Posted on 10/29/2015 6:08:03 AM PDT by Perdogg
The long awaited inventory correction is finally arriving. Moments ago the BEA reported preliminary Q3 GDP, which at 1.49%, missed both sellside consensus expectations of 1.6%, and tumbled from the 3.9% reported in the second quarter as the quarterly volatility continues at an unprecedented pace. This was the second lowest quarterly GDP print since Q1 2014 excluding the "double seasonal adjustment" meant to cover up the collapse in Q1 2015 GDP.
(Excerpt) Read more at zerohedge.com ...
What was the double seasonal adjustment in Q1? I missed that story. I remember they announced a 0% change, and then revised upwards, but I didn’t see this as the reasoning. Seems like something that would have been all over FR.
We are headed into a deflationary depression. The next President is going to have his hands full.
Hillary doesn’t want to hear this kind of news.
Did the administration blame George Bush yet?
The next President is going to have his hands full.
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If a Republican gets elected, the Fed will all of a sudden start up the tightening cycle.
The economy is weak, debt is of the charts, and anti-business policies need to be reversed. You’re right; the next president will have his hands full with economic problems, but the foreign policy area will be an ugly mess too.
Better hold off ordering the Coronation robes Hillary, looks like 0 wrecked the economy again.
The media foot soldiers will be hard at work today trying to spin this into a positive story.
You are a microaggressor.
You said...
“The media foot soldiers will be hard at work today trying to spin this into a positive story.”
They’re gonna have to get real creative to do that
Bingo. There is so much Wall Street money abroad that they can't afford this nation to be great again. Who is going to pay to defend them around the world without a productive America?
Not really. Just reverse course from all of the Democrat’s policies over the last 8 years. Use the Commerce Clause to break local monopolies on licensing and services. Create a real open market in healthcare and viola 5-6% GDP growth rates and low, no inflation.
Let the Fed tighten. They’re not doing a great job, but most of what we are experiencing economically is a direct result of fiscal and regulatory policies.
They’re gonna have to get real creative to do that
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Its not so hard for the media. They do this every day, with creative assistance from the legions of folks at the DNC.
The media doesn’t report the news. They shape it, much like an artist creates a work to convey a particular theme and evoke certain emotions. They are very crafty and industrious when it comes to attacking Republicans and defending the left wing agenda.
I don’t disagree, but my fear is that the Fed will over do it because a Republican is in office. Not unlike the way they avoided any tightening on Obama’s watch. Everything in Washington DC is political.
The Fed serves its political masters which is why it cannot be and never was “independent”. I don’t think they’re in a conspiracy, just interested in keeping the cronies satisfied. They know no more than you or I about the future. I want a market in interest rates with a return to bank clearing houses and a 2-4% standard velocity of money growth. Make it as competitive and objective as possible and the economy will thrive. Make it political and you’ll get what we have now or worse.
That’s why I am backing Trump. He is going to bring back the free market, roll back regs and most importantly flog those quislings in Congress to cut the corporate tax rate and allow repatriation of the offshore money. The growth will be fast and yuge.
Here is just one sample of the liberal media spin I was referring to...
http://finance.yahoo.com/news/gop-debate-comes-short-tax-130609748.html
Trump is a central planner. All his negotiation talk isn’t free market, it’s hands on pure Soviet central planning. We’re hiring a better Obama is his shtick.
You need to take some courses on economics and then get back to me. :-)
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