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5.0% GDP! (Happy Days)
BI ^ | 12-23-2014 | Sam Ro

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 ...


TOPICS: News/Current Events
KEYWORDS: economy; gdp; inflation; investing
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To: Farmer Dean
Durables Goods Data Ugly Across The Board, Worst Since Polar Vortex
41 posted on 12/23/2014 7:24:45 AM PST by blam (Jeff Sessions For President)
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To: blam
Here Is The Reason For The "Surge" In Q3 GDP
42 posted on 12/23/2014 7:27:52 AM PST by blam (Jeff Sessions For President)
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To: Blackirish

I think you should not roll a fatty first thing in the morning! Oh I remember story’s about people like you in 1929 that told everyone how the market would keep going up. Please don’t come to my hidey hole when it turns to crap.
( Dave’s not here man ) Please check BDI


43 posted on 12/23/2014 7:35:44 AM PST by lostboy61 (Lock and Load and stand your ground!.)
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To: Texas Eagle

Thank you for saying it.


44 posted on 12/23/2014 7:38:04 AM PST by Fightin Whitey
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To: allendale
My,My. All that borrowing and money printing sure makes those statistics look good. Somewhere Mark Twain is laughing hysterically.

Ha....and Adam Smith's invisible hand has carpal tunnel syndrome from overwork.

45 posted on 12/23/2014 7:39:21 AM PST by spokeshave (He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people,)
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To: blam

Bull crap.


46 posted on 12/23/2014 7:46:40 AM PST by CincyRichieRich (In Times of Universal Deceit, Telling the Truth Becomes a Revolutionary Act.)
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To: blam

More cooking of the books from the Federal Ministry of
Dis-Information.


47 posted on 12/23/2014 8:03:29 AM PST by july4thfreedomfoundation (Everytime the cash register rings in a gun store, a Founding Father gets his wings.)
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To: Captain Peter Blood

Yes its all an illusion. 18%-20% is the true unemployment rate. There are 140 million people in this country of employment age and 92 million are out of work. How is that 5.6 % unemployment? 1 in 5 people are on foodstamps. If it was not for welfare, unemployment insurance and food stamps there would be soup lines a mile long on every corner.

The real indicator of what is happening is the Baltic Dry Index (BDI) and its looking bleak. We are in a global meltdown.


48 posted on 12/23/2014 8:06:19 AM PST by Georgia Girl 2 (The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
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To: jsanders2001

They don’t want growth...

They want static or contracting economy to achieve their Globull Warming goals.


49 posted on 12/23/2014 8:07:01 AM PST by Ouderkirk (To the left, everything must evidence that this or that strand of leftist theory is true)
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To: blam

It’ll be revised downward again when the next quarter tanks.


50 posted on 12/23/2014 8:07:50 AM PST by <1/1,000,000th%
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To: blam

Q3 GDP growth + Debt = -0


51 posted on 12/23/2014 8:12:04 AM PST by Vaduz
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To: Georgia Girl 2
You said...
“Yes its all an illusion. 18%-20% is the true unemployment rate. There are 140 million people in this country of employment age and 92 million are out of work. How is that 5.6 % unemployment? 1 in 5 people are on foodstamps. If it was not for welfare, unemployment insurance and food stamps there would be soup lines a mile long on every corner.”

There is a difference in how the elected class and media class view the economy and how average American’s are viewing it.

Although the drop in gas prices might provide some relief,albeit temporarily

52 posted on 12/23/2014 9:03:13 AM PST by LMAO (("Begging hands and Bleeding hearts will only cry out for more"...Anthem from Rush))
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To: Lazamataz

Sometimes you are the reason to lobby for a “Like” button around here.....


53 posted on 12/23/2014 10:44:07 AM PST by S.O.S121.500 (Had ENOUGH Yet ? ........................ Enforce the Bill of Rights ......... It's the LAW !!!)
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To: jsanders2001

So long as Government Spending is included as a portion of GDP, the figure itself, as far as I am conserned, is MEANINGLESS.


54 posted on 12/23/2014 1:15:16 PM PST by Rodamala
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