GDP grows 4% in Q2


GDP Q2: +4% vs. +3% expected, -2.1% previous (revised from -2.9%).

Comments (15)
  • Cagdas Ozgenc
    , contributor
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    I wonder what theory zerohedge will come up with this time.
    30 Jul 2014, 08:35 AM Reply Like
  • Vitali Tchalov
    , contributor
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    - Real final sales of domestic product -- GDP less change in private inventories -- increased 2.3
    percent in the second quarter, in contrast to a decrease of 1.0 percent in the first.
    - The price index for gross domestic purchases, which measures prices paid by U.S. residents,
    increased 1.9 percent in the second quarter...
    So, it seems it's 0.4% of growth excluding build-up in inventories (in anticipation of sales) and after adjusting for inflation. Not very spectacular, is it? Or, I'm not reading it right?
    30 Jul 2014, 08:54 AM Reply Like
  • snoopy44
    , contributor
    Comments (1485) | Send Message
     
    Vitali:
    Yes you are reading it right. Stripping out the build-up in inventories shows a very mediocre gain. In all likelihood this report will be revised DOWNWARD in the coming months.

     

    S.
    30 Jul 2014, 10:46 AM Reply Like
  • flemsnopes
    , contributor
    Comments (124) | Send Message
     
    So, pedal to the metal on the taper? Will good news be bad news or is any news , good news?
    30 Jul 2014, 08:35 AM Reply Like
  • bbro
    , contributor
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    Year over Year Nominal GDP growth 4.0%,,,,strong rebound in the postponable purchases category
    30 Jul 2014, 08:35 AM Reply Like
  • SivBum
    , contributor
    Comments (2737) | Send Message
     
    Real GDP, not nominal:

     

    Real gross domestic product -- the output of goods and services produced by labor and property
    located in the United States -- increased at an annual rate of 4.0 percent in the second quarter of 2014,
    according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter,
    real GDP decreased 2.1 percent (revised).
    30 Jul 2014, 08:39 AM Reply Like
  • bbro
    , contributor
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    Year over year nominal growth....read the post
    30 Jul 2014, 08:40 AM Reply Like
  • Rinascimento
    , contributor
    Comments (1631) | Send Message
     
    Oh yes great we are on back on the road to recovery again
    30 Jul 2014, 08:37 AM Reply Like
  • Steven Couche
    , contributor
    Comments (295) | Send Message
     
    Even two more quarters of 4% growth would only be 2.5% for the year...maybe 2015 will be the year we catch the elusive 3% unicorn
    30 Jul 2014, 08:38 AM Reply Like
  • bbro
    , contributor
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    This is a strong report....
    30 Jul 2014, 08:46 AM Reply Like
  • mrdirt
    , contributor
    Comments (766) | Send Message
     
    Wait for the next revision on Aug 28th. For the Past 6 yrs we have seen "strong reports" which replaced "green shoots".
    30 Jul 2014, 09:11 AM Reply Like
  • snoopy44
    , contributor
    Comments (1485) | Send Message
     
    No it is not.
    30 Jul 2014, 10:47 AM Reply Like
  • leopardtrader
    , contributor
    Comments (3715) | Send Message
     
    Those betting long on Bond are now proven wrong. Look ahead for re-pricing.

     

    When Obama announced further sanctions yday I knew GDP today would be upbeat. You dont make such announcements with falling growth ( at least on paper) lol
    30 Jul 2014, 08:47 AM Reply Like
  • Bear Bait
    , contributor
    Comments (931) | Send Message
     
    As my Dad use to say; "Some of you guys wouldn't be happy if you were hung with a new rope.". The figures may not be great but they are getting better. I'm sure if G(god awful) W Bush were still around many of you skeptics would be jumping and shouting with joy!
    30 Jul 2014, 09:12 AM Reply Like
  • miller64
    , contributor
    Comments (2) | Send Message
     
    I was long TMV. Maybe time to do it again and stay with it.
    30 Jul 2014, 09:33 AM Reply Like
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