5.0% GDP! (Happy Days)

BI ^ | 12-23-2014 | Sam Ro

[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)

[blam]

Durables Goods Data Ugly Across The Board, Worst Since Polar Vortex

[blam]

Here Is The Reason For The "Surge" In Q3 GDP

[lostboy61]

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

[Fightin Whitey]

Thank you for saying it.

[spokeshave]

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.

[CincyRichieRich]

Bull crap.

[july4thfreedomfoundation]

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

[Georgia Girl 2]

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.

[Ouderkirk]

They don’t want growth...

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

[<1/1,000,000th%]

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

[Vaduz]

Q3 GDP growth + Debt = -0

[LMAO]

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

[S.O.S121.500]

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

[Rodamala]

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