4 reports point to a growing economy

evince

evince

Truthmatters
http://www.courier-journal.com/article/20130625/BETTERLIFE02/306250102/1003/rsslink?nclick_check=1


WASHINGTON — The U.S. housing recovery is strengthening. Factories are fielding more orders. And Americans’ confidence in the economy has reached its highest point in 5½ years.

That brightening picture, captured in four reports Tuesday, suggests that the economy could accelerate in the second half of the year. It underscores the message last week from the Federal Reserve, which plans to slow its bond-buying program this year and end it next year if the economy continues to strengthen. The Fed’s bond purchases have helped keep long-term interest rates low
 
Yeah, but Q1 GDp was revised downwards this morning by an eye-popping 0.6% (from 2.4 to 1.8) which is really really unusual for a second revision. And 1.8% ain't good. At all.
 
yes the sequester idiot stuff did that to the first quater.


Looks like the right cant do much more to kill it now
 
blackascoal said:
The sequester idiot stuff was Obama's idea, not republicans.
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OK. And then Congress embraced it. The idea behind it being that the sequester was such a jaw-droppingly stupid thing to allow to happen that Congress would surely come up with something better. And then they didn't.

So . . . what's your point, BAC?
 
The R's have started to give up on trashing the economy, they are now onto trying to find a scandal they can make stick.
 
evince said:
yes the sequester idiot stuff did that to the first quater.


Looks like the right cant do much more to kill it now
Click to expand...

To my understanding the sequestration started March 1st. I'm going to surmise it lasts longer than one month so do you think it will have no effect (is that the correct word or is it affect, I can figure that out #randomquestion, sorry) on 2nd quarter gdp output?
 
Dungheap said:
OK. And then Congress embraced it. The idea behind it being that the sequester was such a jaw-droppingly stupid thing to allow to happen that Congress would surely come up with something better. And then they didn't.

So . . . what's your point, BAC?
Click to expand...

My point was responding to Desh's thought about "sequester idiot stuff" .. I correctly stated that it came from Obama.

What's your point?

If you think the sequester was a great idea .. perhaps you should be talking to Desh.
 
I hate to be the pessimist, but this just isn't a great economy right now. We've been in a holding pattern for a few years now, where there are "positive signs," but no one (especially on Wall Street) has any kind of confidence in it.

We're at a new stage w/ the debt; as long as it continues to grow by the trillions, it seems like it will hang like a dark cloud over whatever optimism people are able to muster. Hope I'm wrong on that.
 
The ops said growing, I watch it more than anyone. Nobody says great.
But it's improving better than most economist predicted.
 
The Dude said:
The ops said growing, I watch it more than anyone. Nobody says great.
But it's improving better than most economist predicted.
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What have economists predicted? We are four years into a recovery and growth the last quarter is at 1.8%. You are saying most predicted less than that?
 
cawacko said:
What have economists predicted? We are four years into a recovery and growth the last quarter is at 1.8%. You are saying most predicted less than that?
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No, I'm saying most predicted lower housing numbers specifically relative to this year.
Oh and energy production is higher.
 
cawacko said:
What have economists predicted? We are four years into a recovery and growth the last quarter is at 1.8%. You are saying most predicted less than that?
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For a fun exercise you should look at a chart of FED expectations and actual results over the past 4 years. Here it is for your convenience:

fed_projections_record1-800x635.png
 
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