GDP comes in at 5.7%?

Discussion in 'Economics' started by Ivanovich, Jan 29, 2010.

  1. I like this line of defense “just think how bad it would have been if they did nothing”
     
    #31     Jan 29, 2010
  2. Arnie

    Arnie

    I believe the number...BUT....

    #1 it is not sustainable

    #2 if we got anything close to that the next few quarters you would see inflation like the '70's and '80's.

    #3 Most of this is nothing but a snap back in inventories. Remember in the last recessions we didn't have "just in time" inventory like we do now. Co's have cut to the bone.

    #4 Housing is rollong over again. My bet is we see at least one more qtr of negative growth before this is over.

    ALL HAIL THE PROLETARIAT!!:D
     
    #32     Jan 29, 2010



  3. A lot of poeple love pointing fingers especially when it comes to the housing situation, but the millions of people who were buying homes they couldnt afford in the first place with the hopes of putting in a new kitchen and selling it a month later for a 20% profit and repeating this as many times as possible and buying more and larger homes are the people to blame.
     
    #33     Jan 29, 2010
  4. S2007S

    S2007S

    Market is loving the 5.7% GDP number.

    TECH especially!!!!!!


    :p :p :p :p :p
     
    #34     Jan 29, 2010
  5. I don't think you understand the potential implications on the banking system and the economy had the Fed done nothing.
     
    #35     Jan 29, 2010
  6. Agree on the first three points.
     
    #36     Jan 29, 2010
  7. Agreed. I have no sympathy for those who didn't do their homework before attempting to make a quick buck.
     
    #37     Jan 29, 2010
  8. I'm not saying Bernanke was the sole culprit of the housing problem. I agree with everything you said. But as a result of the government's (of which I lump in Banana Ben) actions, fiscally responsible folk like myself have to shoulder the burden for dumb jackasses who either tried to make a buck, or couldn't add up a mortgage and interest payment to realize they were in over their head.

    As a result, people like myself who pay all of our bills on time and make sure we are smart about the loans we take out suffer. THAT is horseshit, and I loop Banana Ben with Timmah and Paulson and all the other yambags who are in government (which includes the senate and house).

    I didn't realize I had to put a disclaimer on my original thoughts.
     
    #38     Jan 29, 2010
  9. This discussion has taken many twists and turns. A disclaimer never hurts :p
     
    #39     Jan 29, 2010
  10. Ok...

