Lake Erie Conservative

thoughtful discussion(s) about issue(s)

Posts Tagged ‘Gross Domestic Product’

… I would tend to wonder [#Q2 GDP]…

Posted by paulfromwloh on Sunday,August 10th,2014

.. the underlying facts on this one do not fit ..

.. especially with consumer spending . The spending by consumers makes up 65% of our economy . So , in the 2nd Quarter , consumer spending was up , but only by 2.5% …

.. and the Department of Commerce says our GDP rose by 4.00% in the 2nd Quarter ?? It does not make sense …

.. [h/t — HotAir.com]..
.. [link] to the economic report ..

.. also , I will tell you why . The amount of investment , or , to be honest , the lack thereof …

.. a lot of the upside in this is from inventory buildup . You have that with an expansion , but , if there is any falloff , then look out below . Also , you have a problem with the lack of gain in general investment . You really cannot have a sustained and strong expansion without it . That is what the ObamaCraps keep forgetting , if they even give a damn about it …

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… While We are Not Headed For a Recession [I think] …

Posted by paulfromwloh on Saturday,June 14th,2014

.. we are not headed for a robust recovery , either ..

.. we have a bunch of dummies in the DemoCrap party , and especially in the ObamaCrap White House . These morons do not have a clue about how the markets work . If you want to create sustained positive growth , as Ronaldus Magnus did , JFK did , Dubya did , and Greenspan [no , not Clinton] did , what do you really have to create ?? …

.. [h/t — HotAir]..
.. [link] to the blog post ..

.. simple …. investment . why investment …. take a look at this snippet from this post from HotAir on the GDP report , and you will see why …

For the first time in three years, the American economy contracted over the course of a quarter. In the interim report on GDP, the BEA estimates that the US economy shrunk by a full point in 2014 Q1, a downward revision of the advance estimate of 0.1% growth:

Real gross domestic product — the output of goods and services produced by labor and property located in the United States — decreased at an annual rate of 1.0 percent in the first quarter according to the “second” estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.6 percent.

The GDP estimate released today is based on more complete source data than were available for the “advance” estimate issued last month. In the advance estimate, real GDP was estimated to have increased 0.1 percent. With this second estimate for the first quarter, the decline in private inventory investment was larger than previously estimated (see “Revisions” on page 3).

The decrease in real GDP in the first quarter primarily reflected negative contributions from private inventory investment, exports, nonresidential fixed investment, state and local government spending, and residential fixed investment that were partly offset by a positive contribution from personal consumption expenditures. Imports, which are a subtraction in the calculation of GDP, increased.

.. LEC again : …

… personal consumption [consumer spending] is a big part of the economy . However , it cannot do all of the heavy lifting all by itself . Especially right now . Given the piss poor job market , folks , and the craziness that is ObamaCrapCare , you really should not expect growth to be growing great guns …

.. if this continues , then you could see some serious cost – cutting kick in , in  terms of layoffs in the job market . Then , when or if that happens , the unemployment rate takes off , and you get a  recession . Which for the DummyCraps would be occurring at the worst possible time ..

.. a recession during Obama ‘ s second term would finally shut him up . His Lordship cannot and should not expect to try a re – run of his first – term antics . The markets will not let him ,especially with inflation picking up . Hopefully , then , some of the loonie – leftie business types will sit down with His Lordship and try to make sure that that Damn Idiot gets religion on investment and its role in the economy …

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