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GDP Q3 (1st estimate): +2.0% vs. +1.9% consensus, +1.3% previous.

GDP Q3 (1st estimate): +2.0% vs. +1.9% consensus, +1.3% previous.
Comments (15)
  • Tack
    , contributor
    Comments (14131) | Send Message
     
    Double dippers? Yoohoo?
    26 Oct 2012, 08:32 AM Reply Like
  • bukdow
    , contributor
    Comments (855) | Send Message
     
    Really? You are touting 2%? The annual 2012 GDP is lower than the annual 2011 GDP.

     

    I am not necessarily a "double dipper", but good Lord, I wouldn't hang my hat on the GDP data.
    26 Oct 2012, 09:50 AM Reply Like
  • Tack
    , contributor
    Comments (14131) | Send Message
     
    buk:

     

    Not touting anything. Just marveling at the legions of pessimists who have naysayed the markets and economy every step of the way for past three years SA has had some articles and rafts of commentary predicting 0% or even negative GDP numbers for Q3.

     

    The idea here at SA is to make investments and make money, or so I thought. Those perpetually betting on failure haven't been doing so well.
    26 Oct 2012, 10:11 AM Reply Like
  • bukdow
    , contributor
    Comments (855) | Send Message
     
    I'll bet it gets revised down. Secondinly, the fact a large portion of the growth was due to government expenditures is not good.

     

    Though its not doomsday, I don't think its wise to whistle past the graveyard either. The economy is in bad shape and hasn't made any real strides at all. As I pointed out, annual GDP is trending down.
    26 Oct 2012, 01:48 PM Reply Like
  • hx88
    , contributor
    Comments (115) | Send Message
     
    Is this a fantasy from that chicago guy? lol
    26 Oct 2012, 08:32 AM Reply Like
  • bbro
    , contributor
    Comments (10601) | Send Message
     
    4% nominal GDP growth year over year
    26 Oct 2012, 08:38 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2214) | Send Message
     
    Govt to the rescue. Accounted for .71% of the 2% gain. Deficit increase of $210 Billion Q3.
    26 Oct 2012, 08:43 AM Reply Like
  • Rickthegeek
    , contributor
    Comments (118) | Send Message
     
    That is the truth. Government spending up 9.6%. The actual is 1.3% GDP if you take out Government.
    26 Oct 2012, 09:30 AM Reply Like
  • bbro
    , contributor
    Comments (10601) | Send Message
     
    ??? I have it at 20% of the gain....
    26 Oct 2012, 09:39 AM Reply Like
  • kmi
    , contributor
    Comments (4526) | Send Message
     
    Anyway, deficits grow when when the economy grows, and decrease when the economy contracts, sooo... as usual, depends on what agenda you are pursuing...
    26 Oct 2012, 12:04 PM Reply Like
  • Terry330
    , contributor
    Comments (870) | Send Message
     
    Another big win for President Obama.
    26 Oct 2012, 09:00 AM Reply Like
  • Ricardo Espinosa
    , contributor
    Comments (459) | Send Message
     
    Obama has nothing to do with it. HeĀ“s going to lose the puppet election by the way.
    26 Oct 2012, 09:57 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4221) | Send Message
     
    Read the report. Flat real growth is nothing to get excited about. Half the number is attributable to increased government spending. Keynesian socialism is not going to save the day.
    26 Oct 2012, 09:32 AM Reply Like
  • Lakeaffect
    , contributor
    Comments (1213) | Send Message
     
    As with everything else these days, this too will be revised down - - after the election. No matter which guy wins.

     

    Keeping my powder dry.
    26 Oct 2012, 09:46 AM Reply Like
  • Matthew Davis
    , contributor
    Comments (4505) | Send Message
     
    Hm, 65% of companies missing earnings from Q3, and unemployment claims are up, yet we grew at 2%? It will be revised down to .9% after the election I am going to predict.
    26 Oct 2012, 10:47 AM Reply Like
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