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What are you trying to say?
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DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts. -
The economy more than likely still grew in Q2. The big melt down comes after. Positive data from pre-Lehman Brothers meltdown means absolutely nothing right now.Originally posted by Colonâ„¢
What are you trying to say?"The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists."
-Joan RobinsonComment
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Sigh...DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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All the GDP figures for this year are completely meaningless. The changes in the money supply and money velocity are so enormous that all the money adjustments built into the GDP numbers for this year are meaningless. So the final figure is also meaningless.
We really have no idea whether the economy grew in the second quarter or not. However given the collapse of the housing industry, the collapse of auto sales and the huge run-up in the price of oil.....
I think it is fair to say that---- whatever the economy did in the second quarter---- it wasn't good.VANGUARDComment
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People vote their pocketbooks, not the GDP. And in terms of the candidates, anyone claiming the US is not already in a recession would just be considered out of touch.
The thread's title question is essentially a non sequitur.Apolyton's Grim Reaper 2008, 2010 & 2011
RIP lest we forget... SG (2) and LaFayette -- Civ2 Succession Games Brothers-in-ArmsComment
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How does an economy grow and less people have jobs?Originally posted by Victor Galis
The economy more than likely still grew in Q2.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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When the people lost their jobs other people took the money that would have been their wages. Why do you think that their is nothing that gets stock buyers hot & nasty for a company's stock like news that the company is 'downsizing'?"I say shoot'em all and let God sort it out in the end!Comment
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Hey, only down 128 points is actually good news. Over the 10 previous days the DOW was down 20%. That's your average correction in just a week and a half.Originally posted by Mrs Snuggles
Let the good times roll!
The Dow's down just 128 points!
And, interest rates are down, too! Woohoo!
BTW by all reports the credit crunch/liquidity crisis is still getting worse so we can expect things to get worse as time goes on as more and more small businesses can't get access to capital.Try http://wordforge.net/index.php for discussion and debate.Comment
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It depends. If they lay off people but can maintain sales/profits then their efficiency went up (fewer people making the same money so each employee is generating more profit) but if sales/profits go down then they didn't really get ahead.Originally posted by Dr Strangelove
When the people lost their jobs other people took the money that would have been their wages. Why do you think that their is nothing that gets stock buyers hot & nasty for a company's stock like news that the company is 'downsizing'?Try http://wordforge.net/index.php for discussion and debate.Comment
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But when the economy as a whole is losing jobs every month, it's not because companies are becoming more efficient. It's because they expect the economy to get worse so they don't hire, and they lay people off. You can't say the economy is growing in this case no matter what the GDP numbers are.Originally posted by Dr Strangelove
When the people lost their jobs other people took the money that would have been their wages. Why do you think that their is nothing that gets stock buyers hot & nasty for a company's stock like news that the company is 'downsizing'?I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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You can depending on how you define things. That's exactly what makes the GDP numbers misleading and potentially useless.Originally posted by Kidicious
But when the economy as a whole is losing jobs every month, it's not because companies are becoming more efficient. It's because they expect the economy to get worse so they don't hire, and they lay people off. You can't say the economy is growing in this case no matter what the GDP numbers are."The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists."
-Joan RobinsonComment
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You're an idiot, Colon.
Let's see:
Consumer's expenditures fell by no less than an annualised 3.1% according to the preliminary reading. First contraction since '91. Investments down 1.9%, of which capital expenditures (not including structures) were down 5.9%. Double digit declines in residential construction are somewhat routine now.
Exports and gov't expenditures somewhat managed to mitigate the impact of the above on headline GDP however, so it only fell by an annualised 0.3%. Considering the surge of the USD lately, I expect the former support to be gone in the 4th quarter. (though residential construction may not decline as much as it it did the recent quarters).
To those hung up on the 2 consecutive quarters of contraction: it's a 98.57% certainty. VJ will probably spend a few more quarters in hiding.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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oh now i get it
Originally posted by VJ
You're an idiot, Colon.Originally posted by European intellectual elite consensus during the years 2002, 2003, 2004, 2005, 2006, 2007 and 2008
The thing is that the [US economic] numbers actually are pointing to an economy on the verge of a recession.
Yeah yeah, there still isn't any sort of concrete proof for recession in the US, but the VERY LATEST figures are actually indicating an upcoming recession so let's talk about how bad the US economy is doing. Meanwhile, let's not get angry at our own politicians because we're not paying attention to how our Eurozone economies are doing.Originally posted by ColonAs I said, there was a big drop in July and considering the absence of supporting factors (rising unemployment, no more tax rebates...) there's a good possibility August and September won't make up for it.
We'll see.iow, you're using a strawman argumentOriginally posted by Colon
Originally posted by VJ
You're an idiot, Colon.
Let's see:
Consumer's expenditures fell by no less than an annualised 3.1% according to the preliminary reading. First contraction since '91. Investments down 1.9%, of which capital expenditures (not including structures) were down 5.9%. Double digit declines in residential construction are somewhat routine now.
Exports and gov't expenditures somewhat managed to mitigate the impact of the above on headline GDP however, so it only fell by an annualised 0.3%. Considering the surge of the USD lately, I expect the former support to be gone in the 4th quarter. (though residential construction may not decline as much as it it did the recent quarters).
To those hung up on the 2 consecutive quarters of contraction: it's a 98.57% certainty. VJ will probably spend a few more quarters in hiding.
brilliant. congratulations. you're a winner. now go back to flame warriors to fight your imaginary wars against other postersComment
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Of course the damage is less than Wall Street was expecting, so rally on! (at least for now).Originally posted by Colonâ„¢
Consumer's expenditures fell by no less than an annualised 3.1% according to the preliminary reading. First contraction since '91. Investments down 1.9%, of which capital expenditures (not including structures) were down 5.9%. Double digit declines in residential construction are somewhat routine now.
Exports and gov't expenditures somewhat managed to mitigate the impact of the above on headline GDP however, so it only fell by an annualised 0.3%. Considering the surge of the USD lately, I expect the former support to be gone in the 4th quarter. (though residential construction may not decline as much as it it did the recent quarters).
To those hung up on the 2 consecutive quarters of contraction: it's a 98.57% certainty.Comment
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