Seeking Alpha

GDP exceeds expectations,

  • GDP Q2: +1.7% vs. +1.1% expected, +1.8% previous.
Comments (13)
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    We're really cookin' now...
    31 Jul 2013, 09:14 AM Reply Like
  • Big Bad Bulls
    , contributor
    Comments (183) | Send Message
     
    The green shoots of summer 2009 have sure grown, haven't they?
    31 Jul 2013, 09:17 AM Reply Like
  • Akaralph
    , contributor
    Comments (2075) | Send Message
     
    Unfortunately, this is more of the same typical data manipulation. If you note, they revised the last quarter downward from 1.8% to 1.1%.

     

    I assume that next quarter they will follow the same track.
    31 Jul 2013, 09:20 AM Reply Like
  • bbrady413
    , contributor
    Comments (764) | Send Message
     
    Don't forget, they originally started Q1 at 2.4%, and in the end it was 1.1%. Now we're starting at 1.8%. I think we'll be lucky to be above 1% when all the revisions are complete.
    31 Jul 2013, 10:45 PM Reply Like
  • John Cusack's Pancreas
    , contributor
    Comments (44) | Send Message
     
    The Ministry of Propaganda is really pulling out all the stops now! Chinese rating agency Dagong lists US GDP at 6 trillion. 10 trillion if underreported inflation since the 80's.
    31 Jul 2013, 09:24 AM Reply Like
  • Big Bad Bulls
    , contributor
    Comments (183) | Send Message
     
    .1% 4th qtr 2012
    1.1% 1st qtr 2013 revised down from 1.8%
    1.7% 2nd qtr 2013

     

    It would be expected that this number will be revised down just like every other number. However, the one number you can count on being revised up each week is the job claims number...

     

    Tremendous growth...this admin only cares about one thing...govt control. Maybe they should listen to Friedman...
    31 Jul 2013, 09:27 AM Reply Like
  • nashbyron
    , contributor
    Comments (10) | Send Message
     
    Wow! Huge beat.
    31 Jul 2013, 09:28 AM Reply Like
  • Bear Bait
    , contributor
    Comments (690) | Send Message
     
    I suggest all you nay sayers short the market!
    31 Jul 2013, 09:28 AM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    With $85 billlion a month in QE and ZIRP? No thanks.

     

    Stagflation (at least for the middle classes) is here to stay.
    31 Jul 2013, 11:13 AM Reply Like
  • june1234
    , contributor
    Comments (3255) | Send Message
     
    In the rising rate environment we now have and over $40 trillion worth of cheap highly leveraged under-insured US issued bond debt out there nobody's paying much attention to GDP or job numbers cause they won't matter if rates keep rising; besides with their track record a revision is almost certain(wish they had an ETF for that one)
    31 Jul 2013, 09:49 AM Reply Like
  • kingcozzi
    , contributor
    Comments (127) | Send Message
     
    These numbers are known to get revised down.
    31 Jul 2013, 10:32 AM Reply Like
  • positivethoughts
    , contributor
    Comments (2011) | Send Message
     
    Why are we spending 6% into deficit - 1Trillion deficit per year into a 16 trillion dollar economy - in order to achieve 1 - 2% growth.

     

    Would any business increase expenses 6% in order to get a 1-2% increase in revenues?

     

    The government is purposely trying to destroy wealth. This is ON PURPOSE! It is by design.
    31 Jul 2013, 01:46 PM Reply Like
  • EK1949
    , contributor
    Comments (1699) | Send Message
     
    "Real federal government consumption expenditures and gross investment decreased 1.5 percent
    in the second quarter, compared with a decrease of 8.4 percent in the first. National defense decreased
    0.5 percent, compared with a decrease of 11.2 percent. Nondefense decreased 3.2 percent, compared
    with a decrease of 3.6 percent."

     

    The numbers will be revised later, but it looks like the sequester is slowing down. With less drag the private sector expansion will speed up.
    31 Jul 2013, 05:20 PM Reply Like
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