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US Economy Hits Soft Patch But Some See It as 'Temporary'
CNBC ^ | 05.30.11

Posted on 05/30/2011 5:45:10 PM PDT by Perdogg

The economy has struck a soft patch that is likely temporary, and the second half of the year should be better, some economists say.

Supply chain disruptions form the Japanese earthquake and tsunami have had a direct impact on manufacturing and the auto industry in particular. Additionally, the spike in oil and gasoline prices has hit consumer and business spending.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Politics/Elections
KEYWORDS: economy; softpatch; temporary
Unexpected and temporary (drink twice) - just wait til QE2 ends and there is no QE3.
1 posted on 05/30/2011 5:45:12 PM PDT by Perdogg
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To: TigerLikesRooster; blam; SeekAndFind

ping


2 posted on 05/30/2011 5:45:46 PM PDT by Perdogg (0bama got 0sama?? Really, was 0sama on the golf course?)
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To: Perdogg

Soft patch, is that anything like quicksand.


3 posted on 05/30/2011 5:49:36 PM PDT by org.whodat
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To: Perdogg

Others see it as “unexpected”.


4 posted on 05/30/2011 5:52:15 PM PDT by Last Dakotan
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To: Perdogg
This is surprising.
5 posted on 05/30/2011 5:54:24 PM PDT by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
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To: Perdogg

Excuse my french, but we are so f-ing screwed. Most don’t realize it yet, but it’s coming...big time.


6 posted on 05/30/2011 5:56:43 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set...)
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To: Perdogg
the second half of the year should be better, some economists say.

During the early years of Bush43 admin, we heard this exact mantra for about three years straight. It finally came true, only because we waited long enough.

7 posted on 05/30/2011 5:56:45 PM PDT by hinckley buzzard
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To: Perdogg
The economy has struck a soft patch

Did we ever get out of the "soft patch" we were already in? You can tiptoe on a tar pit for only so long...


8 posted on 05/30/2011 5:56:58 PM PDT by LibFreeOrDie (Obama promised a gold mine, but will give us the shaft.)
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To: org.whodat

“Soft patch, is that anything like quicksand.”

Yes, and it also refers to the space between the ears of the CNBC talking heads.


9 posted on 05/30/2011 5:58:44 PM PDT by CapnJack
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To: Diana in Wisconsin

Sometimes I think that I’m living in a prequel to a Mad Max movie.When things fall down this time,they’re gonna fall HARD.


10 posted on 05/30/2011 6:02:41 PM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: Perdogg

Time is a relative thing, some see 4 years of Obama as temporary!


11 posted on 05/30/2011 6:04:09 PM PDT by ThePatriotsFlag (You are just jealous because the voices aren't talking to YOU!)
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To: Perdogg

The cross currents continue. We are wallowing along, waiting for the next financial crises (continuation of the first really).

Dollar rally coming soon, that will be ‘unexpected.’


12 posted on 05/30/2011 6:06:20 PM PDT by SaxxonWoods (Throw away your papers, blow up your TV...and set yourself free.)
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To: org.whodat

“Soft patch, is that anything like quicksand.”

LOL Quote of the day!


13 posted on 05/30/2011 6:06:54 PM PDT by MCF
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To: Diana in Wisconsin

The thing about hitting a soft patch is it isn’t
too bad if you’ve got four wheel drive, plenty
of power, all terrain tires and the will to push
on through......but if you’re timidly driving a Volt
with a half charged battery you’ve got problems.

Oh, and if you’ve got someone named Barak helpfully
throwing logs under the wheels your problem
is worse than you know, cuz you’re gonna
have to spend more time than you’d like
in the wilderness.


14 posted on 05/30/2011 6:09:03 PM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: hinckley buzzard

If you had watched the market then, it came a lot sooner. From then on we had a comfortable market until....


15 posted on 05/30/2011 6:11:23 PM PDT by DWC (historian)
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To: Perdogg

Unexpectedly!

