The people who nailed the horrific Q1 GDP number have bad news about Q2

Business Insider ^ | 04/30/2015 | AKIN OYEDELE

[Paladin2]

Unexpected....

[TexasFreeper2009]

the sad truth is... the only thing that has kept Obama and his failed polices from throwing us into great depression 2.0 was the fracking boom which just by chance happened to occur at just the right moment to save us for awhile.

[skeeter]

I was amused at how our syndicated news feed covered the poor Q1 news - they reported unemployment filings were at a three year low!

[RayChuang88]

Plus the fact that Apple, Google and other tech companies in the San Francisco Bay Area became really successful between 2009-2011. Remember, Apple started to really gain momentum first with the iPhone in 2007, then with the iPad in 2010. Sure, iPad sales have kind of cooled but you can't beat the iPad for a portable media consumption device.

[ealgeone]

We've always had winters. They're not any colder or any longer than previous.

Lower fuel prices will spur the economy as people have more money to spend, they will travel more, buy more......or use it to pay for Obamacare which is a drain on the economy.

Or another way of looking at it, Obama's economy can only work in perfect weather and high energy prices.

[KosmicKitty]

I do not understand how lower energy prices are a bad thing.

[VRWCarea51]

They use the same people to figure unemployment as counts the Criminal invaders sneaking across our southern border.

[Oldeconomybuyer]

“A society that puts equality — in the sense of equality of outcome — ahead of freedom will end up with neither equality nor freedom. The use of force to achieve equality will destroy freedom, and the force, introduced for good purposes, will end up in the hands of people who use it to promote their own interests.” ― Milton Friedman

[chud]

the sad truth is... the only thing that has kept Obama and his failed polices from throwing us into great depression 2.0 was the fracking boom which just by chance happened to occur at just the right moment to save us for awhile.

Yup, and now that the fracking boom has slowed down, we are seeing what the "real" economy looks like.

The Atlanta Fed is broadcasting a warning to us so that when the bad economy starts to show in a dramatic way, they can say, "Hey we told you so!".
Pay off debt and get ready.

[Jack Hydrazine]

Will the Fed Run Out of Excuses as the Weather Warms?
https://www.youtube.com/watch?v=5FqLGJPoC18

[GeronL]

1% would have been hailed as a massive booming economy. lol

[jonose]

If you slit your wrists, eventually blood flow will reach all time low

[LMAO]

You said...
“I do not understand how lower energy prices are a bad thing.”

It isn't.

However, in this sluggish recovery, the oil boom was the one bright spot in this economy and it was practically the only decent paying fulltime jobs created in this sluggish economy. But, oil prices had to stay high, I believe it was around 70-80 dollars a barrel, for many of these companies to stay in business. When those who are employed in the oil patch business lose their jobs, were will they go? And as more and more of these folks lose their jobs, it will affect other businesses in these communities

[skeeter]

Lol

[KosmicKitty]

Thanks - that does make sense, but still not a good thing.

[RayChuang88]

We've always had winters. They're not any colder or any longer than previous.

However, the last few winters have been brutally bad in the Upper Midwest and Northeast. When eastern Massachusetts got essentially two years of normal snowfall in the space of a month and the Buffalo area experienced this past winter one of the most brutal bouts of lake effect snow, no wonder the US economy slowed down over the winter. I'd ask serious questions if the April-June quarter is bad, though.

[thesharkboy]

However, the last few winters have been brutally bad in the Upper Midwest and Northeast. When eastern Massachusetts got essentially two years of normal snowfall in the space of a month and the Buffalo area experienced this past winter one of the most brutal bouts of lake effect snow, no wonder the US economy slowed down over the winter. I'd ask serious questions if the April-June quarter is bad, though.

That may be so, but I have never seen a good economic report that was tempered by unusually good weather.

[odawg]

The only thing certain about explanations as to why the economy dips is that it is not Obama’s fault. And if only the Republicans would get out of his way...

[ealgeone]

If the economy can’t handle that we’re in serious trouble.