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Now, please show me this "everything you have seen" where it shows more than 3% for all of 2010.
Good. I didn't say you were wrong. All the growth numbers I've seen for 2010 ranged from 3.2% to 5.7% over various periods. My overall point remains true, that the economy was growing and expanding.
And nearly a FULL POINT over the last 3 months. That's pretty substantial.
Ken
Actually, as the BLS reported, the data since January cannot be compared to 2010 or previous years.
Call them and ask them about it, because I did last month and they told me this. When they revise their household survey figures, it plays hell on any statistics using percentages. This is especially true considering the revision was more than 500k.
business finally feeling more confident since we voted the Dems out of Congress...booted them out is more like it..TG
Is that Beck's latest line or something? I keep seeing it, but it doesn't hold up to scrutiny based on the growth of the economy occuring long before "we voted the Dems out of Congress" (they do still hold a majority in Senate, in case you missed that headline).
So, with 2 of the 3 in Democratic control, I'm not sure you've got a strong argument. Don't get me wrong - I'm glad Republicans have a foothold. I think the balance is best for our economy. I just don't think there's any truth to your claim.
I wouldn't pin my hopes on housing picking up anytime soon....
It could take awhile, but eventually it turn. When it turns, it will turn fast, and there will be a panic-like frenzy to buy houses, because the prices will improve and rates will go up at the same time. We are looking to pick up some investment properties n FL now when you can still buy a condo for 30 000 and rent it for 1000+. Can't lose.
Good. I didn't say you were wrong. All the growth numbers I've seen for 2010 ranged from 3.2% to 5.7% over various periods. My overall point remains true, that the economy was growing and expanding.
5.7?????????????? This I gotta see. Please show me where you saw this.
Housing is going to be the LAST THING to pick up. The economy is recoving from a recsssion. However, the housing market has been in a DEPRESSION, that is just barely showing some signs of recovering. It may be until 2013 or 2014 before a sustained recover takes place.
I think it will be longer than that,and people will be VERY wary about taking on more debt considering the wake up call on how fragile their lives really are.
But things WILL improve eventually,they always do.
We just might be all dead by the time things do....
Good. I didn't say you were wrong. All the growth numbers I've seen for 2010 ranged from 3.2% to 5.7% over various periods. My overall point remains true, that the economy was growing and expanding.
First of all, you probably are using early revisions. This is why I ask for your sources. GDP numbers are revised 3 times, including an annual revision where the previous 3 years are changed.
Second, the economy does not grow at 3.2% or 5.7% over the previous period, that is nonsensical. Those are annualized rates. This means if the economy grew at that pace for a year, the year would show 3.2% growth (as an example).
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