As megablogger Glenn Reynolds, aka Instapundit, has noted with amusement, the word “unexpectedly” or variants thereon keep cropping up in mainstream media stories about the economy.

Michael Barone


16 posted on 05/30/2011 6:11:34 PM PDT by Calusa (The pump don't work cause the vandals took the handles. Quoth Bob Dylan.)
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To: Farmer Dean

*SIGH* They are. They will.

And I’m usually Perky Polly, Perpetual Optimist, LOL!


17 posted on 05/30/2011 6:12:34 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set...)
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To: LibFreeOrDie

“You can tiptoe on a tar pit for only so long...”

BUMP! :)


18 posted on 05/30/2011 6:16:37 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set...)
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To: Perdogg

CNBC the comedy channel


19 posted on 05/30/2011 6:16:48 PM PDT by headstamp 2 (We live two lives, the life we learn and the life we live with after that.)
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To: CapnJack
One can only hope that Comcast will speed the clean-up of damage
caused by GE/Obama.

Ever since that one guy ranted one morning about the damage caused
by "the one", CNBC abandoned the reality of reality, and went
with the reality of the politik.

20 posted on 05/30/2011 6:21:05 PM PDT by Calvin Locke
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To: Calvin Locke
Rick Santelli of CNBC went wild over Obama giving away houses to people who could't afford them.

Some say that was the start of the TEA Party.

21 posted on 05/30/2011 6:30:32 PM PDT by scooby321
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To: Perdogg

A soft patch...

::sniff sniff::

I smell bullsh1t...


22 posted on 05/30/2011 6:34:12 PM PDT by Adder (Say NO to the O in 2 oh 12)
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To: org.whodat

23 posted on 05/30/2011 6:39:13 PM PDT by Neidermeyer
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To: Perdogg

We’re told the unemployment rate is 9 percent ...
http://www.hyscience.com/archives/2011/05/were_told_the_u.php

Yikes! You won’t believe the real jobless numbers
http://www.wnd.com/index.php/index.php?fa=PAGE.printable&pageId=270957


24 posted on 05/30/2011 6:50:32 PM PDT by 2ndDivisionVet (How do you starve an Obama supporter? Hide his food stamps under his work boots.)
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To: Perdogg
End of Stimulus Could Pull Economy Down Further
25 posted on 05/30/2011 7:27:25 PM PDT by blam
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To: tet68

“...cuz you’re gonna have to spend more time than you’d like
in the wilderness.”

So many are completely unprepared for this. ;)


26 posted on 05/30/2011 7:32:35 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set...)
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To: Diana in Wisconsin

this mess started when it became apparent obama would be in the white house


27 posted on 05/30/2011 7:37:09 PM PDT by television is just wrong
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To: television is just wrong

Oh, for the love of all that’s holy - just rip off the band aid and get this OVER with! It’s gonna hurt like hell, but just do it! The RECOVERY starts when those at the top stop dickin’ around WITH *OUR* MONEY!

(I know. I’m totally unrealistic, LOL!)


28 posted on 05/30/2011 7:46:23 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set...)
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To: Neidermeyer
Yes, that looks like an Obummer soft patch.
29 posted on 05/30/2011 8:26:44 PM PDT by org.whodat
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To: blam
Oy vey. More good news. /s

With stimulus having failed to live up to their projections, what will the Dems put forth? Oh wait, they won't. They'll demogauge all Republican ideas and offer none of their own.

30 posted on 05/30/2011 9:08:28 PM PDT by newzjunkey (Republicans curtail freedoms too, they just do it more slowly than Democrats.)
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To: blam
Oy vey. More good news. /s

With stimulus having failed to live up to their projections, what will the Dems put forth? Oh wait, they won't. They'll demogauge all Republican ideas and offer none of their own.

31 posted on 05/30/2011 9:08:28 PM PDT by newzjunkey (Republicans curtail freedoms too, they just do it more slowly than Democrats.)
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