The Conservative Cave
Current Events => Economics => Topic started by: Wretched Excess on April 30, 2008, 07:50:35 AM
-
sorry. growth ain't a recession. and the medical imagery about the economy is, well,
amusing. "bruised" and "limping" . . . I could have sworn they were ramping up to "on
life support" you can almost feel the disappointed tone in the story that they weren't
able to trot that little phrase out of the metaphor corral.
Economy grows by only 0.6 percent in first quarter
Economy limps ahead at a 0.6 percent pace in first quarter
WASHINGTON (AP) -- The bruised economy limped through the first quarter of this year at a six-tenths of a percentage point growth rate as housing and credit problems forced people and businesses alike to hunker down.
The country's economic growth during January through March was the same as in the final three months of last year, the Commerce Department reported Wednesday. The statistic did not meet what economists consider the classic definition of a recession, which is a retraction of the economy. This means that although economy is stuck in a rut, it is still managing to keep growing -- however modestly.
Many analysts were predicting that the gross domestic product (GDP) would weaken a bit more -- to a pace of just 0.5 percent -- in the first quarter. Earlier this year, some economists thought the economy would actually lurch into reverse during the opening quarter. Now, they say they believe that will likely happen during the current April-to-June period.
Gross domestic product measures the value of all goods and services produced within the United States and is the best measure of the country's economic health. Voters are keenly worried about the country's economic problems and so are politicians -- in Congress, in the White House and on the campaign trail.
More (http://biz.yahoo.com/ap/080430/economy.html?.v=4)
-
sorry. growth ain't a recession. and the medical imagery about the economy is, well,
amusing. "bruised" and "limping" . . . I could have sworn they were ramping up to "on
life support" you can almost feel the disappointed tone in the story that they weren't
able to trot that little phrase out of the metaphor corral.
Economy grows by only 0.6 percent in first quarter
Economy limps ahead at a 0.6 percent pace in first quarter
WASHINGTON (AP) -- The bruised economy limped through the first quarter of this year at a six-tenths of a percentage point growth rate as housing and credit problems forced people and businesses alike to hunker down.
The country's economic growth during January through March was the same as in the final three months of last year, the Commerce Department reported Wednesday. The statistic did not meet what economists consider the classic definition of a recession, which is a retraction of the economy. This means that although economy is stuck in a rut, it is still managing to keep growing -- however modestly.
Many analysts were predicting that the gross domestic product (GDP) would weaken a bit more -- to a pace of just 0.5 percent -- in the first quarter. Earlier this year, some economists thought the economy would actually lurch into reverse during the opening quarter. Now, they say they believe that will likely happen during the current April-to-June period.
Gross domestic product measures the value of all goods and services produced within the United States and is the best measure of the country's economic health. Voters are keenly worried about the country's economic problems and so are politicians -- in Congress, in the White House and on the campaign trail.
More (http://biz.yahoo.com/ap/080430/economy.html?.v=4)
They can't stand any good economic news, it goes against the grain.If it grew it is heading in the correct direction and six tenths is a rather large change considering the size of the economy.The liberal press will have to really dig for something to sour the news_wires to make up for it .
***edit by WE for inadvertently misplaced text within quote tags.***
-
Like I've always said, if Bush walked on water tomorrow, The media's headline would read: Bush can't swim.
-
The bruised economy limped through the first quarter of this year at only 0.6% as housing and credit problems forced people and businesses alike to hunker down.
The country's economic growth during January through March was the same as in the final three months of last year, the Commerce Department reported Wednesday.
The statistic did not meet what economists consider the classic definition of a recession, which is a retraction of the economy. This means that although the economy is stuck in a rut, it is still managing to grow, even if modestly.
Many analysts were predicting that the gross domestic product (GDP: 33.04, -0.66, -1.95%) would weaken a bit more -- to a pace of just 0.5%-- in the first quarter. Earlier this year, some economists thought the economy would actually lurch into reverse during the opening quarter. Now, they say they believe that will likely happen during the current April-to-June period.