    The original post is meant for educational purposes only. Any resemblance to real persons, living or dead is purely coincidental. Void where prohibited. Some assembly required. List each check separately by bank number. Batteries not included. Contents may settle during shipment. Use only as directed. No other warranty expressed or implied. Do not use while operating a motor vehicle or heavy equipment. Postage will be paid by addressee. Subject to CAB approval. This is not an offer to sell securities. Apply only to affected area. May be too intense for some viewers. Do not stamp. Use other side for additional listings. For recreational use only. Do not disturb. All models over 18 years of age. If condition persists, consult your physician. No user-serviceable parts inside. Freshest if eaten before date on carton. Subject to change without notice. Times approximate. Simulated picture. No postage necessary if mailed in the United States. Breaking seal constitutes acceptance of agreement. For off-road use only. As seen on TV. One size fits all. Many suitcases look alike. Contains a substantial amount of non-tobacco ingredients. Colors may, in time, fade. We have sent the forms which seem right for you. Slippery when wet. For office use only. Not affiliated with the American Red Cross. Drop in any mailbox. Edited for television. Keep cool. process promptly. Post office will not deliver without postage. List was current at time of printing. Return to sender, no forwarding order on file, unable to forward. Not responsible for direct, indirect, incidental or consequential damages resulting from any defect, error or failure to perform. At participating locations only. Not the Beatles. Penalty for private use. See label for sequence. Substantial penalty for early withdrawal. Do not write below this line. Falling rock. Lost ticket pays maximum rate. Your canceled check is your receipt. Add toner. Place stamp here. Avoid contact with skin. Sanitized for your protection. Be sure each item is properly endorsed. Sign here without admitting guilt. Slightly higher west of the Mississippi. Employees and their families are not eligible. Beware of dog. Contestants have been briefed on some questions before the show. Limited time offer, call now to ensure prompt delivery. You must be present to win. No passes accepted for this engagement. No purchase necessary. Processed at location stamped in code at top of carton. Shading within a garment may occur. Use only in a well-ventilated are. Keep away from fire or flames. Replace with same type. Approved for veterans. Booths for two or more. Check here if tax deductible. Some equipment shown is optional. Price does not include taxes. No Canadian coins. Not recommended for children. Prerecorded for this time zone. Reproduction strictly prohibited. No solicitors. No alcohol, dogs or horses. No anchovies unless otherwise specified. Restaurant package, not for resale. List at least two alternate dates. First pull up, then pull down. Call toll free before digging. Driver does not carry cash. Some of the trademarks mentioned in this product appear for identification purposes only. Record additional transactions on back of previous stub. Unix is a registered trademark of AT&T. Do not fold, spindle or mutilate. No transfers issued until the bus comes to a complete stop. Package sold by weight, not volume. Your mileage may vary. This article does not reflect the thoughts or opinions of either myself, my company, my friends, or my cat. Don't quote me on that. Don't quote me on anything. All rights reserved. You may distribute this article freely but you may not make a profit from it. Terms are subject to change without notice. Illustrations are slightly enlarged to show detail. Any resemblance to actual persons, living or dead, is unintentional and purely coincidental. Do not remove this disclaimer under penalty of law. Hand wash only, tumble dry on low heat. Do not bend, fold, mutilate, or spindle. No substitutions allowed. For a limited time only. This article is void where prohibited, taxed, or otherwise restricted. Caveat emptor. Article is provided "as is" without any warranties. Reader assumes full responsibility. An equal opportunity article. No shoes, no shirt, no articles. quantities are limited while supplies last. If any defects are discovered, do not attempt to read them yourself, but return to an authorized service center. Read at your own risk. Parental advisory - explicit lyrics. Text may contain explicit materials some readers may find objectionable, parental guidance is advised. Keep away from sunlight. Keep away from pets and small children. Limit one-per-family please. No money down. No purchase necessary. You need not be present to win. Some assembly required. Batteries not included. Instructions are included. Action figures sold separately. No preservatives added. Slippery when wet. Safety goggles may be required during use. Sealed for your protection, do not read if safety seal is broken. Call before you dig. Not liable for damages arising from use or misuse. For external use only. If rash, irritation, redness, or swelling develops, discontinue reading. Read only with proper ventilation. Avoid extreme temperatures and store in a cool dry place. Keep away from open flames. Avoid contact with eyes and skin and avoid inhaling fumes. Do not puncture, incinerate, or store above 120 degrees Fahrenheit. Do not place near a flammable or magnetic source. Smoking this article could be hazardous to your health. The best safeguard, second only to abstinence, is the use of a condom. No salt, MSG, artificial color or flavoring added. If ingested, do not induce vomiting, and if symptoms persist, consult a physician. May cause any of the aforementioned effects and/or death. Articles are ribbed for your pleasure. Possible penalties for early withdrawal. Offer valid only at participating sites. Slightly higher west of the Rockies. Allow four to six weeks for delivery. Must be 18 to read. Disclaimer does not cover misuse, accident, lightning, flood, tornado, tsunami, volcanic eruption, earthquake, hurricanes and other Acts of God, neglect, damage from improper reading, incorrect line voltage, improper or unauthorized reading, broken antenna or marred cabinet, missing or altered serial numbers, electromagnetic radiation from nuclear blasts, sonic boom vibrations, customer adjustments that are not covered in this list, and incidents owing to an airplane crash, ship sinking or taking on water, motor vehicle crashing, dropping the item, falling rocks, leaky roof, broken glass, mud slides, forest fire, or projectile (which can include, but not be limited to, arrows, bullets, shot, BB's, shrapnel, lasers, napalm, torpedoes, or emissions of X-rays, Alpha, Beta and Gamma rays, knives, stones, etc.). Other restrictions may apply.
     
    #40     Jan 29, 2010