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Why economists see a stronger second half for 2011 (Will AP ever stop shilling for O???)
AP via Yahoo! News ^ | June 27, 2011 | Paul Wiseman and Christopher S. Rugaber

Posted on 06/27/2011 2:35:34 PM PDT by wac3rd

Farewell and good riddance to the first half of 2011 -- six months that are ending as sour for the economy as they began. Most analysts say economic growth will perk up in the second half of the year. The reason is that the main causes of the slowdown -- high oil prices and manufacturing delays because of the disaster in Japan -- have started to fade.

"Some of the headwinds that caused us to slow are turning into tail winds," said Mark Zandi, chief economist at Moody's Analytics.

For an economy barely inching ahead two years after the Great Recession ended, the first half of 2011 can't end soon enough. Severe storms and rising gasoline prices held growth in January, February and March to a glacial annual rate of 1.9 percent.

The current quarter isn't shaping up much better. The average growth forecast of 38 top economists surveyed by The Associated Press is 2.3 percent.

The economy has to grow 3 percent a year just to hold the unemployment rate steady and keep up with population growth. And it has to average about 5 percent growth for a year to lower the unemployment rate by a full percentage point. It is 9.1 percent today.

As welcome as the stronger growth envisioned in the second half is, the improvement should be modest. For the final six months of the year, the AP economists forecast a growth rate of 3.2 percent.

So far this year, high gas and food prices have discouraged people from spending much on other things -- from furniture and appliances to dinners out and vacations. That spending fuels economic growth.

(snip)

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: ap; economy; liberalbias; markzandi; moodysanalytics; obamadepression; obamanomics; recession; recovery
The article says because of gas prices falling, kinks in manufacturing being restored in Japan and the flooded areas in the mid-West being on-line again...happy days of 8.7% unemployment are just around the corner.

AP is not news, it's DNC propaganda....90% of the article was negative, but read the headline...which is...truly...(wait for it)..............

UNEXPECTED!!!!!!!!!!

1 posted on 06/27/2011 2:35:39 PM PDT by wac3rd
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To: wac3rd

Those “38 top economists” being utilized by the libtard AP are idiots, plain and simple....they are not worth their weight in salt. Bet. =.=


2 posted on 06/27/2011 2:37:31 PM PDT by cranked
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To: wac3rd

“For an economy barely inching ahead two years after the Great Recession ended..”

Huh?


3 posted on 06/27/2011 2:39:02 PM PDT by Huskrrrr
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To: wac3rd

They are in flat-out panic mode. They look ahead 17 months and see some combination of last November’s shellacking and the Reagan Landslide of 1980 is awaiting their favored party.


4 posted on 06/27/2011 2:41:56 PM PDT by Buckeye McFrog
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To: wac3rd
This time we will have some new taxes to kick a$$ on the economy and make it one of the greatest recoveries of all time. /s
5 posted on 06/27/2011 2:42:34 PM PDT by EGPWS (Trust in God, question everyone else)
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To: wac3rd

Everyone is downgrading our economic outlook in almost half and these dopes are peddling this garbage. No one is buying what you are selling AP.


6 posted on 06/27/2011 2:43:32 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: wac3rd

SUMMER OF WRECKOVERY!


7 posted on 06/27/2011 2:45:13 PM PDT by tcrlaf (You can only lead a lib to the Truth, you can't make it think...)
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To: wac3rd
high oil prices and manufacturing delays because of the disaster in Japan

Oh, THAT explains it.

8 posted on 06/27/2011 2:46:07 PM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: wac3rd

Don’t tell me...green shoots everywhere, right?

They tried this before. It didn’t work then and it’s not going to work now.
The password is.......’insolvency’


9 posted on 06/27/2011 2:51:53 PM PDT by griswold3 (Character is destiny)
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To: wac3rd
I am a commercial banker in the greater Washington, D.C. area. We did not get out of the recession. The actual misery index is about 30 as opposed to Carter's 22.

The economy is not recovering it is in stagflation.

We have to vote Obama out of office in 2012 or we will have a lost decade and worse than the Japanese.

10 posted on 06/27/2011 2:52:21 PM PDT by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: wac3rd
Wow, and they seem to quote mostly Obamabots and Obamanomic advisors who no longer work within the administration, though they seem to still be working for the administration.

