US Economic growth just 0.6% in last quarter of 2007

[afleitch]

Just 'breaking'. It's filtered through to the stock markets.

[Person Man]

What do you mean "filtered through the stock market"? Adjusted to inflation, those are reccesionary numbers.

[Swing low, sweet chariot. Comin' for to carry me home.]

What do you mean "filtered through the stock market"? Adjusted to inflation, those are reccesionary numbers.

GDP is already adjusted for inflation.  not to be rude, but if you don't know that, then you really shouldn't be giving economic commentary.

[Person Man]

What do you mean "filtered through the stock market"? Adjusted to inflation, those are reccesionary numbers.

GDP is already adjusted for inflation.  not to be rude, but if you don't know that, then you really shouldn't be giving economic commentary.

I have taken my classes in economics and did well, thank you.

[Swing low, sweet chariot. Comin' for to carry me home.]

What do you mean "filtered through the stock market"? Adjusted to inflation, those are reccesionary numbers.

GDP is already adjusted for inflation.  not to be rude, but if you don't know that, then you really shouldn't be giving economic commentary.

I have taken my classes in economics and did well, thank you.

then they should fire your teacher

[Person Man]

What do you mean "filtered through the stock market"? Adjusted to inflation, those are reccesionary numbers.

GDP is already adjusted for inflation.  not to be rude, but if you don't know that, then you really shouldn't be giving economic commentary.

I have taken my classes in economics and did well, thank you.

then they should fire your teacher

Alright, I made an error.  Can we please discuss the issues?

[Swing low, sweet chariot. Comin' for to carry me home.]

Alright, I made an error.  Can we please discuss the issues?

December wasn't a good month for US economic growth.

[Person Man]

Very good. I wasn't expecting this happen so quickly...how do you think it will pan out?

[Swing low, sweet chariot. Comin' for to carry me home.]

Very good. I wasn't expecting this happen so quickly...how do you think it will pan out?

the Fed needs to cut 50 basis points today, 25 wouldn't be enough to calm irrational fears and 75 may cause panic (the markets may think the Fed believes the economy is worse than the market thinks it is).

There have been some good economic report recently (factory orders had a huge jump), so the glass is half-empty, but we should know by the end of February if we're in recession.

[Tender Branson]

Don´t know really how they calculate the 0.6% "annualized growth rate" at the BEA. As far as I know, 4th quarter 2007 GDP increased by 2.5% compared with the 4th quarter of 2006. That´s according to Table 8 of today's release.

GDP growth for 2007 as a whole was 2.2%:

Q1 2007: 1.5%
Q2 2007: 1.9%
Q3 2007: 2.8%
Q4 2007: 2.5%

[Swing low, sweet chariot. Comin' for to carry me home.]

Don´t know really how they calculate the 0.6% "annualized growth rate" at the BEA. As far as I know, 4th quarter 2007 GDP increased by 2.5% compared with the 4th quarter of 2006. That´s according to Table 8 of today's release.

GDP growth for 2007 as a whole was 2.2%:

Q1 2007: 1.5%
Q2 2007: 1.9%
Q3 2007: 2.8%
Q4 2007: 2.5%

you pulled the wrong row, but I couldn't tell where you pulled them from.  The GDP numbers from the table are:

Q1 2007: 0.6%
Q2 2007: 3.8%
Q3 2007: 4.9%
Q4 2007: 0.6%

[Swing low, sweet chariot. Comin' for to carry me home.]

Don´t know really how they calculate the 0.6% "annualized growth rate" at the BEA. As far as I know, 4th quarter 2007 GDP increased by 2.5% compared with the 4th quarter of 2006. That´s according to Table 8 of today's release.

GDP growth for 2007 as a whole was 2.2%:

Q1 2007: 1.5%
Q2 2007: 1.9%
Q3 2007: 2.8%
Q4 2007: 2.5%

you pulled the wrong row, but I couldn't tell where you pulled them from.  The GDP numbers from the table are:

Q1 2007: 0.6%
Q2 2007: 3.8%
Q3 2007: 4.9%
Q4 2007: 0.6%

ok, I see now...your figures are from "Percent Change From Quarter One Year Ago", the 0.6% figure is from the "Percent Change From Preceding Period and are seasonally adjusted at annual rates"

[Ban my account ffs!]

