinks this is a good economy is either the rich, the gov, welfare recipient, retired wealthy or trust fund baby.. oh wait, just let me say anyone who isn't the working middle class probably thinks this is a good economy.... baaaa
17 Re: Economy shrinks 2.9% 6/25/2014, 8:11 pm
Guest
Guest
Down is up... we now owe the federal reserve nearly 4 TRILLION dollars... with interest.
I know I would appreciate boards or seagoat explaining to us where the fed got that money from to loan us.
We now owe more debt than our entire annual GDP.
Yea team... bad is good.
I know I would appreciate boards or seagoat explaining to us where the fed got that money from to loan us.
We now owe more debt than our entire annual GDP.
Yea team... bad is good.
18 Re: Economy shrinks 2.9% 6/25/2014, 8:41 pm
ZVUGKTUBM
It appears that PaceDog, Markle, and Chrissy want the U.S economy to fail badly--and Americans to suffer horribly--just so they can blame the President for it all. Be sure and vote more Republicans into office this coming November!!!!!!
19 Re: Economy shrinks 2.9% 6/25/2014, 10:41 pm
Guest
Guest
ZVUGKTUBM wrote:It appears that PaceDog, Markle, and Chrissy want the U.S economy to fail badly--and Americans to suffer horribly--just so they can blame the President for it all. Be sure and vote more Republicans into office this coming November!!!!!!
No, I want the dumbasses in the white house to stop screwing middle class workers.
20 Re: Economy shrinks 2.9% 6/26/2014, 9:41 am
boards of FL
Markle wrote:This is a catastrophe. Each revision, as more numbers became available, has gone from bad to worse.
And data that has came out since the first quarter suggests a broadly expanding economy. Catastrophe averted?
https://pensacoladiscussion.forumotion.com/t15211-philadelphia-fed-survey-points-to-acceleration-in-manufacturing#185673
https://pensacoladiscussion.forumotion.com/t15210-the-conference-board-s-index-of-leading-indicators-suggest-solid-and-broad-based-strength-in-may#185672
https://pensacoladiscussion.forumotion.com/t15209-bloomberg-consumer-comfort-index-soars-to-recovery-high#185671
https://pensacoladiscussion.forumotion.com/t15208-initial-jobless-claims-4-week-average-falls-11000-continuing-downward-trend#185670
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21 Re: Economy shrinks 2.9% 6/26/2014, 10:29 am
Hospital Bob
boards of FL wrote:Markle wrote:This is a catastrophe. Each revision, as more numbers became available, has gone from bad to worse.
And data that has came out since the first quarter suggests a broadly expanding economy. Catastrophe averted?
https://pensacoladiscussion.forumotion.com/t15211-philadelphia-fed-survey-points-to-acceleration-in-manufacturing#185673
https://pensacoladiscussion.forumotion.com/t15210-the-conference-board-s-index-of-leading-indicators-suggest-solid-and-broad-based-strength-in-may#185672
https://pensacoladiscussion.forumotion.com/t15209-bloomberg-consumer-comfort-index-soars-to-recovery-high#185671
https://pensacoladiscussion.forumotion.com/t15208-initial-jobless-claims-4-week-average-falls-11000-continuing-downward-trend#185670
If the economy has been broadly expanding since the end of March, then the 2nd quarter should us a "broadly expanding" increase in the GDP.
I'll be interested to see what that figure is three months from now.
22 Re: Economy shrinks 2.9% 6/26/2014, 11:08 am
boards of FL
Bob wrote:If the economy has been broadly expanding since the end of March, then the 2nd quarter should us a "broadly expanding" increase in the GDP.
Correct. It should, and I suspect it will.
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23 Re: Economy shrinks 2.9% 6/26/2014, 1:45 pm
Guest
Guest
If "ifs and buts were candy and nuts, everyday would be Christmas" according to you.
24 Re: Economy shrinks 2.9% 6/26/2014, 3:54 pm
Guest
Guest
Liberals think they can sugar coat a turd and make it a twinky lol
25 Re: Economy shrinks 2.9% 6/26/2014, 4:30 pm
Markle
ZVUGKTUBM wrote:It appears that PaceDog, Markle, and Chrissy want the U.S economy to fail badly--and Americans to suffer horribly--just so they can blame the President for it all. Be sure and vote more Republicans into office this coming November!!!!!!
YOU are the one who wants the economy to fail and it is failing miserably. YOU support President Barack Hussein Obama and his failed policies. Not us.
The rich are getting richer at a faster pace, median income is dropping and our debt is going through the roof. The rest of the world has lost their trust in us except for our enemies who are celebrating and taking over entire countries.
You must be so proud.
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