GDP Goes Negative In Fourth Quarter

I didn't underestimate mine. You've demonstrated all I've come to expect from some of our conservatives friends.

 

Obviously if you did not understand the "lipstick on a pig" saying then I must be more literate than you. But I'm sure you have limited time to expand your horizons given all the effort you put into maintaining your prejudices, so I'll give you a pass.

 

Saying stupid things makes you appear to be stupid.

 

So, why does the right believe gdp will go negative in the fourth quater?

 

Then why do you do it?

 

So, why does the right believe gdp will go negative in the fourth quater?

 

Who believes that? The OP you quoted about the economy dropping in the fourth quarter is from January of 2013 in reference to the fourth quarter of 2012...not this quarter.

 

so, why should we care now that gdp is still positive? it is like claiming we missed a good opportunity to short sell some "emotional" investments.

 

We shouldn't. I don't understand why a 2 year old thread was revived.

 

3rd-Quarter Growth Rate Is Revised Up, to 3.9%
http://www.nytimes.com/2014/11/26/b...ronger-than-expected-in-3rd-quarter.html?_r=0

Yet another spot on prediction by our conservative friends. Don't you guys get tired of being right all the time?

After contemplating that, maybe you can explain why Obama would "fix" the numbers to show a smaller GDP growth rate just before the election.

Conservatives make sense. If you ignore reality.

 

I keep hoping for better answers at lower cost. I keep having high hopes and pipe dreams due to smoking a lot of pot.

 

Still waiting on the 20% unemployment and 5 dollar gas conservatives promised would happen in 2008.

 

Obama has been fixing the numbers for so long why would anyone believe them?

Government spending increased by another 4.2%. Hooray. Do you think he will blame the cold for the next decrease?

 

Yeah, Obama "fixed" the GDP number so it would be lower just before a major election, and then "fixed" it higher after the election.

That makes a lot of sense. If you ignore reality.

 

He may have still fixed them higher than the surveys indicated. Either way I no longer believe his numbers. Let's see what happens in a few years if we get an honest administration.

 

Hey, like the old saying goes, "Sometimes even a blind squirrel finds an acorn." The Federal Reserve's gigantic fraud-balloon just gets bigger and bigger. In theory, it could conceivably fill the universe. That is the ONLY thing that is propping up the post-Recession economy and the stock market. As long as it works, it works. It rolls right off the tongue, but it sticks in my throat. Everything is repeating itself, including the bundled mortgage-backed securities, the accumulation of soaring household debt, the credit default swaps... the whole big bundle of crap that caused the last Recession....

How long can the Fed keep this charade going, Iriemon? I'd trust your opinion more than that of anyone else who posts here.

 

The right believes more in soothsaying doomsdays for free or contingency, while some on the left may believe in doomsday tax rates to establish capital confidence in our fiscal sincerity.

 

People have been saying the fed is going to cause hyperinflation for decades now. Literally since the goldwater days. You'd think if it were true it would have happened by now.

Inflation/deflation happens whether our dollars are backed by gold or backed by the fed. The difference is gold inflation/deflation is chaotic and uncontrolable. Afterall it's not easy to produce or destroy gold to regain control of your currency. But when our dollar is backed by the fed inflation/deflation periods are short lived. That's because we can easily destroy dollars or pump more into the economy to wrestle the value of the dollar back to where it should be.

 

I cannot disagree with you, because as long as the spectators believe that what a magician does is "magic" and not just illusory sleight-of-hand, then the "magic" is taken at face-value and continues to work. We have been committed to the Fed's "magic" for so long now, and it has permeated everything about our economy so thoroughly that we dare not even think about disbelieving in the magic now or we will REALLY have trouble. But, like I asked Iriemon, how long can these central bankers keep this "magic" going...?

 

Really and who made that promise as opposed to Obama's budget team promising unemployment would peak at 8% if the congress passed the stimulus plan.

 

The graph clearly shows the recession was worse than they thought it was. The recovery follows the same path they predicted. Just from a higher starting point.

 

It's not magic. It's basic supply and demand. When inflation starts getting out of control they limit the supply by raising interest rates and destroying dollars. When deflation happens they increase the supply by decreasing interest rates and printing money for stimulus packages. How is that magic?

 

to people that don't understand how the federal reserve works, it seems like magic

 

We were well over halfway through the recession before Obama took office. The job loss rate bottomed out the month the report was issued an improved from there. So either they were too stupid to know that or simply wrong about what the stimulus would accomplish.

 

It is, almost as if, by magic.