What do you mean "filtered through the stock market"? Adjusted to inflation, those are reccesionary numbers.

GDP is already adjusted for inflation.  not to be rude, but if you don't know that, then you really shouldn't be giving economic commentary.

Maybe if you didn't act like such an arrogant prick the discussion here would be the better for it.  You have no idea how stupid that post made you look Jmfcst

[Swing low, sweet chariot. Comin' for to carry me home.]

What do you mean "filtered through the stock market"? Adjusted to inflation, those are reccesionary numbers.

GDP is already adjusted for inflation.  not to be rude, but if you don't know that, then you really shouldn't be giving economic commentary.

Maybe if you didn't act like such an arrogant prick the discussion here would be the better for it.  You have no idea how stupid that post made you look Jmfcst

yeah, I was too rough; but, hey, at least I didn't look as stupid as the guy who said this:

You must be logged in to read this quote.

you know, for all of you who don't think you're being taxed enough, there's nothing stopping you from making a donation towards the national debt.  I think there is even a line for it on your tax return.

[opebo]

yeah, I was too rough; but, hey, at least I didn't look as stupid as the guy who said this:

You must be logged in to read this quote.

you know, for all of you who don't think you're being taxed enough, there's nothing stopping you from making a donation towards the national debt.  I think there is even a line for it on your tax return.

Your comment is not relevant as your interlocutor has no money, jmfcst.   

Taxes are a privilege reduction imposed, just like the original income, by the state.  Most of us do not have the income of 250K or 400K, but we would like to see the State-imposed privilege of those who do reduced.  Your problem, jmfcst, is that you accept such nonsensical economic ideas, and have no understand what is income or from whence it derives.

[StateBoiler]

the Fed needs to cut 50 basis points today, 25 wouldn't be enough to calm irrational fears and 75 may cause panic (the markets may think the Fed believes the economy is worse than the market thinks it is).

This statement makes me laugh. They've cut 125 basis points in 10 days, that's not a sign that the Fed's in panic?

[Swing low, sweet chariot. Comin' for to carry me home.]

Most of us do not have the income of 250K or 400K

and out of the group, you're the least likely to ever reach that level of income, unless you win the lottery.  Lazy people, e.g. you, are the very last ones who should be giving economic advice.  So just shut up.

---

, but we would like to see the State-imposed privilege of those who do reduced. 

always after someone else's money

---

Your problem, jmfcst, is that you accept such nonsensical economic ideas, and have no understand what is income or from whence it derives.

my income derives from my work, and I would think there is a pretty direct correlation since when I don't show up to work, I don't get paid.

[Swing low, sweet chariot. Comin' for to carry me home.]

the Fed needs to cut 50 basis points today, 25 wouldn't be enough to calm irrational fears and 75 may cause panic (the markets may think the Fed believes the economy is worse than the market thinks it is).

This statement makes me laugh. They've cut 125 basis points in 10 days, that's not a sign that the Fed's in panic?

yeah, there were definitely behind the curve

[War on Want]

You must be logged in to read this quote.

and out of the group, you're the least likely to ever reach that level of income, unless you win the lottery.  Lazy people, e.g. you, are the very last ones who should be giving economic advice.  So just shut up.[/quote]
You shut up. You are being a effing hypocrite going around and using Christ's name all the time and then judging other people and calling them lazy and stupid. That is not the Christian thing to do. Either stop using Bible verses all the time, or stop judging other people. After all we are all sinners.

[Swing low, sweet chariot. Comin' for to carry me home.]

and out of the group, you're the least likely to ever reach that level of income, unless you win the lottery.  Lazy people, e.g. you, are the very last ones who should be giving economic advice.  So just shut up.

