Posted on 12/23/2014 6:43:10 AM PST by blam
Sam Ro
December 23, 2014
America is just killing it.
Q3 GDP growth was just revised up to 5.0% from last month's estimate of 3.9%.
This is the fastest pace of growth since Q3 2003. This was also much stronger than the 4.3% expected by economists.
"The increase in real GDP in the third quarter primarily reflected positive contributions from PCE, nonresidential fixed investment, federal government spending, exports, state and local government spending, and residential fixed investment. Imports, which are a subtraction in the calculation of GDP, decreased," the BEA said.
Personal consumption growth was revised up to 3.2% from 2.2%.
Services spending growth accelerated to a 2.5% rate, adding a whopping 1.2 percentage points to GDP growth.
Real final sales, that is GDP minus the change in private inventories, jumped 5.0%.
(snip)
(Excerpt) Read more at businessinsider.com ...
You really believe that we had a GDP of 5%?
It’s all and illusion, how can that be with almost 100 million people out of work and not looking for work?
Take away the government safety net and The Fed and your in a depression.
Why’s he pumping out so much BS at us now? (What further evil could be be doing to us while we’re being fed this krapo?)
To me it seems that more and more we have Freepers who claim to be Conservative but spout unionista propaganda (A.K.A. liberalprogressivespeak) like "free traitors" and deride Libertarians...
All the world is mad save thee and me, and sometimes I wonder about thee.
Yep for years the dems said we couldn’t drill our way out of this. It was a “world market” so the supply side of the equation didn’t matter. They just wanted to keep the price high to wean us of evil gas. If you suffered ..so sad. Basterds.
The rudder fell off of my boat a long time ago.....
I never had a rudder.
It would be negative and in truth it is negative. Check Shadow Statistics.com
Hooray! What does that bring the Labor Participation Rate down to?
As a High Information Tea Party voter, I agree. I don’t believe any of the government “statistics.” The economy is NOT growing and is NOT creating more jobs than it loses. And the REAL federal deficit has NEVER been higher!
Obonics to English translation: The books are cooked.
(see also: Unemployment Rate)
Folks lets work with the truth here not the magic numbers from the magic Emperor of the USSA. Unemployment C-6 18.5%, GDP .04% after removal of true inflation number. Before you go crazy remember we are talking truth here not magic dust. We as a nation are so screwed you have no ideal.
The whole world... corporations, governments...folks just got a fat pay raise with this cheap oil. For some folks all news is bad news. I predict with pent up demand and folks finally coming out of their funk things will rip. I predict you’ll see Dow 25000 soon.
The standard of living depends on what you create and how much of it you get to keep, not how fast the government can shuffle money around.
Want to be a millionaire? Buy a paperclip from me for a $1. I’ll buy it back for $1. Repeat this a million times and we’ll both be rich! Sure we’ll owe taxes but imagine the benefit to the GDP!
The real economic numbers will be released on inauguration day when a republican President is sworn in.
I think there has been a 5% increase in the rate of wealth transfer from the dying middle class to the top 10%. Maybe that’s what the statistic means.
How many times has that scenario been replayed in the last 6 years?
Sorry got the point in the wrong place .40 % or for the children 4 dimes or 1 nickel-1 dime and a quarter of a dollar.
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