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<blockquote data-quote="texan" data-source="post: 1086890" data-attributes="member: 38206"><p><strong>I have not gone away, just waited to see. 4Th Q 2012, Christmas hiring, jobs, US Economy.....</strong></p><p><strong></strong></p><p><strong>BOD Benefit of the doubt. New admin and Pres, new vision right?............</strong></p><p><strong></strong></p><p><strong>GDP Shows Surprise Drop for U.S. in Fourth Quarter</strong></p><p><strong></strong></p><p><strong>AP January 30, 2013 <strong>The U.S. economy posted a <span style="color: #800000"><u>"stunning</u></span>" drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal</strong></strong></p><p><strong><strong>Reserve stimulus.</strong></strong></p><p><strong><strong></strong></strong></p><p><strong><strong><span style="color: #800000">Er, there isn’t much more the Federal Reserve can do, since it is already shoveling $85 billion</span></strong></strong></p><p><strong><strong><span style="color: #800000">dollars <em>a month</em> into the financial markets. (Hence the artificial rise in the stock market.)</span></strong></strong></p><p><strong><span style="color: #800000"></span></strong></p><p><strong><span style="color: #800000">Anyway, for comparison, China’s current GDP is 7.9%. And Cuba’s was 2.1% in the first half of</span></strong></p><p><strong><span style="color: #800000">2012, which are the latest figures we have.</span></strong></p><p><strong><span style="color: #800000"></span></strong></p><p><strong><span style="color: #800000"></span><strong>The economy shrank from October through December for the first time since the recession ended, hurt by</strong></strong></p><p><strong><strong>the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles.</strong></strong></p><p><strong><strong></strong></strong></p><p><strong><strong><strong>The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent</strong></strong></strong></p><p><strong><strong><strong>in the fourth quarter.</strong></strong></strong></p><p><strong><strong><strong></strong></strong></strong></p><p><strong><strong><strong><span style="color: #800000">Huh? I thought all the spending in Dec and the Election results would bolster all of this.</span></strong></strong></strong></p><p><strong><strong><strong><span style="color: #800000"></span></strong></strong></strong></p><p><strong><strong><strong><span style="color: #800000">And given that the inflation rate is at least 2% (and probably higher) we are already in a real recession, for</span></strong></strong></strong></p><p><strong><strong><strong><span style="color: #800000">all intents and purposes. We certainly would be in an official recession if there was a Republican</span></strong></strong></strong></p><p><strong><strong><strong><span style="color: #800000">in the White House.</span></strong></strong></strong></p><p><strong><strong><strong><span style="color: #800000"><img src="http://i1154.photobucket.com/albums/p525/yoseft/i-CMXrDkR-S.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></span></strong></strong></strong></p><p><strong><strong><strong><span style="color: #800000"><a href="http://www.cnbc.com/id/100419252" target="_blank">GDP Shows Surprise Drop for US in Fourth Quarter</a></span></strong></strong><span style="color: #800000"></span></strong></p><p><strong><span style="color: #800000"></span></strong></p><p><strong><span style="color: #800000"></span></strong></p><p><strong></strong></p><p><strong></strong></p></blockquote><p></p>
[QUOTE="texan, post: 1086890, member: 38206"] [B]I have not gone away, just waited to see. 4Th Q 2012, Christmas hiring, jobs, US Economy..... BOD Benefit of the doubt. New admin and Pres, new vision right?............ GDP Shows Surprise Drop for U.S. in Fourth Quarter AP January 30, 2013 [B]The U.S. economy posted a [COLOR=#800000][U]"stunning[/U][/COLOR]" drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus. [COLOR=#800000]Er, there isn’t much more the Federal Reserve can do, since it is already shoveling $85 billion dollars [I]a month[/I] into the financial markets. (Hence the artificial rise in the stock market.)[/COLOR][/B] [COLOR=#800000] Anyway, for comparison, China’s current GDP is 7.9%. And Cuba’s was 2.1% in the first half of 2012, which are the latest figures we have. [/COLOR][B]The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles. [B]The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. [COLOR=#800000]Huh? I thought all the spending in Dec and the Election results would bolster all of this. And given that the inflation rate is at least 2% (and probably higher) we are already in a real recession, for all intents and purposes. We certainly would be in an official recession if there was a Republican in the White House. [IMG]http://i1154.photobucket.com/albums/p525/yoseft/i-CMXrDkR-S.jpg[/IMG] [URL="http://www.cnbc.com/id/100419252"]GDP Shows Surprise Drop for US in Fourth Quarter[/URL][/COLOR][/B][/B][COLOR=#800000] [/COLOR] [/B] [/QUOTE]
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