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Old 10-29-2009, 09:24 AM
 
Location: South FL
5,449 posts, read 6,719,358 times
Reputation: 3461

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WASHINGTON - The economy grew at a 3.5 percent pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes.

The Commerce Department's report Thursday delivered the strongest signal yet that the economy entered a new, though fragile, phase of recovery and that the worst recession since the 1930s has ended.

Many analysts expect the pace of the budding recovery to be plodding due to rising unemployment and continuing difficulties by both consumers and businesses to secure loans.

Economy grows at best pace in 2 years - Stocks & economy- msnbc.com
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Old 10-29-2009, 09:26 AM
 
13,692 posts, read 23,954,203 times
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Won't last.
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Old 10-29-2009, 09:45 AM
 
Location: western East Roman Empire
8,067 posts, read 11,868,249 times
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I believe the comparison is 3Q08 vs 3Q09, annualized. On this basis, the 3Q09, 4Q09, and 1Q10 comparisons will be very easy.

We really won't know to what extent, if any, the economy has emerged from recession probably until the 2008 vs 2009 full-year and the 2Q10 and 3Q10 comparisons.
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Old 10-29-2009, 09:51 AM
 
Location: Deep in the heart of Texas
1,917 posts, read 6,687,291 times
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We're still in the hole.
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Old 10-29-2009, 10:04 AM
 
Location: Sputnik Planitia
6,955 posts, read 9,734,643 times
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is that inflation adjusted growth? Absolute GDP growth means nothing. Many have made the argument that inflation is rising now.
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Old 10-29-2009, 02:32 PM
 
Location: Conejo Valley, CA
12,470 posts, read 18,226,419 times
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Inflation is no where to be found.

Obviously a good deal of the growth is due to the stimulus package, but a good .5~1% is likely from natural growth. The recession more than likely ended during the summer.
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Old 10-29-2009, 02:40 PM
 
975 posts, read 1,630,937 times
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Quite frankly one could make a strong argument that the majority of the growth from 2000-2007 was due to gov't stimulus if you consider artifically low rates and easy lending standards stimulus.

Just saying
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Old 10-29-2009, 07:02 PM
 
Location: Heartland Florida
9,324 posts, read 24,738,425 times
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Quote:
Originally Posted by user_id View Post
Inflation is no where to be found.

Obviously a good deal of the growth is due to the stimulus package, but a good .5~1% is likely from natural growth. The recession more than likely ended during the summer.
Look at the price of commodities like oil and at gold and silver. If that is not inflation I do not know what is. Even consumer prices on food have gone up. In the real world inflation is happening. Even if prices did not go up the fact that they are not going down in a depression is true inflation.
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Old 10-29-2009, 09:46 PM
 
9,840 posts, read 20,544,502 times
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Quote:
Originally Posted by user_id View Post
Inflation is no where to be found.

Obviously a good deal of the growth is due to the stimulus package, but a good .5~1% is likely from natural growth. The recession more than likely ended during the summer.
I'm finding it easily in my local supermarket and at the gas pump.
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Old 10-29-2009, 09:49 PM
 
9,840 posts, read 20,544,502 times
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All this is kind of like saying the stock market went up this year. Well great. But it went from 14000 to 6500 and is now back to 9900 so we have a ways to go.
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