Sure it's weak, it isn't 5.7& it's more like 0.1 percent. It would have been much stronger had Obama not raised taxes and scared the small businesses into not expanding or hiring. Who's going to hire if you don't know what your costs are going to be? Higher payroll taxes? Higher health care taxes? Higher utility costs?
--- On Sun, 1/31/10, Geoff <[email protected]> wrote: > From: Geoff <[email protected]> > Subject: RE: [OT] GDP Soars 5.7% > To: "'ProFox Email List'" <[email protected]> > Date: Sunday, January 31, 2010, 2:39 AM > Of course it is. It is not an > official figure. Your real figure wil be lucky > to be 1% but the point is that just like the stock market > that you no longer > have the balls to give the figures on, the economy is > turning from deep > recession into weak growth. > > -----Original Message----- > From: [email protected] > [mailto:[email protected]] > On Behalf > Of Michael Madigan > Sent: Sunday, 31 January 2010 1:41 PM > To: ProFox Email List > Subject: RE: [OT] GDP Soars 5.7% > > 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] > > [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. > _______________________________________________ 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.