You shut up. You are being a effing hypocrite going around and using Christ's name all the time and then judging other people and calling them lazy and stupid. That is not the Christian thing to do. Either stop using Bible verses all the time, or stop judging other people. After all we are all sinners.

opebo admits that he is lazy, is it judgmental to agree wtih him?  LOL.  if you want to end up just like him, then follow his advice.  but unless he changes, he'll be exactly where he is 10 years from now.

a lot of you on this board act like opebo is to be worshipped, when, in fact, he is the one to be most pittied.  he is a user and an abuser of people.

if truth hurts, so be it.  maybe the pain will prompt action.

[bullmoose88]

Very good. I wasn't expecting this happen so quickly...how do you think it will pan out?

the Fed needs to cut 50 basis points today, 25 wouldn't be enough to calm irrational fears and 75 may cause panic (the markets may think the Fed believes the economy is worse than the market thinks it is).

There have been some good economic report recently (factory orders had a huge jump), so the glass is half-empty, but we should know by the end of February if we're in recession.

I mean, low interest rates are a good thing for me, but shouldn't the fed's primary concern be to combat inflation rather than trying to boost the economy or combat high unemployment (the latter isn't a problem just yet)...

It seems the fed is unwisely trying to bail out a bad market and bad fiscal policy.

[War on Want]

and out of the group, you're the least likely to ever reach that level of income, unless you win the lottery.  Lazy people, e.g. you, are the very last ones who should be giving economic advice.  So just shut up.

You shut up. You are being a effing hypocrite going around and using Christ's name all the time and then judging other people and calling them lazy and stupid. That is not the Christian thing to do. Either stop using Bible verses all the time, or stop judging other people. After all we are all sinners.

opebo admits that he is lazy, is it judgmental to agree wtih him?  LOL.  if you want to end up just like him, then follow his advice.  but unless he changes, he'll be exactly where he is 10 years from now.

a lot of you on this board act like opebo is to be worshipped, when, in fact, he is the one to be most pittied.  he is a user and an abuser of people.

if truth hurts, so be it.  maybe the pain will prompt action.

I personally think that Opebo is a crazy wanker, but still don't insult other people, because they are "lazy". I am a little lazy but I still understand the Economy.

[Swing low, sweet chariot. Comin' for to carry me home.]

I personally think that Opebo is a crazy wanker, but still don't insult other people, because they are "lazy". I am a little lazy but I still understand the Economy.

he's more than a little lazy, but I’ll step off

[Swing low, sweet chariot. Comin' for to carry me home.]

I usually disagree with you, but you're 100% right about opebo, who seems like a vulgar fellow who got high reading Das Kapital one day and turned the insights of that experience into a worldview.

yeah, but don't get me wrong, I like opebo and could probably be good friends with him

[Ban my account ffs!]

Opebo works as hard as he has to in order to live.  That is human nature.  A lot of hunter/gatherer societies spent a few hours a day getting their day's food and then they sat around for the rest of the time.  They had a lot of idle time.  Where do you think they came up with philosophical thought?  Music?  Games?  Good recipes?  (OMG.. WARNING)  Religion?

It wasn't the anus clenched shut work until you die and then work some more Puritan mindset that has been ingrained into the American psyche, that's for sure!

Unfortunately, our system is fatally flawed, in that we deny the opportunities to people who could best make use of them.  The genius math lover from the projects will likely never get ahead because he will be forced to sit in math class with everybody else and he'll get frustrated and bored and will seek drugs to escape and then be written off as a no good druggie.

Or the person who is an amazing artist, but doesn't have the knowledge or the resources to get their works out to the public, so he settles for carpentry and spends his life busting his back when his real love is for art.  He loves to paint, but alas, the mortgage must be paid.  And rather than doing what he loves, he has to do what is available to get by.

In our society it is not "you can be whatever you want to be", unless you're rich and have the resources and idle time to seek an education in such a field and then have the connections to get into that field.  Instead, you do what the market needs at the wage the market pays.