| User Info
| GDP: Stinker in forum [Market-Ticker]
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Tsberts
Posts: 2362
Incept: 2008-02-05
Minnesota
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Photoguy was an optimist.
In Soviet Russia, the banks are run by the politicians.
The cancer within the federal government has metastasized, it's now up to each of the states to contain the cancer.
Reason: Gen's proofreader army at work
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Rdaniels
Posts: 445
Incept: 2007-11-30
Purgatory
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If actual inflation numbers had been used to net GDP, it could have been a negative print. The government has a huge conflict of interest in under reporting inflation.
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I wouldn't be so pessimistic if it wasn't so hopeless.
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Infidel
Posts: 5463
Incept: 2007-08-27
between here and there
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"Loading POMO turdpedo tubes 1,2,3,4,5,6 safetys are off, lets hope these fish don't come back around on us"
Ben:"FIRE"
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"DON'T BELIEVE THEM, DON'T FEAR THEM, DON'T ASK ANYTHING OF THEM." -ALEXANDER SOLZHENITSYN.
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Rktbrkr
Posts: 239
Incept: 2010-10-31
US
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The gurus were right on the money when they said $4 gas wouldn't slow the recovery.Uncle Ben blames the 1.8% on snow, not the runup in oil & commodities resulting from QEII. I assume a weak 2Q will be attributed to unprecedented tornadoes in the south.
Transitory is Uncle Bens new favorite word. life is transitory.
Safest bet in the house QEIII will not be called QEIII.
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R2judge
Posts: 593
Incept: 2008-04-13
Burbank CA
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"Before people point to the personal income and spend side and say "see see see!" I will simply observe that a huge part of that was from the FICA tax cut, which in turn makes the deficit worse."
Tax cuts didn't work. Credit worked. No tax cut was offset by a cut in government spending to balance the equation. In each tax cut government borrowing increased, goosing the economy, along with the increased debt consumers were able to take on due to less taxes out of their pockets.
That is why the republicans signed on to tax cut extensions of 450 billion a year, then complained about skyrocketing deficits, while cutting a mere 38 billion from the deficit. A deficit of 400 billion put 400 billion more borrowed money into the economy.
On the part of both parties, this is all a sham, all a fraud.
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Etz
Posts: 13922
Incept: 2007-06-26
LA
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But cockroach bankers had record bonuses.
Booyah!
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Legal chicanery and beneficent darkness are the banker's stoutest allies - F.Pecora.
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Tesla
Posts: 15560
Incept: 2008-04-03
State of Disbelief
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From ZeroHedge: a superb graphic http://www.zerohedge.com/article/visuali....Visualizing The Collapse: Charting The Drop From Q4 2010 To Q1 2011 GDP (Which Came In At 0.8% Ex-Inventories) The bottom line: Q1 GDP ex-inventories came at 0.8%, the lowest since Q3 2009. The economy has hit stall speed, and absent another fiscal (nope) or monetary (QE3) stimulus, we will go negative in Q2, now that the full impact of the Japanese economic collapse has forced even the ostriches to pull their heads out of the sand. Alternatively, Bernanke will be stuck with the worst case of stagflation since the 1970s. Rock and hard place: just as we predicted in December 2010. The chart below shows the ugly collapse in the economy in Q1: recall that up to a month ago it was supposed to grow by 4%! Now, ex inventories, it is 0.8%. And most importantly, the strong US consumer, in the form of the Personal Consumption Expenditures, sees his share of economic growth drop by over 30%, from 2.8% to 1.9%. Ball is in your court Chairsatan Printocchio. 
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"Even a dog knows the difference between being stumbled over and being kicked." -Justice Oliver Wendell Holmes
"Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." -Samuel Adams
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Themortgagedude
Posts: 8898
Incept: 2007-12-17
saint louis
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Methinks it's time to buy the VIX. This is gonna get a little bumpy.
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I'm already visualizing you with duct tape over your mouth.
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Infidel
Posts: 5463
Incept: 2007-08-27
between here and there
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June will put the V back in the IX
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"DON'T BELIEVE THEM, DON'T FEAR THEM, DON'T ASK ANYTHING OF THEM." -ALEXANDER SOLZHENITSYN.
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Tnhermit
Posts: 349
Incept: 2009-02-18
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Docj
Posts: 1012
Incept: 2009-09-10
Duck & Cover
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Recovery winter, baby!
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The preservation of liberty depends upon the intellectual and moral character of the people. As long as knowledge and virtue are diffused generally among the body of a nation it is impossible they should be enslaved. - John Adams
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Pezhead
Posts: 42
Incept: 2009-09-22
NC
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How do you correlate lower GDP with higher rail traffic and truck tonnage? Former says things are getting worse and the latter says it's getting better.
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We're rich! We broke even! We're in the poor house :-(
-- Simpsons 'Enron'
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Djloche
Posts: 3342
Incept: 2008-07-07
In the Mountains
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Lower government spending? I could have sworn we put record breaking numbers down at least one of the past few months. Something like over $330B spent in a single month...
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"Just because the **** has not yet hit you in the face, does not mean that the **** has not hit the fan."
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Rvacha
Posts: 8318
Incept: 2008-10-03
Cleveland
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Pez- Check out the ZH pic above. Inventories are building while the GDP shrinks. It is not uncommon to see a build in inventories for a recovery that never comes (or is not very robust)
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"I suggest you panic." - Hugh Hendry
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Sqmo
Posts: 919
Incept: 2009-09-14
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So how does this effect the GDP/debt chart? For the first quarter GDP increased by $135B, yet Fed. debt increased $279B. That is a factor of 2, or 0.5 depending on how you look at it. I think the total debt (Fed Z1) has been going up at more like $400B/quarter so that would make it even worse.
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Djloche
Posts: 3342
Incept: 2008-07-07
In the Mountains
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Quote: a larger decrease in federal government spending JANUARY 2011- $276B vs 247B in 2010 FEBRUARY 2011 - $333B vs 328B in 2010 MARCH 2011 - $339B vs 218B in 2010 How is this in any way 'a larger decrease in government spending' ? Not that i need an answer, we already know that Ben is selling boxes of dogcrap...
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"Just because the **** has not yet hit you in the face, does not mean that the **** has not hit the fan."
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Jinxx0r
Posts: 4252
Incept: 2007-08-10
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 If you squint, you can see benny in the back... |
Lenguado
Posts: 1285
Incept: 2010-01-12
Orlando, FL
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What are the numbers if you back out the Govt Deficit Spending???? Without the govt portion of GDP, my bet is that the #s ARE negative..... VERY negative. 
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I just realized... they aren't saying, "Keynesian Economics" they're saying "Kenyansian Economics". Grass Huts for everyone!  Welcome to history’s first Double Dip Depression |
Widgeon
Posts: 13481
Incept: 2007-08-30
Region formerly known as the United States
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That's True ... Fed & Mar 2011 were the TOP TWO MONTHS OF SPENDING EVER.
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