Jump to content




Photo
- - - - -

US GDP falls -2.9%...absent recession


This topic has been archived. This means that you cannot reply to this topic.
32 replies to this topic

#13 dos poptarts

dos poptarts

    Member

  • Joined: 15-August 11
  • PipPipPipPipPipPip
  • posts: 1,142
  • Reputation: 611
HUDDLER

Posted 25 June 2014 - 09:29 AM

So this means that Yellen is going stop the taper and turn QE-4-evah back on!!! Time to reallocate the portfolio again.

 

I think we're going to need to add hookers and blow to the GDP numbers....gotta keep up with the British and Italians.

http://www.theguardi...my-gdp-eu-rules

 

http://www.telegraph...ostitution.html

 

 



#14 Davidson Deac II

Davidson Deac II

    Senior Member

  • Joined: 24-November 08
  • PipPipPipPipPipPipPipPipPip
  • posts: 18,195
  • Reputation: 1,568
HUDDLER

Posted 25 June 2014 - 09:34 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!

 

My question is why are people spending less?  Is it because it cost less, or because fewer people have health care coverage, because of all the changes to health care over the last few years (moves from ***'s to HRA's and HSA's for example),  are people healthier, etc...  Spending less is somewhat vague, but it could be a good thing. 



#15 ecu88

ecu88

    Big Macher

  • Joined: 09-January 11
  • PipPipPipPipPipPipPipPipPip
  • posts: 3,163
  • Reputation: 1,372
HUDDLER

Posted 25 June 2014 - 10:38 AM

Insert Ron Paul gif*

It's Happening!!!

QE is redundant. I will say this, liquidation is and still the best answer because now the problem is growing even bigger. Is the Fed trying to one up the 08 recession. Short term pain is now long term pain. Let's see if they revise a third time. The Fed needs to read Mises and some Hayek work.

Sent from my HTC6525LVW using CarolinaHuddle mobile app

#16 ecu88

ecu88

    Big Macher

  • Joined: 09-January 11
  • PipPipPipPipPipPipPipPipPip
  • posts: 3,163
  • Reputation: 1,372
HUDDLER

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.

Sent from my HTC6525LVW using CarolinaHuddle mobile app

#17 thatlookseasy

thatlookseasy

    Death to pennies

  • Joined: 16-August 11
  • PipPipPipPipPipPipPipPipPip
  • posts: 2,950
  • Reputation: 607
HUDDLER

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

pstall

    Gazebo Effect

  • Joined: 24-November 08
  • PipPipPipPipPipPipPipPipPip
  • posts: 23,934
  • Reputation: 3,143
HUDDLER

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

Sent from my SPH-L710 using CarolinaHuddle mobile app

#19 PandaPancake

PandaPancake

    #FireShula

  • Joined: 20-January 14
  • posts: 9,928
  • Reputation: 5,383
SUPPORTER

Posted 25 June 2014 - 11:09 PM

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

Sent from my XT1080 using CarolinaHuddle mobile app

#20 google larry davis

google larry davis

    fleet-footed poster

  • Joined: 06-August 12
  • PipPipPipPipPipPipPipPipPip
  • posts: 4,862
  • Reputation: 1,450
HUDDLER

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

pantherfan49

    Angry inventor

  • Joined: 02-December 08
  • posts: 5,645
  • Reputation: 192
SUPPORTER

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

thefuzz

    coppin a feel

  • Joined: 12-December 08
  • posts: 9,456
  • Reputation: 1,590
SUPPORTER

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

stirs

    I Reckon So

  • Joined: 01-December 08
  • PipPipPipPipPipPipPipPipPip
  • posts: 13,100
  • Reputation: 2,410
HUDDLER

Posted 28 June 2014 - 09:56 AM

The media will pick up on it when it gets better



#24 cookinwithgas

cookinwithgas

    Grey Poupon Elitest Trash

  • Joined: 25-November 08
  • posts: 24,928
  • Reputation: 2,618
SUPPORTER

Posted 28 June 2014 - 11:48 AM

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


Sent from my iPhone using CarolinaHuddle