Skip to comments.U.S. Economy Grew at 4% Rate in Second Quarter, Beating Expectations
Posted on 07/30/2014 1:08:25 PM PDT by Lorianne
The United States economy rebounded heartily in the spring after a dismal winter, the Commerce Department reported on Wednesday, growing at an annual rate of 4 percent from April through June and surpassing economists expecations.
(Excerpt) Read more at nytimes.com ...
Next week when the corrected numbers come out it will be -2%.
Six this is two, Bravo Sierra, over.
Commerce Department? Let’s see...that’s the Federal Government, isn’t it?
OK...must be false then.
After they adjust the number downward next month it'll be back to negative growth.
My thoughts exactly. The rainbows and unicorns finally arrived! Praise to Aiges-Bearing Jove.
White House to Commerce: "How much did the economy grow this quarter?"
Commerce: "What number would you like us to use?"
I’ll wait until the adjustments come out on Friday before labor day weekend.
and Moon is made of Cheese ,WOW
They adjusted 1Q to -2.1%.
The original swing was 3.9 points. Now it’s a 3.1 point reduction from the original 1%.
I’m thinking this will get revised down to just below 2% eventually.
America is stagnant economically.
Sure it is. Which major companies just laid off 1000s? Mirosoft, ....
What is the number for the banks?
Exactly. Even if by some remote chance this is true, they have zero credibility at this point. And they know it.
So, why 4%? It’s nice round number. Four is a very good useful number and hasn’t been used in a while. Completely underused for some years now. I like 4. Who would not like the number 4 ? ... unless they are ‘haters’ or racists something.
Original was +0.1% not 1.0% and was based on the flawed ACA methodology now fixed.
Liar, liar, pants on fire.
Oh Happy Day! Hallelujah. All praise Dear Leader.
1st revision is scheduled for 8/28
2nd revision scheduled for 9/26
3rd scheduled for 10/30
The while schedule is published http://www.bea.gov/newsreleases/news_release_sort_national.htm
I wonder how much of that “growth” was inflation?
Yes, revisions tend to show worse results.
The inventory levels soared.
Yeah, companies produced some stuff. But they are not selling it to the end consumer.
With the elections just a couple months away, this is about the time I figured the Media would start covering for Obama again. Not that they ever really quit.
We should expect to see nothing but unicorns and lollipops from the Media in regards to the Democrats from here till the end of November and Republicans will be portrayed as evil and all that’s wrong with the universe.
Come now, you know the real numbers won’t be released until the day AFTER Election Day...
I thought I read earlier that June data was incomplete and this was purely an estimate..
I don’t believe any economic data published by the Federal Government. That is a very sad thing to say.
Exactly. Wait until the lies about the 3rd quarter come out just before the mid-term elections.
So-called low information voters (I prefer low IQ voters - most are still stupid even with the information) eat the BS up.
Indeed! Could this have been similar to conversations between the White House and the IRA...as well as the DOJ?
So says the outfit whose stock took a 10% dump in two days.
I shorted them last month and $$$ are involved.
I don’t either. I wonder how many millions, if not billions, of dollars we waste putting out BS statistics.
The same with the CBO and the GAO and all the IG’s. Waste of money. Everyone knows the CBO is garbage in/garbage out. The GAO issues reports that change nothing, no one gets fired, no one goes to jail.
The IG’s show corruption and, again, nothing ever happens.
Total waste of billions of dollars that never stop. All these useless bureaucrats will be paid billions more when they “retire” for life.
They deliberately release “optimistic” numbers because state-controlled media ignores the corrected numbers when they come out.
I don’t believe the numbers either
Lol! The register language of their ideology/philosophy is so easy to mimic, you’d think the vast majority of the public could have readily seen through them much earlier. Unfortunately, their beginnings of awakening may be a bit too late now.
PS Love the quote by Camus on your home page.
I did not mean to say the IRA...but rather the IRS.
Piles of BS and many lies. Typical administration horse manure.
Yeah, by who’s numbers?
Bingo, we have a winner! They’ve been fiddling with the inflation number for the last few years to keep a positive GDP number and that’s in addition to the revisions on how the GDP is calculated to double count some economic activity and to include phantom economic activity.
Thanks! When do I get my certificate?
I have been watching earning drop as raises are below the real inflation rate.
I won’t complain - being employed right now is pretty good!
But our currency is being debased and it will have an impact on us internationally.
Yeah, well, we’re importing the economy killers now aren’t we. Just wait until next quarter. For every 100 illegal alien jobs, 65 American workers are displaced and we’ve recently imported millions of illegal aliens. Plus, the tax dollars that were earmarked to help Americans get ahead, now go to people in this country illegally. Healthcare premiums will rise, due to all the newly uninsured population who become permanent patients in emergency rooms. Crime will rise tremendously...prostitution, drugs, human trafficking, assaults, burglaries, gang violence and car thefts. Along with rising crime comes rising costs to control it...prisons and jails, etc. Not to mention the lives of law enforcement officers targeted by drug cartels, etc. Local, State and Federal budgets will all suffer. These people drain the budgets and entitlement programs - they do no contribute. Education budgets will suffer due to all the specialized classes and classrooms for people here illegally. Unemployment will rise tremendously as Americans are displaced by cheap labor - five dollars and hour - of those here illegally. As the cost of labor goes down, due to slave labor, so does American’s paychecks. Income inequality will rise. Horrible policy from a horrible Democratic Party of America - the anti-American atheistic socialist party.