Gross domestic product measures the value of all goods and services produced within the United States and is the best measure of the country's economic health.
http://www.foxbusiness.com/story/markets/economy/economy-expands--quarter/
-
dupe
http://www.conservativecave.com/index.php?topic=6511.0
:thatsright: :-)
-
The bruised economy limped through the first quarter of this year at only 0.6% as housing and credit problems forced people and businesses alike to hunker down.
The country's economic growth during January through March was the same as in the final three months of last year, the Commerce Department reported Wednesday.
The statistic did not meet what economists consider the classic definition of a recession, which is a retraction of the economy. This means that although the economy is stuck in a rut, it is still managing to grow, even if modestly.
Many analysts were predicting that the gross domestic product (GDP: 33.04, -0.66, -1.95%) would weaken a bit more -- to a pace of just 0.5%-- in the first quarter. Earlier this year, some economists thought the economy would actually lurch into reverse during the opening quarter. Now, they say they believe that will likely happen during the current April-to-June period.
Gross domestic product measures the value of all goods and services produced within the United States and is the best measure of the country's economic health.
http://www.foxbusiness.com/story/markets/economy/economy-expands--quarter/
Soon, people will move in to buy the distressed real estate. One person's loss is another's gain.
-
Uh, I said this already, the recession is over. I forgot to mention why. It is based on the number of orders through trucking and shipping.
-
The bruised economy limped through the first quarter of this year at only 0.6% as housing and credit problems forced people and businesses alike to hunker down.
The country's economic growth during January through March was the same as in the final three months of last year, the Commerce Department reported Wednesday.
The statistic did not meet what economists consider the classic definition of a recession, which is a retraction of the economy. This means that although the economy is stuck in a rut, it is still managing to grow, even if modestly.
Many analysts were predicting that the gross domestic product (GDP: 33.04, -0.66, -1.95%) would weaken a bit more -- to a pace of just 0.5%-- in the first quarter. Earlier this year, some economists thought the economy would actually lurch into reverse during the opening quarter. Now, they say they believe that will likely happen during the current April-to-June period.
Gross domestic product measures the value of all goods and services produced within the United States and is the best measure of the country's economic health.
http://www.foxbusiness.com/story/markets/economy/economy-expands--quarter/
Soon, people will move in to buy the distressed real estate. One person's loss is another's gain.
in
Exactly. There are several homes around us that are now "marked down". One house sold for 502k in 2005 and it's now listed for 279k and has been on the market for weeks and weeks. I thought it was cute but we don't need to move. I just like looking and it's interesting to see how many homes are being marked down to a more realistic price. One guy paid 121k for a three bedroom condo ten years ago and he wanted 475k around Christmastime. He's dropped his price considerably too. A friend of mine sells real estate and she tells me that people are having to face the hard reality of pricing their home for what it's worth, not what they think it's worth or what they need to not be upside down.
-
Exactly. There are several homes around us that are now "marked down". One house sold for 502k in 2005 and it's now listed for 279k and has been on the market for weeks and weeks. I thought it was cute but we don't need to move. I just like looking and it's interesting to see how many homes are being marked down to a more realistic price. One guy paid 121k for a three bedroom condo ten years ago and he wanted 475k around Christmastime. He's dropped his price considerably too. A friend of mine sells real estate and she tells me that people are having to face the hard reality of pricing their home for what it's worth, not what they think it's worth or what they need to not be upside down.
I think another housing boom is going to happen once it is all over. It is a cycle. Housing goes boom to bust and boom again.
-
Like I've always said, if Bush walked on water tomorrow, The media's headline would read: Bush can't swim.
yep.. and its an election season which means, the MSM and the Dems will keep crying that the sky is falling, but only on the US.
believe me, were Obama or Hilary to actually win the GE, our economic outlook would turn around so fast it would knock the earth out of its orbit.. :-)
-
Uh, I said this already, the recession is over. I forgot to mention why. It is based on the number of orders through trucking and shipping.
well, that settles that.... thanks bird :-)