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Economic growth tepid as spending flat (Unexpected alert!)
http://www.reuters.com ^
| WASHINGTON | Fri Jul 29, 2011 8:39am EDT
| By Lucia Mutikani
Posted on 07/29/2011 6:02:27 AM PDT by Red Badger
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EXPECT THE UNEXPECTED.....................
To: Red Badger
And inflation was what? 3-5 percent? Sounds more like no growth to me.
2
posted on
07/29/2011 6:04:47 AM PDT
by
jpsb
To: Red Badger
“The economy grew less than expected in the second quarter as consumer spending barely rose”
Consumer spending barely rose because the economy grew less than expected.
To: Red Badger
Anyone remember when Venezula had a 400% inflation rate?
4
posted on
07/29/2011 6:07:04 AM PDT
by
Marty62
(Marty60)
To: jpsb; all the best
First-quarter output was sharply revised down to a 0.4 percent pace from 1.9 percent. IOW they lied to us BIGTIME about the 1st quarter!......hoping the next quarter would erase their crime!..............
5
posted on
07/29/2011 6:08:35 AM PDT
by
Red Badger
(PEAS in our time? Obama cries PEAS! PEAS! when there is no PEAS!..........................)
To: Red Badger
Between the cheap made, lead loaded china made crap that won’t go through 2-3 cleanings with out unraveling, why should I spend what few extra $$ for such garbage, and it is not even my age related in clothing.
6
posted on
07/29/2011 6:09:47 AM PDT
by
GailA
(Any congress critter who fails to keep faith with the Military, will fail to keep faith with YOU!)
To: Marty62
I remember it like it was yesterday...................wait a minute....It was YESTERDAY!................
7
posted on
07/29/2011 6:10:19 AM PDT
by
Red Badger
(PEAS in our time? Obama cries PEAS! PEAS! when there is no PEAS!..........................)
To: Red Badger
Who are these economists? They never get it right. How do any of them still have jobs?
8
posted on
07/29/2011 6:10:48 AM PDT
by
zavvone
To: Red Badger
Any economic growth whatsoever is the past two years has been due to government pumping. The pumping has stopped and at least for the time being, QE has stopped.
If or when the government credit card is cut off, these numbers are going to go negative for a long time. Has to be done, but it’s going to be the pits for everyone for a long time.
9
posted on
07/29/2011 6:10:55 AM PDT
by
randita
(Obama - chains you can bereave in.)
To: Red Badger
This and the sharp downward revisions to the prior quarters suggest a more troubling and fundamental slowdown might be underway. 0banomics leads to .....0bamageddon.
10
posted on
07/29/2011 6:11:06 AM PDT
by
spokeshave
(Obamas approval ratings are so low, Kenyans are accusing him of being born in the USA.)
To: GailA
We shop Salvation Army, Goodwill, Waterfront Mission store almost every weekend. There are crowds,,,,,,,,,,,,
11
posted on
07/29/2011 6:11:55 AM PDT
by
Red Badger
(PEAS in our time? Obama cries PEAS! PEAS! when there is no PEAS!..........................)
To: zavvone
Who are these economists? They never get it right. How do any of them still have jobs? They are government workers..............
12
posted on
07/29/2011 6:13:01 AM PDT
by
Red Badger
(PEAS in our time? Obama cries PEAS! PEAS! when there is no PEAS!..........................)
To: zavvone
Who are these economists? They never get it right. Economics....the subject who's trivia quiz....
Has 400 questions
.....and a thousand answers.
13
posted on
07/29/2011 6:14:06 AM PDT
by
spokeshave
(Obamas approval ratings are so low, Kenyans are accusing him of being born in the USA.)
To: Red Badger
In other news, chocolate rations are up. Does anyone believe these numbers? This is a damn depression.
14
posted on
07/29/2011 6:14:39 AM PDT
by
Siouxz
To: randita
The government is a big part of the problem that you never hear about.
The US Government is SUCKING UP ALL THE CREDIT WITH OBAMUGABE’S FREE SPENDING POLICIES!
When the government is taking away all the credit $$$ there is little else for anybody to use to make investments in plants and equipment..............
15
posted on
07/29/2011 6:15:48 AM PDT
by
Red Badger
(PEAS in our time? Obama cries PEAS! PEAS! when there is no PEAS!..........................)
To: Red Badger
And I expect last week's unexpected drop in unemployment to 398,000 to be revised up above 400,000.
16
posted on
07/29/2011 6:16:24 AM PDT
by
magellan
To: zavvone
like meteorologists..
17
posted on
07/29/2011 6:16:28 AM PDT
by
Perdogg
(0bama got 0sama?? Really, was 0sama on the golf course?)
To: magellan
Wow! You must be psychic!..............
18
posted on
07/29/2011 6:17:10 AM PDT
by
Red Badger
(PEAS in our time? Obama cries PEAS! PEAS! when there is no PEAS!..........................)
To: Red Badger
This is just cover for QE3. Watch for this announcement soon.
19
posted on
07/29/2011 6:32:45 AM PDT
by
mtthw2
To: Red Badger
Putting lipstick on the pig, they had to doctor last month’s number, knocking a stunning 1.5% off, so this month’s pathetically anemic number would look like an improvement. Who believes this bunch of liars, after all the phony numbers they’ve fed the press since BO’s immaculation?
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