U.S. First-Quarter Growth Drops to 1.8%

Discussion in 'Too Hot for Swamp Gas' started by diehardgator1, Jun 26, 2013.

  1. diehardgator1
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    diehardgator1 Well-Known Member

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    These obama programs are making any head way. You would think after almost 5 years he would get the message and start helping people other than his wealthy donors. The economy is not making any head way and when the Fed increases interest and stop printing money things will really go south.


    "U.S. economic growth was more tepid than previously estimated in the first quarter, held back by a moderate pace of consumer spending, weak business investment and declining exports.

    Gross domestic product expanded at a 1.8 percent annual rate, the Commerce Department said in its final estimate on Wednesday. Output was previously reported to have risen at a 2.4 percent pace after a 0.4 percent stall speed in the fourth quarter.

    Economists polled by Reuters had expected first-quarter GDP growth would be left unrevised at 2.4 percent. When measured from the income side, the economy grew at a 2.5 percent rate, slower than the fourth-quarter's brisk 5.5 percent pace.

    Read more: http://www.foxbusiness.com/economy/2013/06/26/us-first-quarter-growth-drops-to-18/#ixzz2XLf2QOTf
  2. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    Thread 1: rises to 1.8%
    Thread 2: drops to 1.8%
  3. wgbgator
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    wgbgator Sub-optimal Poster Premium Member

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    This is the half-empty thread I guess.
  4. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    Your glass is more than half empty if you see .4% to 1.8% as a drop.
  5. diehardgator1
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    diehardgator1 Well-Known Member

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    no it is still 1.8% a half empty glass of water and a half full glass is still a half glass
  6. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    In fact, you have a negative glass.
  7. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    I guess one could say the prediction dropped. But the actual GDP growth is up 1.4% quarter-over-quarter.

    Using the estimate is a dumb way to do it, of course. Because if you estimated a drop in GDP this news would go from lackluster to great!
  8. gatordowneast
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    gatordowneast Well-Known Member

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