Meanwhile, The Ben Bernanke said last week, "We don't have a precise read on why this slower pace of growth is persisting," and he speculated that the problem might be in the banking system, or in weak housing markets.

wac3rd wrote:
AP is not news, it's DNC propaganda....90% of the article was negative, but read the headline...which is...truly...(wait for it)..............

UNEXPECTED!!!!!!!!!!
FYI, "Unexpected" things happen only on Unexpected Thursday™. It's still Monday, so this might be "curious" or even "puzzling," but it's probably not "Unexpected."
11 posted on 06/27/2011 2:54:20 PM PDT by cc2k ( If having an "R" makes you conservative, does walking into a barn make you a horse's (_*_)?)
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To: wac3rd

So long sad times
Go long bad times
We are rid of you at last

Howdy gay times
Cloudy gray times
You are now a thing of the past

Happy days are here again
The skies above are clear again
So let’s sing a song of cheer again
Happy days are here again

Altogether shout it now
There’s no one
Who can doubt it now
So let’s tell the world about it now
Happy days are here again

Your cares and troubles are gone
There’ll be no more from now on
From now on ...

Happy days are here again
The skies above are clear again
So, Let’s sing a song of cheer again

Happy times
Happy nights
Happy days
Are here again!


12 posted on 06/27/2011 2:54:55 PM PDT by MeganC (NO WAR FOR OIL! ........except when a Democrat's in charge.)
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To: Jimmy Valentine

Isn’t DC one of the BEST places right now...growing by leaps and bounds? And, still there is misery?


13 posted on 06/27/2011 2:56:04 PM PDT by goodnesswins (...both islam and the democrat plantation thrive on poverty)
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To: wac3rd

More optimism from the Ministry of Truth.


14 posted on 06/27/2011 3:00:56 PM PDT by Spok
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To: goodnesswins
Yes and good for you! That is the point. The surrounding counties have some serious R/E issues too as well as D.C.

Commercial real estatehas dropped 30-40% home loan defaults are huge and the response of area governments is to extend the time for foreclosures to about a year.

The longer the Feds intervene the longer it will take to clean this up.

15 posted on 06/27/2011 3:01:30 PM PDT by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: wac3rd

What a pant load. Enuf said!


16 posted on 06/27/2011 3:05:33 PM PDT by JohnD9207 (John McCain is a proud Ted Kennedy conservative!)
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To: wac3rd

It’s called: Christmas.


17 posted on 06/27/2011 3:06:05 PM PDT by Berlin_Freeper
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To: wac3rd
Gold Mixed as Soros Warns "We are on the Verge of an Economic Collapse"
18 posted on 06/27/2011 3:10:05 PM PDT by blam
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To: cranked

They just asked Paul Krugman the same question 38 different ways.


19 posted on 06/27/2011 3:10:42 PM PDT by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
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To: wac3rd

Shilling is right. It’s unreal how AP has turned in to a spnning machine and cheerleader for Obama’s economic trainwreck.


20 posted on 06/27/2011 3:11:43 PM PDT by skyman
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To: wac3rd

When the lines in front of the unemployment offices grow shorter then I will believe our economy is recovering. Until then all this talk from the ivory tower of Minitruth is sheer propaganda divorced from reality.


21 posted on 06/27/2011 3:14:30 PM PDT by SoCal SoCon (Conservatism =/= Corporatism.)
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To: SoCal SoCon

AP setting up the next round of unexpected


22 posted on 06/27/2011 3:29:44 PM PDT by scooby321
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To: wac3rd

Agree.


23 posted on 06/27/2011 3:31:09 PM PDT by ken21 (liberal + rino progressive media hate palin, bachman, cain...)
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To: wac3rd
Most analysts say economic growth will perk up in the second half of the year. The reason is that the main causes of the slowdown -- high oil prices and manufacturing delays because of the disaster in Japan -- have started to fade.

So, when our economy goes into a spiral dive in the second half (due to Obamacare, taxes, USEPA, NLRB, and unlimited interference from Central Planning) these same economic analysts will call the crash..."unexpected", n'est ce pas?

.

24 posted on 06/27/2011 3:35:17 PM PDT by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
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To: wac3rd
The average growth forecast of 38 top economists surveyed by The Associated Press is 2.3 percent.

I guess you could define that as stronger growth when you compare it to the 1.8 % GDP growth we just had....if you are a moron

Happy days are here again !!!

