and when Iran goes nuclear??? then what...
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 ...
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.
AP setting up the next round of unexpected
Agree.
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?
.
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 !!!
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.
and when Iran goes nuclear??? then what...
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! |
| 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.
|
They are hoping that if they say it enough, the people will believe it.
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.
Drawing down the SPR to improve the economy is akin to selling off the household silverware.
Got that right!
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.
One is Paul Krugman. The other 37 are students in a class he is teaching at a local junior college.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.