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Author Topic: Economy Grows 4% in Q2  (Read 958 times)

Nick1911

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Economy Grows 4% in Q2
« on: July 30, 2014, 05:21:23 PM »
http://www.nytimes.com/2014/07/31/business/economy/us-economy-grew-4-in-second-quarter.html?_r=0

Huzzah!  Pushing out of the recovery into another age of prosperity!
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Balog

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Re: Economy Grows 4% in Q2
« Reply #1 on: July 30, 2014, 05:29:38 PM »
Is this one of those seasonally adjusted things where next time there's an unrelated story dominating the headlines they'll announce it was actually %0.04, and that's only because they count crossing the border illegally as an economic activity?
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Re: Economy Grows 4% in Q2
« Reply #2 on: July 30, 2014, 06:19:27 PM »
Quote from: Balog on July 30, 2014, 05:29:38 PM
Is this one of those seasonally adjusted things where next time there's an unrelated story dominating the headlines they'll announce it was actually %0.04, and that's only because they count crossing the border illegally as an economic activity?

Ha, I figure there will be a new announcement shortly after the mid term elections that is was -4% GDP. :)
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Re: Economy Grows 4% in Q2
« Reply #3 on: July 30, 2014, 06:23:37 PM »
Four percent?  Sure it was.  I haven't seen any pigs flying by.
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Re: Economy Grows 4% in Q2
« Reply #4 on: July 30, 2014, 06:26:31 PM »
Last quarter they trumpeted ~1.3% growth...and the revised figures showed -2.6%.

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Re: Economy Grows 4% in Q2
« Reply #5 on: July 30, 2014, 08:22:20 PM »
I suspect they're heavily weighting sales of the how-to videos for applying for Obamacare.
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Ron

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Re: Economy Grows 4% in Q2
« Reply #6 on: August 01, 2014, 06:28:55 PM »
4% ?

As someone who works in retail I say bullscat.

The panic about November has set in and it is time to use the fourth estate in their fifth column role to mold "reality".  
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makattak

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Re: Re: Economy Grows 4% in Q2
« Reply #7 on: August 01, 2014, 07:25:39 PM »
From my recollection, exports went from -9% last quarter to +9% this quarter. Everything else was basically flat.

So, yes pretty much everything still sucks unless you are in the export business.
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Re: Economy Grows 4% in Q2
« Reply #8 on: August 02, 2014, 02:01:43 PM »
 So, the rest of the world can, again, buy the stuff we produce but "We' can't afford it?
Honest question. Not sarc.
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Re: Economy Grows 4% in Q2
« Reply #9 on: August 04, 2014, 10:08:44 AM »
#1 US export is food.
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Re: Economy Grows 4% in Q2
« Reply #10 on: August 04, 2014, 10:40:03 AM »
For us, it's hard to judge; right now is when all the incentive programs are out of money and won't have any more until next fiscal year.  When you're talking about an $8-10,000 difference in out-of-pocket expenses, that has a lot of people waiting a few months rather than buying now.

OTOH, that gives us some time to catch up, tweak systems that are within spec but not as good as we think they should be, prep estimates for the people who want to be first in line for next year's incentive money, etc.
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