2013 Summer of Recovery- Made you look

Discussion in 'Too Hot for Swamp Gas' started by gatordowneast, Aug 30, 2013.

  1. gatordowneast
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    gatordowneast Premium Member

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    Guess not. Not that most of us need Reuters to spell it out for us. Boy this President's economic plan has us kicking ass and taking names.

    "There has been a lot of optimism about the economy accelerating in the second half of the year as the fiscal drag waned. The latest data suggests that's not happening," said Michelle Girard, chief economist at RBS in Stamford, Connecticut.

    The Commerce Department said consumer spending ticked up 0.1 percent, restrained by weak outlays on utilities and automobiles. Adjusted for inflation, spending was flat.

    It is not likely to rebound anytime soon. A separate report showed the Thomson Reuters/University of Michigan's consumer sentiment index slipped to 82.1 in August from 85.1 in July"

    Oh well.

    http://news.yahoo.com/u-consumer-spending-barely-rises-inflation-benign-123526852--business.html
  2. Gatorrick22
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    Gatorrick22 Well-Known Member

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    They say this every freaking year. "Wait till the end of the year!"
  3. AustinGator1
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    AustinGator1 Premium Member

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    Oh how I wish we only had a 1.2 trillion dollar debt. Those were the good ole days indeed. Truth be told you lost your credibility on the economy when you started bragging about the stock market. Your unwillingness to recognize the bubble we have created with the stock market with the stimulus we have poured into it and the slashing of interest rates reveals your naivety.

    Just a word of advice, when you hear about the spicket being turned off and the interest rates going up you better get your money out of the stock market because that bubble is going to blow big time.
  4. dadx4
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    dadx4 Well-Known Member

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    4 years running baby. That's why he wants to bomb Syria, to distract the zombies from the economy which he's CLUELESS on.

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