Posted on 08/27/2015 4:20:59 PM PDT by John W
WASHINGTON (AP) -- The U.S. economy staged a far bigger rebound last quarter than first thought, outpacing the rest of the developed world and bolstering confidence that it will remain sturdy in coming months despite global headwinds.
The economy as measured by gross domestic product expanded at an annual rate of 3.7 percent in the April-June quarter, the Commerce Department reported Thursday. That's more than a percentage point greater than the initial 2.3 percent estimate and a sharp upgrade from the anemic 0.6 percent advance during the January-March quarter.
President Barack Obama took note of the good GDP report, saying it showed America remains "an anchor of global strength and stability" with an economic recovery that has been faster and stronger than most other nations.
(Excerpt) Read more at finance.yahoo.com ...
Oh, I know...
...Commerce Department books!
.
Whether higher interest rates are better are worse is not the issue. They just got to try to make all the lies kinda sorta fit together.
America just ran the largest trade deficit in recorded history with China last year. 342 billion dollars.
And it is getting even worse, next year.
Since when the hell is 3.7% stellar?
Fewer people working than when the Kenyan maggot took office is not good.
If the rest of this year goes up in any fashion, you know the books are cooked.”
Well, this had to be partially because of all the back to school supplies, although locals in our city are claiming they provided free supplies and backpacks for as many as 15,000 “poverty ridden” families. Then we have Thanksgiving coming soon to be followed by Christmas and everyone knows we’ll spend all our extra money on more stuff this year. Just lots and lots of opportunities except that in reality most of us are trying to figure out how we’re going to pay the tax bills this year, high utility bills because of hot, dry weather and stretch our food dollars as far as possible in spite of unbelievably high prices.
The stock market activity proves it. /s
That's been a pretty well established pattern, yes sir it has .....
That is a really nice drawing of he Mosin Nagant.
One of the better Soviet posters I’ve seen.
If that is true, then why is the Fed not raising interest rates?
Take it from a retailer on the ground - the 2nd quarter was an abysmal disaster - worst since the 2008 crisis. The 3rd quarter is shaping up to be even worse.
First I don't believe that number, and I also don't believe the original 2.3% and second only in the midst of the worst economic recovery could anyone ever consider 3.7% growth as 'Stellar'!
Of course the BDI is in the toilet but hey who is watching? LOL!
I work in industrial distribution and I agree...I know the economy is not growing and this year has been the worst of a bad lot...ever since 2009.
Folks, all you have to do is read. The 3.7 is the annualized figure for the quarter. At best, that is a good socialist European number, but pathetic for a pre-Obama America. However, what’s worse is that it should be averaged into the really bad .6 first quarter. They won’t tell you how that annualizes. It looks like it would be less than 2.5! That’s bad, even for Europe.
AP via Yahoo. Whats not to believe????/sarc
95 million not working. 50 million on food stamps. Most jobs are part time and low wage. Home ownership at an all time low. Foreign born taking the majority of new jobs. Stellar. Yeah.
95 million not working. 50 million on food stamps. Most jobs are part time and low wage. Home ownership at an all time low. Foreign born taking the majority of new jobs. Stellar. Yeah.
While that may true when compared to Greece, Spain, France, Venezuela, the fact remains this has been one of the worst Post WW2 recoveries
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