Featured The pie is falling! 1st Qtr statistical revisions show economy in freefall?

It's not lying. It was estimated and then revised. It happens every quarter. Funny how it seems the estimates are ALWAYS adjusted downward though...:laugh:

The weather in the first quarter was brutal and really put a damper on consumer spending.

The economy is primed for growth. There are numerous leading indicators like housing starts, housing sales, auto sales, consumer confidence, etc. that point to growth.

 

Mighty fine tasting Kool Aid, it is. S&P 500 is up 23% over past 12 months. It should hit 2,000 before the end of the year. I feel sorry for all the bears and gold bugs that have sat out the 5 year long bull market. Missed out on some real wealth building sitting on the sidelines carping about the lying government statistics and gloom and dooming it.

 

TND - it's a simple matter of "Field of Dreams" syndrome: "if we say it, it'll happen."

 

And when it does not materialize, the press release key word is "unexpected".

 

The Dow and S&P 500 reacts to current events and expected future events. The lousy first quarter is already baked into indexes weeks ago. Also, every time the quantitative easing is trimmed back--it's been cut in half in the past 5 months--the market goes up. You need to stop drinking the quantitative easing propping up the market Kool Aid.

Housing starts and new housing construction keeps going up as 30 year mortgage rates increase. Auto sales are increasing. This is not made up. This is because of consumer confidence which is also up. This is not a strong economy, but it's not about to crash, and it's not a fake recovery. It's just been so slooooowww...

 

Yep.........................

 

Some people should observe what happens and adjust their thinking to the facts rather than maintain their thinking and try to make the facts fit.

 

What are you nay-sayers going to post when the 2nd quarter GDP numbers are posted and it's above 3%? Then what are you going to post when they are revised upwards six weeks later to 3.3%?

Wait, let me guess--It's a lie.

 

Doesn't have enything to do with the weather.

 

Simple. Wall Street looks at the lousy results when they were first reported. They also have other information that leads them to believe it will be downgraded at a later date and they price that into the market. [Or, if you like, they know Obama is lying and it's worse than the numbers he released.] Then when the EXPECTED downgrade happens yesterday, they just look at each other, shrug their shoulders, and say "told ya so."

The enormous amounts going into the market would stagger you....Well, enlighten me--just how much is going into the markets? How much bond buying is the Fed doing relative to all bond buying? Please post the numbers.

No, they were at a 20 year low last fall. (I'm talking about 30 fixed rate, the most popular mortgage.)They went up, then down and hit a near low again in May. They've been inching up since. Doesn't seem to faze anybody.

 

We are going to say that in 1985 although the winter was just as cold the GDP grew 4% first quarter.

 

But, still ....

..... and I do mean to burst your bubble. Where I live in the land of fruit, nuts and flakes .... the economy is heralded as growing, but I know scores of people who are now on welfare because they could not find employment to support their families.

These are good Christian folks, families of faith, but they are unable to find employment, or if they are lucky to find a job, in or out of their career history, they are now underemployed, and some are too old to put together a string of full-time and part time jobs to make ends meet!

No, I do not see the economy getting better. It is all hype, and maybe even filled with propping up and intentional lies.

The government of this state is doing nothing to keep major jobs in the state, and every week we lose one more big empoyer, putting more people out of a job!

It is depressing! Maybe that's why they call it a "Depression?" :smilewinkgrin: I do not believe things are better.

Even being retired .... I'll have to say that every time the gas prices go up, so does the food and the utilities. I may get a measely raise in benefits yearly, but, it is eaten up by corporate greed and ever increasing inflation!

If things are truly better, it is only in the herts and minds of those spinning the messages coming out of DC!

 

They will either remain silent, say it is a lie, or criticize Obama that the growth was not larger. You know they will never say anything good about him .... and we know why most of them will not do so.

 

You can say that, but how do you know those numbers weren't a lie? Anyway, there are so many other dynamics at work comparing the economy in 1985 to 2014 based solely on the weather is silly. Also, some economists are predicting 4% growth for Q2.

 

Of course.................