I'm still slow as crap here, so I wonder how they arrived at these numbers.
--- On Fri, 1/29/10, geoff <[email protected]> wrote: > From: geoff <[email protected]> > Subject: RE: [OT] GDP Soars 5.7% > To: "'ProFox Email List'" <[email protected]> > Date: Friday, January 29, 2010, 5:50 PM > Never let a good piece of news go > unpunished right??? > > -----Original Message----- > From: [email protected] > [mailto:[email protected]] > On Behalf > Of Publius Maximus > Sent: Saturday, 30 January 2010 12:30 AM > To: ProFox Email List > Subject: [OT] GDP Soars 5.7% > > http://bit.ly/9osPSw > > - - - > WASHINGTON (Reuters) - The economy grew at a > faster-than-expected 5.7 > percent pace in the fourth quarter, the quickest pace in > more than six > years, as businesses reduced inventories less aggressively, > the > Commerce Department said on Friday. > > The first estimate put fourth-quarter gross domestic > product growth at > its fastest pace since the third quarter of 2003. The > economy expanded > at a 2.2 percent annual rate in the third quarter. > > Analysts polled by Reuters had forecast GDP, which measures > total > goods and services output within U.S. borders, growing at a > 4.6 > percent rate in October-December period. > > Growth was boosted a sharp slowdown in the pace of > inventory > liquidation, a factor that could mask the strength of the > economic > recovery from the longest and deepest downturn since the > Great > Depression. > > But even stripping out inventories, the economy expanded at > an annual > rate of 2.2 percent, accelerating from the 1.5 percent > increase in the > third quarter, reflecting relatively strong performance > from other > segments of the economy. > - - - > > A curious bunch of details in this explanation. > > The economy, still mostly driven by the private sector > (even though > the current government is intensely hostile to it, and is > scheming all > kinds of ways to kill it and take it over), was always > eventually > going to turn around -- with or without artificial > "stimulus." > > Those of you inclined to pull an "I told you so" out of > this in > defense of the Administration should be cautious. Now we > will see what > happens when the inflation genie is let out of the bottle. > The banks > have been sitting on all that fiat money for this kind of > sign to > start pumping it out. This will certainly force the Fed's > hand on > interest rates. > > And then things will get interesting. Predictions: > > - This number will surely be revised downward next > go-round; > - Interest rates will rise; > - The dollar carry trade bubble will pop; > - A double dip depression is in the works; > > Keep in mind also: > > http://bit.ly/9cjiFA > > - - - > WASHINGTON (AP) -- Wages and benefits paid to U.S. workers > posted a > modest gain in the fourth quarter, ending a year in which > recession-battered workers saw their compensation rise by > the smallest > amount on records going back more than a quarter-century. > > The Labor Department said that wages and benefits rose by > 0.5 percent > in the three months ending in December. For the entire > year, wages and > benefits were up 1.5 percent, the weakest showing on > records that go > back to 1982. > > The anemic compensation gains have raised concerns about > the > durability of the economic recovery. The fear is that > consumer > spending, which accounts for 70 percent of economic > activity, could > falter if households don't have the income growth to > support their > spending. > - - - > > Me thinks this is more of a gasp than a breath of new life. > Even if it > is a new sign of life, cap & trade, and the regulations > under > consideration in Congress, coupled with the attack on the > banks the > Admin is waging to help Zero's sagging poll numbers, will > choke it > off. > > Obama will get a bump in the polls because of the surface > level > interpretation that the media will run with, since they're > so invested > in his image. > > Things will get interesting after that. > > - Publius > > -- > > "It ought never to be forgotten, that a firm union of this > country, > under an efficient government, will probably be an > increasing object > of jealousy to more than one nation of Europe; and that > enterprises to > subvert it will sometimes originate in the intrigues of > foreign > powers, and will seldom fail to be patronized and abetted > by some of > them. Its preservation, therefore ought in no case that can > be > avoided, to be committed to the guardianship of any but > those whose > situation will uniformly beget an immediate interest in the > faithful > and vigilant performance of the trust." [Federalist Papers > #59] > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