25 posted on 06/27/2011 3:39:09 PM PDT by Popman (Obama. First Marxist to turn a five year Marxist plan into a 4 year administration.)
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To: wac3rd

Zandi is the dope who thought QE 2 would usher in an economic recovery LAST YEAR. He is an Obama shill who has zero credibility at this point.


26 posted on 06/27/2011 3:42:35 PM PDT by kittymyrib
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To: wac3rd
and when Iran goes nuclear??? then what...
27 posted on 06/27/2011 4:13:21 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: Huskrrrr
The economy won't turn around until we rid ourselves of the dumbest president in American history. His clueless policies create uncertainty and hurt businesses. He is such a moron that he thinks government spending is a form of investment.
28 posted on 06/27/2011 4:13:48 PM PDT by peeps36 (America is being destroyed by filthy traitors in the political establishment)
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To: griswold3
Don’t tell me...green shoots everywhere, right?

They tried this before. It didn’t work then and it’s not going to work now.
The password is.......’insolvency’

--------------------------

Zer0 our petulant jackwagon cipher says: Employment is an impediment to any good Marxist's objectives!!

You want to spur jobs and growth? Easy. Cut the spending, cut the government, cut the regulations, cut the red tape, cut the bureaucracy, lower the taxes and get the hell out of the way!

THE_THRILL_IS_GONE_263sm
Conservative Republicans need to expose Zer0's fragile, thin veil of a presidential image, held in place by a teleprompter and the piss-stream media.

Countdown until Obama leaves Office: 572 days as of June 27, 2011.


29 posted on 06/27/2011 4:15:53 PM PDT by BobP (The piss-stream media - Never to be watched again in my house)
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To: wac3rd

They are hoping that if they say it enough, the people will believe it.


30 posted on 06/27/2011 4:44:32 PM PDT by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
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To: BobP
Aren't these the same economists who every week declare the unemployment numbers are unexpected? The continual drop in home prices unexpected? The sharp reversal in home purchases unexpected? The continual see saw in building permits unexpected? The GDP dropping like a rock unexpected? Any metric you want to name they are always in the “unexpected” mode. The only thing that they expect is to be quoted and praised by their fellow Keynesians.

BUT Keynesian economics does not work. It didn't work during the Great Depression and it did not work with TARP, the Stimulus package, QE1, QE2, and the continuation of the printing presses running full speed ahead. QE3, 4, 5, ad infinitum will not work either even though the Wall Street houses and the major banks will pressure the Fed to restart the program.Remember in 2010, when it was obvious early in the summer that the Pubes were going to win in November and everyone actually believed the Republican lie that they would cut spending, only then did Bernanke announce QE2 but did not implement it until after the election. Now he has said QE2 is ending. But he will step in again and undermine any Republican effort in attempt to keep the Fed's death grip on this economy. Look for the announcement late July or early August. If gold drops anywhere near $1475, back up the truck and buy hand over fist. $1475 low target, $1600 intermediate target, $2000 by year end and $2500 possible in Feb. Make it all gold coins stored somewhere safe BUT not at a Bank of America, Wells Fargo, or top 10 bank. If they fail, you want to be able to get to your money. Oh yeah, 6 months of current monthly bills in cash in case of a failure realizing it may only get you 3 - 4 months of actual living expenses. Be prepared. The fat cats on Wall Street and the too big to fail banks and corporation CEOs have a two year head start on you. Why do you think the price of gold continues to rise? Pure unadulterated demand, the number one reason any asset rises.

31 posted on 06/27/2011 5:26:33 PM PDT by cashless (Unlike Obama and his supporters, I'd rather be a TEA BAGGER than a TEA BAGGEE.)
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To: wac3rd

Drawing down the SPR to improve the economy is akin to selling off the household silverware.


32 posted on 06/27/2011 5:55:13 PM PDT by USFRIENDINVICTORIA
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To: peeps36

Got that right!


33 posted on 06/27/2011 8:32:18 PM PDT by Huskrrrr
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To: goodnesswins
No. That is a conceit. Government workers are doingall riught but every one else is sucking wind.

As an example a friend who runs one of the bigger law firms in Northern Virginia is laying off associates, and this is an outfit that is 30 years old and well established. Real estate appraisals are coming in at 30-40% less than even the year before.

34 posted on 06/28/2011 3:40:50 AM PDT by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: wac3rd
38 top economists

One is Paul Krugman. The other 37 are students in a class he is teaching at a local junior college.

35 posted on 06/28/2011 4:13:12 AM PDT by Rocky (REPEAL IT!)
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