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US GDP falls -2.9%...absent recession


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#16 ecu88

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Posted 25 June 2014 - 10:42 AM

Stocks go up, out of labor is still up, unemployment is still not shrinking, and the Feds are still printing money, what else is new.

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#17 thatlookseasy

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Posted 25 June 2014 - 12:03 PM

So am I reading correctly that a big factor in this is that people are spending less on healthcare than expected under obamacare?

 

Thanks, Obama!

 

Reducing healthcare spending seems like it would be rather traumatic to the economy (in the short-term) since it makes up almost 20% of our GDP



#18 pstall

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Posted 25 June 2014 - 10:24 PM

Seems odd but it matters not. Whatever this admin trots out its the truth. So the 6 mil that was added to ACA= 18% Gdp? Lol

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#19 PandaPancake

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Posted 25 June 2014 - 11:09 PM

Jesus Christ I'm spending money on Netflix and Hulu, why isn't it helping?

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#20 google larry davis

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Posted 26 June 2014 - 12:27 AM

Economics 101 just doesn't seem to hold water anymore.

 

11 million on disability, half the country on assistance of some kind, and the stock market setting records based on the Fed pumping.

 

Debt no longer matters.

 

Why did I waste time on that stupid class in College?  Oh wait, it was required.  Don't feel so bad now.

 

The things you learn in Econ 101 are intended to provide a foundation for the more advanced concepts that are actually applicable to The Real World.

 

Rather than asking yourself "Why did I waste time on that stupid class in College?" you should instead ask yourself "Why did I take one intro course and immediately assume that every interaction that occurs within the market can be explained by 'supply and demand' and the general belief that every budget, no matter the context, should be managed as one would a household budget?"



#21 pantherfan49

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Posted 28 June 2014 - 08:40 AM

So am I reading correctly that a big factor in this is that people are spending less on healthcare than expected under obamacare?

Thanks, Obama!


No. There is less money to circulate in the economy now because of Obamacare and that's part of the downward trend in GDP growth. All those people paying 40-50% more for their healthcare aren't spending as much in the economy on discretionary matters.

I'm a bit uncertain how to treat these numbers as we did have horrendous weather in Q1 that did contribute to poor economic considerations. Q2 will tell us plenty. I do wish the media would pick up on this though.

#22 thefuzz

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Posted 28 June 2014 - 09:48 AM

No. There is less money to circulate in the economy now because of Obamacare and that's part of the downward trend in GDP growth. All those people paying 40-50% more for their healthcare aren't spending as much in the economy on discretionary matters.

I'm a bit uncertain how to treat these numbers as we did have horrendous weather in Q1 that did contribute to poor economic considerations. Q2 will tell us plenty. I do wish the media would pick up on this though.

 

I don't buy your first paragraph, but I totally agree with the second one.



#23 stirs

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Posted 28 June 2014 - 09:56 AM

The media will pick up on it when it gets better



#24 cookinwithgas

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Posted 28 June 2014 - 11:48 AM

That's funny since I actually read about this in "the media"


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#25 pantherfan49

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Posted 28 June 2014 - 01:05 PM

So am I reading correctly that a big factor in this is that people are spending less on healthcare than expected under obamacare?

Thanks, Obama!



#26 Happy Panther

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Posted 28 June 2014 - 03:43 PM

No. There is less money to circulate in the economy now because of Obamacare and that's part of the downward trend in GDP growth. All those people paying 40-50% more for their healthcare aren't spending as much in the economy on discretionary matters.

I'm a bit uncertain how to treat these numbers as we did have horrendous weather in Q1 that did contribute to poor economic considerations. Q2 will tell us plenty. I do wish the media would pick up on this though.

The weather was pretty much the lead story on financial sites



#27 Happy Panther

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Posted 30 July 2014 - 07:36 AM

U.S. economy grows at a 4% annual rate in the second quarter, government says, a sharp turnaround from weak winter.

 

 

 

http://money.cnn.com/



#28 Jase

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Posted 30 July 2014 - 07:47 AM

 

So will this number be revised down by 3% too? lol



#29 stirs

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Posted 30 July 2014 - 07:50 AM

QE going away now?



#30 pstall

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Posted 30 July 2014 - 07:53 AM

No. Its the only band aid they know how to use and are scared to raise rates.

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