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RE: Economy grows faster than expected. - 11/1/2010 1:42:25 PM

mnottertail

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taxes are way down the list of business worries, as is healthcare. it might escape your attention, but there are a few other businesses globally that are not american doing some rough time.

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RE: Economy grows faster than expected. - 11/1/2010 2:25:38 PM

DCWoody

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quote:

ORIGINAL: willbeurdaddy

If youre going to respond to something I wrote about the US and quote UK figures, blame yourself for the confusion.

No, YOU quoted UK figures, and said they were wrong (they're not).

quote:

And nothing I said was wrong ABOUT THE US.

"The numbers will be adjusted downward"<--I don't know, and neither do you.

"little growth"<--wrong

"due to consumer spending resulting from earlier than usual holiday sales."<--wrong

"Double dip is no less a danger than it was 4 months ago."<--wrong

Every single thing you've said in this thread is wrong with one exception....which probably will also turn out to be wrong in the fullness of time.

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RE: Economy grows faster than expected. - 11/1/2010 2:31:35 PM

willbeurdaddy

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quote:

ORIGINAL: DCWoody

quote:

ORIGINAL: willbeurdaddy

If youre going to respond to something I wrote about the US and quote UK figures, blame yourself for the confusion.

No, YOU quoted UK figures, and said they were wrong (they're not).

quote:

And nothing I said was wrong ABOUT THE US.

"The numbers will be adjusted downward"<--I don't know, and neither do you.

"little growth"<--wrong

"due to consumer spending resulting from earlier than usual holiday sales."<--wrong

"Double dip is no less a danger than it was 4 months ago."<--wrong

Every single thing you've said in this thread is wrong with one exception....which probably will also turn out to be wrong in the fullness of time.

No I didnt quote the UK figure, I quoted the US PCEI which was quite clear in my post. I will never argue a UK figure because I dont know and more importantly dont give a fuck. The UK is irrelevant to the US economy.

Yes, I do know the US figures will be adjusted downward.

.5% growth that will be adjusted downward is little growth by any definition except "any is better than none"

"earlier than usual holiday sales" is the primary reason IN THE US

Double dip had a 30% probability with a 95% confidence level 4 months ago, its actually increased to 31%.

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RE: Economy grows faster than expected. - 11/1/2010 3:16:31 PM

DCWoody

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Oh good, lying. When anyone can come along and read page 1 of this thread. I'm sure that'll help ya.

Do you even understand that these GDP figures are the 3rd quarter of 2010? In other words, July-Sept.....not now? I know you probably seem to remember the good old days, when stores didn' put up x-mas decs til the 12 days, and these years it just gets earlier and earlier......but not July. You can not* blame (and blame does appear to be the correct word for your tone) 3rd quarter figures on the holiday season.

Do you realise that it's been more than a year since the recession ended? That every honest economic analyst posits that...even if...for some strange reason, we were pushed into recession immediately....it would be another recession...that for any meaningful usage of the term double dip it wouldn't apply any more than any recession is a 2nd dip to the previous?

" I will never argue a UK figure because I dont know"
No shit.

"The UK is irrelevant to the US economy."
Hey, ya know what a chunk of the growth in both out economies has been? Exports.

*Or rather, you can, but it'll make you look fat.

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RE: Economy grows faster than expected. - 11/1/2010 3:19:29 PM

willbeurdaddy

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quote:

ORIGINAL: DCWoody

Oh good, lying. When anyone can come along and read page 1 of this thread. I'm sure that'll help ya.

Do you even understand that these GDP figures are the 3rd quarter of 2010? In other words, July-Sept.....not now? I know you probably seem to remember the good old days, when stores didn' put up x-mas decs til the 12 days, and these years it just gets earlier and earlier......but not July. You can not* blame (and blame does appear to be the correct word for your tone) 3rd quarter figures on the holiday season.

Do you realise that it's been more than a year since the recession ended? That every honest economic analyst posits that...even if...for some strange reason, we were pushed into recession immediately....it would be another recession...that for any meaningful usage of the term double dip it wouldn't apply any more than any recession is a 2nd dip to the previous?

" I will never argue a UK figure because I dont know"
No shit.

"The UK is irrelevant to the US economy."
Hey, ya know what a chunk of the growth in both out economies has been? Exports.

*Or rather, you can, but it'll make you look fat.

Not one thing you said here contradicts anything I said. (Though I agree "sales" has two meanings, you took the wrong one from my post).

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RE: Economy grows faster than expected. - 11/25/2010 9:17:23 AM

DCWoody

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US GDP growth for 3rd quarter was revised, UPWARDS. So you were, almost impressively, wrong on everything then wrong some more.

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Post #: 26