GDP RISES - Recession Goons Left Reeling

[PaceAdvantage]

Up .6%.....

GDP Increase Undermines Alarmist Claims
Last Update: 30-Apr-08 08:41 ET

The first quarter increase in real GDP at a 0.6% annual rate undermines concerns that economic trends are deteriorating rapidly and even that the economy is in recession. This is not an aberrant number. Inventories added 0.8% to the overall gain, and skeptics will be quick to point out that would have declined at a 0.2% annual rate without this swing factor. However, inventories do reflect economic activity and belong in the calculation. The other component trends reflect surprising resilience and even strength that suggests the outlook for second quarter GDP is surprisingly good.

More here:

http://briefing.com/GeneralContent/I...46HeadlineHits

[ljb]

Let's see thats you, Lefty and G.W. Bush. A gathering of financial wizards, if ever there was one.

[DJofSD]

Martin Feldstein says you're not interpretting that number correctly and that the language used when reporting the number is misleading. CNBC interview during Closing Bell.

[pktruckdriver]

Why o Why


Hey Bossman, you really are convinced things are just "peachy keen", aren't you?

My God man I do have pity on you, do they need to start jumpimg out the windows as in the 30's, well guess what, those windows don't open anymore, now they must do it in other ways. Not recommending that at all, no way, but com'on man , don't you believe that there was WMD in Iraq too.

Wait that was wrong, but really what will it take to convince you of how bad things really are out here??? I work out here and see "it" everyday and its getting worse ,not better, I hope it was not so bad, really I do, but it is getting really scary out here in the real world, Bossman.

My Opinion
Patrick

Manipulated numbers do not make things right

[OTM Al]

Two things to consider here. The running up of inventories can keep producers running for the short term. However there is a point where they stop running up inventories because they simply won't be able to sell the stock they have. So don't count on this being there for long. Second, that is total GDP with very low growth. This gives a warning that per capita GDP may be falling, ie consumers are worse off

[PaceAdvantage]

Originally Posted by pktruckdriver

Hey Bossman, you really are convinced things are just "peachy keen", aren't you?

You're an odd duck.

I've never once conveyed any indication that I think things are "peachy." I HAVE stated multiple times that it's clear we are in an economic slowdown. There's a difference between a slowdown and a recession/depression.

The employment number this week will be telling. Wednesday's ADP employment number surprisingly showed a 10,000 GAIN in jobs, compared to the expected 60,000 LOSS.....big difference, but the ADP number isn't considered all that reliable....

Non-farm payrolls on Friday might be interesting....

Bottom line....still no recession....and General Franciso Franco is STILL dead....

[PaceAdvantage]

Originally Posted by ljb

Let's see thats you, Lefty and G.W. Bush. A gathering of financial wizards, if ever there was one.

Why let facts get in the way of a broken record?

[ljb]

Originally Posted by PaceAdvantage

Why let facts get in the way of a broken record?

You should have learned by now. Anything that comes from this government is pure bs. Maybe soon we will have facts but for now we have wmds and mission accomplished and heckuva job brownie type data. But you and Lefty and Gw continue on your merry way in fantasy land. enjoy

[DJofSD]

....and General Franciso Franco is STILL dead....

That brings back some memories!

[PaceAdvantage]

Originally Posted by ljb

You should have learned by now. Anything that comes from this government is pure bs.

Ah, the groans and moans of a true goon. If you can't agree with the facts, simply label the facts NOT FACTS. How convenient for you....

I suppose this method of yours works equally well with speeding tickets and income tax returns?

[pktruckdriver]

A Duck???

[ljb]

Originally Posted by PaceAdvantage

Ah, the groans and moans of a true goon. If you can't agree with the facts, simply label the facts NOT FACTS. How convenient for you....

I suppose this method of yours works equally well with speeding tickets and income tax returns?

This from DJofSD above
Martin Feldstein says you're not interpretting that number correctly and that the language used when reporting the number is misleading. CNBC interview during Closing Bell.
Are you calling Martin Feldstein a goon?
“language used when reporting the number is misleading”.
Hate to keep popping your balloon PA, but someone has to.
Like I have been saying here for years. Truth hurts.

[PaceAdvantage]

I'm not interpreting the number correctly? A RISE is a RISE is a RISE is a RISE is a RISE.

Especially in a time when we're supposed to be in the middle of some DEEP, DARK, SCARY RECESSION bordering on a DEPRESSION!

Deep, dark, scary RECESSIONS don't produce RISES in GDP quarter after quarter, NO MATTER THE INTERPRETATION.

Talk about using the politics of FEAR.....unreal.....

[Tom]

The fear I have - and it is very real - is that the price of gas and healthcare are just about to make it more profitable for me to go on welfare and food stamps than continue to drive to work every day. I am not alone. I won't, at least not yet ( but hey, who knows, next year......why not - everyone else gets a free ride). Many will choose this option. And with a dem government looming, no one will be denied a free ride. Until the whole thinkg crashes.

Right now, we have a total governement failure to do it's job. Every level.
The dems whine about price gouging for fule, but refuse to budge an inch on cutting back thier cut of the loot ( gas taxes). They whine about dependence on foreign oil, yet refuse to do anything about increasing our own drilling for our oil. In a world where the oil supply is not guarrenteed, they want to cut our strategic supply. They whine about global warming, but refuse to admit using less oil is a good thing in that regard.

And Bush......I dunno what planet he is on anymore.

There are many specific, short and long term things we should be doing. So far, nothing but talk from anyone. And out B teams are up to bat in 2008. Or C teams.

[DJofSD]

Are you calling Martin Feldstein a goon?

No.

I'm pointing out that an wiser, more informed opinion is out there and it is that the numbers should not be taken on the face of them. There's more to the story than 'look, it's not negative, so, we're doing OK.'