Just a clue, the 5.7% is a lie. --- On Sat, 1/30/10, Geoff <[email protected]> wrote:
> From: Geoff <[email protected]> > Subject: RE: [OT] GDP Soars 5.7% > To: "'ProFox Email List'" <[email protected]> > Date: Saturday, January 30, 2010, 9:22 PM > Just a clue... the American economy > is more than you. > > -----Original Message----- > From: [email protected] > [mailto:[email protected]] > On Behalf > Of Michael Madigan > Sent: Sunday, 31 January 2010 2:26 AM > To: ProFox Email List > Subject: RE: [OT] GDP Soars 5.7% > > I'm not talking about unemployment, I'm talking about > computer services, > computer sales, I'm not seeing any increase in computer > business. > > --- On Sat, 1/30/10, Geoff <[email protected]> > wrote: > > > From: Geoff <[email protected]> > > Subject: RE: [OT] GDP Soars 5.7% > > To: "'ProFox Email List'" <[email protected]> > > Date: Saturday, January 30, 2010, 1:05 AM > > Unemployment is a trailing indicator. > > It takes 6-9months for unemployment to > > pick up on economic growth. > > > > -----Original Message----- > > From: [email protected] > > [mailto:[email protected]] > > On Behalf > > Of Publius Maximus > > Sent: Saturday, 30 January 2010 1:30 PM > > To: ProFox Email List > > Subject: Re: [OT] GDP Soars 5.7% > > > > On Fri, Jan 29, 2010 at 7:35 PM, Michael Madigan > <[email protected]> > > wrote: > > > I'm still slow as crap here, so I wonder how > they > > arrived at these > > numbers. > > > > Inventory manipulation. That's why the market was > ho-hum. > > The proof in > > the pudding will be the jobless rate & wages. > > > > But even so, if you take the totality of what Obama > *wants* > > to do, if > > he's successful with it, he will surely choke off > economic > > recovery. > > > > I like how now all of a sudden he's touting fiscal > > conservatism and > > tax cuts. But, as he noted, it's "just words, just > > speeches..." > > > > - Publius > > > > > > > > --- 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."[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.
