Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 0.1 percent in the first quarter (that is, from the fourth quarter of 2013 to the first quarter of 2014), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.6 percent.
Quote:
The increase in real GDP in the first quarter primarily reflected a positive contribution from
personal consumption expenditures (PCE) that was partly offset by negative contributions from exports,
private inventory investment, nonresidential fixed investment, residential fixed investment, and state and
local government spending. Imports, which are a subtraction in the calculation of GDP, decreased.
Sadly, if Americans were required to take economics through out at least high school they might understand how much trouble our economy is in. Double dip recession anyone?
Status:
"everybody getting reported now.."
(set 24 days ago)
Location: Pine Grove,AL
29,557 posts, read 16,548,014 times
Reputation: 6041
Quote:
Originally Posted by toryturner
Sadly, if Americans were required to take economics through out at least high school they might understand how much trouble our economy is in. Double dip recession anyone?
If people did what you said, they would realize there is no such thing as a double dip recession. LOL.
sorry, you know i had to do it.
further more.
Quote:
Most of the weakness came from trade and inventories which subtracted 80 basis points and 60 basis points from overall GDP respectively. According to BEA, the slowing growth also reflected a downturn in nonresidential fixed investment growth, as well as lower state and local government spending.
We are blaming President Obama because States chose to spend less ?
I just read an article about GDP 1st quarter growth today.
"Spending on health care grew an astounding 9.9% in the Bureau of Economic Analysis' advance estimate of first-quarter GDP.
It's the biggest percent change in health-care spending since 1980, when health-care spending jumped 10% in the third quarter. Analysts said it's primarily due to a consumption boost from the implementation of the Affordable Care Act. Adjusted for inflation, America is spending more on health care than ever before.
Personal consumption grew by 3.0%, about half of which was due to the growth in health-care spending, said Ian Shepherdson, chief economist for Pantheon Macroeconomics.
"If health-care spending had been unchanged, the headline GDP growth number would have been -1.0%," Shepherdson said.
A BEA representative said the uptick "reflects additional spending associated with the implementation of the Affordable Care Act."
I dont think the economy is in the trouble, i think we have a changing economy. Residential investments are houses correct ?
people simply arent buying houses.
Yes, the economy has changed. And in my opinion its been changing for awhile and both political parties have made it worse. And why aren't people buying houses? Low wages, uncertainties in the job market, etc. Its as though people know something isn't quite right but they don't know why.
Yes, the economy has changed. And in my opinion its been changing for awhile and both political parties have made it worse. And why aren't people buying houses? Low wages, uncertainties in the job market, etc. Its as though people know something isn't quite right but they don't know why.
Sure they do. It is called Barack Obama and his "pen and a phone". People cannot plan for next year when Barry keeps unilaterally change laws this year. When the GOP takes over the Senate next year an impeachment threat will keep Barry in his bunker.
Good thing they changed the way they calculate the GDP otherwise we'd be in negative territory.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
My point is the economy is in trouble.
