"Economy grows at 5.7 pct pace, fastest since 2003" "Economy grows for 2nd straight quarter at better-than-expected 5.7 pct rate, best since 2003" Woohoo! Oh, no, wait... "The economy's faster-than-expected growth at the end of last year, () is likely to weaken as consumers keep a lid on spending." "High unemployment and stagnant wage growth will likely keep consumers cautious about spending. "... [more]
"Economy grows at 5.7 pct pace, fastest since 2003"
"Economy grows for 2nd straight quarter at better-than-expected 5.7 pct rate, best since 2003"
Woohoo! Oh, no, wait...
"The economy's faster-than-expected growth at the end of last year, () is likely to weaken as consumers keep a lid on spending."
"High unemployment and stagnant wage growth will likely keep consumers cautious about spending. "
"The economic recovery could falter if consumers, who account for 70 percent of economic activity, lack the income to ramp up spending."
"The report provided an upbeat end to an otherwise dismal year: The nation's economy declined 2.4 percent in 2009, the largest drop since 1946. That's the first annual decline since 1991."
http://finance.yahoo.com/news/Economy-grows-at-57-pct-pace-apf-3028347842.html?x=0
So is this good news or bad? I'm so confused.
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Response by marco_m
over 16 years ago
Posts: 2481
Member since: Dec 2008
the problem is that nothing is organic right now
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Response by aboutready
over 16 years ago
Posts: 16354
Member since: Oct 2007
cramer says that it's getting harder to be negative. his timing is always so brilliant. maybe i'll forward this blog entry, and the one telling the president to shut up, to the daily show. i'm sure they're on it, but just in case.
I don't understand how you can expect information to be ONLY good or ONLY bad. You must realize that things are rarely black or white and when it comes to an economy emerging from a horrific recession things are going to be complicated to say the least. This isn't 3rd grade math.
"Economy grows at 5.7 pct pace, fastest since 2003"
Yep! And the stock market is down 53points today! Down 650 points over the last 10days.
Strange time we live in.....
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Response by somewhereelse
over 16 years ago
Posts: 7435
Member since: Oct 2009
> cramer says that it's getting harder to be negative.
Wasn't today the 7th of 8 dow down days? Including the largest one day drop in months...
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Response by pulaski
almost 16 years ago
Posts: 824
Member since: Mar 2009
Q2 2010
"U.S. Economy Grew 2.4% in Second Quarter, Below Forecast"
"Growth in the U.S. slowed to a 2.4 percent annual rate in the second quarter, less than forecast, reflecting a larger trade deficit and an easing in consumer spending. "
"A slower pace of growth means employers may be reluctant to hire workers and more likely to keep a lid on prices in order to boost sales. Federal Reserve Chairman Ben S. Bernanke last week said the central bank is prepared to take further policy actions if the world%u2019s largest economy %u201Cdoesn%u2019t continue to improve.%u201D "
"The economy lost 8.4 million jobs during the recession that began in December 2007, the biggest employment slump in the post-World War II era. So far this year, company payrolls grew by 593,000 workers, according to Labor Department figures earlier this month.
More than 7 out of 10 Americans say the economy is still mired in recession, and the country is conflicted over how to balance concerns over joblessness and the federal budget deficit ()"
the problem is that nothing is organic right now
cramer says that it's getting harder to be negative. his timing is always so brilliant. maybe i'll forward this blog entry, and the one telling the president to shut up, to the daily show. i'm sure they're on it, but just in case.
http://articles.moneycentral.msn.com/Investing/top-stocks/blog.aspx?post=1590121&_blg=1,1590121
I don't understand how you can expect information to be ONLY good or ONLY bad. You must realize that things are rarely black or white and when it comes to an economy emerging from a horrific recession things are going to be complicated to say the least. This isn't 3rd grade math.
this has a good chart to give some perspective.
http://www.calculatedriskblog.com/2010/01/real-gdp-declines-from-prior-peak.html
"Economy grows at 5.7 pct pace, fastest since 2003"
Yep! And the stock market is down 53points today! Down 650 points over the last 10days.
Strange time we live in.....
> cramer says that it's getting harder to be negative.
Wasn't today the 7th of 8 dow down days? Including the largest one day drop in months...
Q2 2010
"U.S. Economy Grew 2.4% in Second Quarter, Below Forecast"
"Growth in the U.S. slowed to a 2.4 percent annual rate in the second quarter, less than forecast, reflecting a larger trade deficit and an easing in consumer spending. "
"A slower pace of growth means employers may be reluctant to hire workers and more likely to keep a lid on prices in order to boost sales. Federal Reserve Chairman Ben S. Bernanke last week said the central bank is prepared to take further policy actions if the world%u2019s largest economy %u201Cdoesn%u2019t continue to improve.%u201D "
"The economy lost 8.4 million jobs during the recession that began in December 2007, the biggest employment slump in the post-World War II era. So far this year, company payrolls grew by 593,000 workers, according to Labor Department figures earlier this month.
More than 7 out of 10 Americans say the economy is still mired in recession, and the country is conflicted over how to balance concerns over joblessness and the federal budget deficit ()"
http://www.bloomberg.com/news/2010-07-30/economy-in-u-s-grew-less-than-forecast-as-trade-gap-widened.html