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<blockquote data-quote="av8torntn" data-source="post: 679942" data-attributes="member: 8259"><p>My guess is that this last year most realized that stocks were oversold which led to the market run up the later part of last year. Also if you read past the headlines of these articles you discover this.</p><p> </p><p>"About 60 percent of the fourth quarter's growth resulted from a sharp slowdown in the reduction of inventories as firms began to rebuild stockpiles depleted by the recession.</p><p>Changes to inventories added 3.4 percentage points to the fourth-quarter growth, the Commerce Department said in its report Friday. Excluding inventories, the economy would have grown at a 2.2 percent clip, the government said. That's an improvement from 1.5 percent in the third quarter."</p><p> </p><p>That puts this in perspective.</p><p> </p><p>"Consumer spending rose 2 percent, down from a 2.8 percent rise in the third quarter. It added 1.4 percentage points to GDP growth."</p><p> </p><p>For those claiming that the government did this we have this little gem buried in the report.</p><p> </p><p>"Government spending was actually a slight drag on growth in the fourth quarter: A small increase in federal spending was outweighed by a drop in state and local spending."</p><p> </p><p>But the most important part and after the track record of dishonesty from this administration no surprise this is included.</p><p> </p><p>"Friday's report is the first of the government's three estimates of gross domestic product and is <strong>likely</strong> to be revised. The government initially estimated third quarter growth was 3.5" percent, which was later revised down to 2.2 percent. The next estimate will be released Feb. 26</p></blockquote><p></p>
[QUOTE="av8torntn, post: 679942, member: 8259"] My guess is that this last year most realized that stocks were oversold which led to the market run up the later part of last year. Also if you read past the headlines of these articles you discover this. "About 60 percent of the fourth quarter's growth resulted from a sharp slowdown in the reduction of inventories as firms began to rebuild stockpiles depleted by the recession. Changes to inventories added 3.4 percentage points to the fourth-quarter growth, the Commerce Department said in its report Friday. Excluding inventories, the economy would have grown at a 2.2 percent clip, the government said. That's an improvement from 1.5 percent in the third quarter." That puts this in perspective. "Consumer spending rose 2 percent, down from a 2.8 percent rise in the third quarter. It added 1.4 percentage points to GDP growth." For those claiming that the government did this we have this little gem buried in the report. "Government spending was actually a slight drag on growth in the fourth quarter: A small increase in federal spending was outweighed by a drop in state and local spending." But the most important part and after the track record of dishonesty from this administration no surprise this is included. "Friday's report is the first of the government's three estimates of gross domestic product and is [B]likely[/B] to be revised. The government initially estimated third quarter growth was 3.5" percent, which was later revised down to 2.2 percent. The next estimate will be released Feb. 26 [/QUOTE]
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