US 3rd quarter GDP growth slightly faster then expected
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  US 3rd quarter GDP growth slightly faster then expected
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Tender Branson
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« on: November 07, 2013, 08:42:41 AM »

U.S. third-quarter GDP climbs 2.8%

Nov. 7, 2013, 8:31 a.m. EST

By Jeffry Bartash

WASHINGTON (MarketWatch) - The U.S. expanded by a 2.8% annual pace in the third quarter, the biggest increase in a year and a half, aided by a large buildup in business inventories and an improved trade picture, the government said Thursday. Economists polled by MarketWatch had forecast 2.3% growth.

http://www.marketwatch.com/story/us-third-quarter-gdp-climbs-28-2013-11-07
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King
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« Reply #1 on: November 07, 2013, 11:09:45 AM »

Yay
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Lief 🗽
Lief
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« Reply #2 on: November 07, 2013, 11:21:39 AM »

Thanks Obama.
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Person Man
Angry_Weasel
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« Reply #3 on: November 08, 2013, 01:35:40 PM »

and the blues and yellows are silent... Looks like we are finally entering a growth period in the business cycle. Hopefully, this is a 9 or 10 (where we will show signs of recession by the end of 2017 and not be in one until 2018) year business cycle like we had in the 80s and 90s and not a 6 or 7 (where the economy will go into recession just in time for 2016)  year business cycle. I'm banking that it will be the former. People are still very cautious and its still hard to get a loan even if you have 720 credit.
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Beet
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« Reply #4 on: November 08, 2013, 02:01:20 PM »

2.5% annual growth plus a 3.6% upward statistical revision should result in this year's GDP being about 6.2% larger than last year.
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memphis
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« Reply #5 on: November 08, 2013, 02:46:47 PM »

How's median income doing? Thats a much better indicator than overall growth. If it's all going to the Walton family, it doesn't mean much to me.
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Person Man
Angry_Weasel
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« Reply #6 on: November 08, 2013, 02:48:36 PM »

How's median income doing? Thats a much better indicator than overall growth. If it's all going to the Walton family, it doesn't mean much to me.
Alas...
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Tender Branson
Mark Warner 08
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« Reply #7 on: November 09, 2013, 02:30:10 AM »

2.5% annual growth plus a 3.6% upward statistical revision should result in this year's GDP being about 6.2% larger than last year.

Nope.

The US will grow by about 1.5-1.7% in 2013, down from 2.8% in 2012.

GDP growth compared with the previous year's quarters were:

Q1 2013 vs. Q1 2012: +1.3%
Q2 2013 vs. Q2 2012: +1.6%
Q3 2013 vs. Q3 2012: +1.6%

Table 7 & 8 below:

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http://www.bea.gov/newsreleases/national/gdp/2013/txt/gdp3q13_adv.txt

You forget that the US calculates it's quarterly GDP growth rate in the misleading "annualized" method, rather than the conventional method of "quarter on quarter" or "year on year" method that almost all other countries on the planet use, incl. the EU countries ... Wink

The US GDP didn't even grow by more than 6% in the favourable end-90s ... (look at table 7)
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