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| GDP: Oh Look At The Revisions! in forum [Market-Ticker]
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Themortgagedude
Posts: 8853
Incept: 2007-12-17
saint louis
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I wish it was a 100 Democrat Senators, 435 Democrat Reps, and the Chosen 1. Then they could show the world that stimulus either works or it doesn't.
In other words I can't think of a better time to get this over with and I'd like there to be clear blame. Because there will not be anyone willing to accept the blame when the train comes off the tracks we'll have people like Krugnuts telling us if we had just spent a little more everything would have been alright.
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I'm already visualizing you with duct tape over your mouth.
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Randy123
Posts: 5789
Incept: 2008-09-24
Earth
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Guns or butter Karl? Great game
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China is the Enemy. Wake Up.
New Normal. Same As The Old Awful.
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Themortgagedude
Posts: 8853
Incept: 2007-12-17
saint louis
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Guns or butter? ****, just order them both, and pay with an IOU.
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I'm already visualizing you with duct tape over your mouth.
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Ihsmta
Posts: 560
Incept: 2008-04-10
Midwest, USA
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The fed gov agency I'm familiar with was starved for funding almost the entire fiscal year. Then, the floodgates were opened and blank check spending on supplies and office furniture/equipment was "encouraged" right before the end of the fiscal year (September 30th).
Coincidence? I...think...NOT...
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"Economists are no different than the prophets of ancient Pompeii who reassured that Mt Vesuvius would never blow. After all, it never had before." Baxter Black, DVM and Cowboy Poet
"You can avoid reality, but you cannot avoid the consequences of avoiding reality." Ayn Rand
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Frat
Posts: 1935
Incept: 2009-07-15
NKY
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Is this why the market's up again? I've read your Ticker's on the expectations for the rest of the year, but it never ceases to amaze me how they can pull it off. Sigh.
Oh, meant to ask... You working on a "10 Things" Ticker for 2013? I don't even know any more I
if there even IS a way to plan/prepare any more for what's coming - since it's so freaking far into the Twilight Zone as to be unrecognizeable.
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We're ****ed. Where's Henry Bowman when you need him?
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Grassranger
Posts: 14
Incept: 2009-10-10
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I think Ihsmta has this pegged. Most federal offices that have spending authority are generally pretty frugal with their authorized budgets through most of the fiscal year. Despite the reality of the federal government as a deficit spender, offices in the "discretionary" agencies almost never overspend their allocations. Many agencies hold back a percentage of their budgeted funds to cover unexpected contingencies. A the end of the FY, all this money is doled out and spent, often very wastefully, so that there is no funds carry-over. For a bureaucrat, about the only thing worse than spending more money that you are budgeted is to have money left in your accounts at the end of the year. My bet is the current quarter federal spending will take a substatial dive from last quarter.
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Ihsmta
Posts: 560
Incept: 2008-04-10
Midwest, USA
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Grassranger: BINGO!
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"Economists are no different than the prophets of ancient Pompeii who reassured that Mt Vesuvius would never blow. After all, it never had before." Baxter Black, DVM and Cowboy Poet
"You can avoid reality, but you cannot avoid the consequences of avoiding reality." Ayn Rand
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Skip
Posts: 137
Incept: 2008-09-30
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Following up on Grassranger's comments. I recently learned that a lot of agencies are concerned about cuts so they are allocating and spending as much of their budget as they can now. In the event of sequestration, funds you already spent can't be cut.
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Crzymorse
Posts: 1195
Incept: 2010-06-25
Maryland
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Ihsmta
Posts: 560
Incept: 2008-04-10
Midwest, USA
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Skip is also right on the mark.
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"Economists are no different than the prophets of ancient Pompeii who reassured that Mt Vesuvius would never blow. After all, it never had before." Baxter Black, DVM and Cowboy Poet
"You can avoid reality, but you cannot avoid the consequences of avoiding reality." Ayn Rand
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Lenguado
Posts: 1272
Incept: 2010-01-12
Orlando, FL
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Crzy, Good find! WHOOOPS?!?!??!?!? 
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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 |
Pika-steph
Posts: 54732
Incept: 2007-09-11
Live Free Or Die; US Army Est. 1775
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Removing the impact of the Federal spending surge, growing inventories and exports removes nearly two-thirds of the apparent growth. If that remaining growth is then deflated using BLS inflation data, the consumer portion of the economy is actually shrinking at an annualized rate in excess of -1.0%.About 27% of the headline growth rate came from a $31 billion surge in Federal spending.
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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/ "The only regulation that really works is failure."--Rick Santelli
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Djloche
Posts: 3280
Incept: 2008-07-07
In the Mountains
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 eyeballing the percentages... 1/2009 down 11% 1/2010 down 11.9% 1/2011 down 5.9% 1/2012 down 4.1% ---
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"If we wish to be free, we must fight! I repeat it, sir, we must fight! An appeal to arms and to the God of Hosts is all that is left us! Gentlemen may cry, "Peace! Peace!" -- but there is no peace. The war is actually begun! Our brethren are already in the field! Why stand we here idle?"
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Genesis
Posts: 130798
Incept: 2007-06-26
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This year looks to be about flat with last, but I won't know for sure until mid-January.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Loudoungroup
Posts: 3739
Incept: 2008-02-01
San Antonio, TX
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Ref IHS comment above: I am guessing here because I don't have the brief in front of me at the moment. But in government contracting, typically "the end of year" contracting mission (last 90 days and furry of activity in last 30 spends 50+% of annual FY money.
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