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Old 12-22-2011, 09:17 AM
 
Location: Portland, OR
8,802 posts, read 8,902,028 times
Reputation: 4512

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1.8% growth now.

GDP report: Growth even weaker than feared - Yahoo! Finance (http://finance.yahoo.com/news/gdp-report-growth-even-weaker-135000882.html - broken link)
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Old 12-22-2011, 10:48 AM
 
Location: Michigan
5,376 posts, read 5,348,935 times
Reputation: 1633
Quote:
Originally Posted by VTHokieFan View Post
1.8% growth now.

GDP report: Growth even weaker than feared - Yahoo! Finance (http://finance.yahoo.com/news/gdp-report-growth-even-weaker-135000882.html - broken link)
from the article:

"The softer pace of consumer spending sets a less positive backdrop for growth in the fourth quarter"


Translated: If people ain't working, they ain't spending'. And if they ain't spending, companies don't need to produce more. And if companies don't need to produce more, they ain't hiring'
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Old 12-22-2011, 12:03 PM
 
Location: OH->FL->NJ
17,005 posts, read 12,600,110 times
Reputation: 8930
And Tea partiers have a huge party to cheer it down hoping to remake the world according to their views.
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Old 12-22-2011, 12:18 PM
 
Location: Portland, OR
8,802 posts, read 8,902,028 times
Reputation: 4512
Quote:
Originally Posted by ottomobeale View Post
And Tea partiers have a huge party to cheer it down hoping to remake the world according to their views.
Please provide sufficient documentation to support your assertion that the Tea Party cheered this news. Thx.
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Old 12-22-2011, 12:24 PM
 
Location: Florida
76,971 posts, read 47,659,569 times
Reputation: 14806
Revised down by 0.2%. LOL And this is news because.......?
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Old 12-22-2011, 12:30 PM
 
Location: Portland, OR
8,802 posts, read 8,902,028 times
Reputation: 4512
Quote:
Originally Posted by Finn_Jarber View Post
Revised down by 0.2%. LOL And this is news because.......?
Because (1) It was originally at 2.5% growth (2) A 0.2% revision downward is a 10% downward revision.
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Old 12-22-2011, 12:32 PM
 
5,113 posts, read 5,974,717 times
Reputation: 1748
Quote:
Originally Posted by VTHokieFan View Post
1.8% growth now.

GDP report: Growth even weaker than feared - Yahoo! Finance (http://finance.yahoo.com/news/gdp-report-growth-even-weaker-135000882.html - broken link)
Same for home sales over the past 4 years

Lies ... Lies ... and more Lies
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