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HOT OFF THE PRESSES - Economy Grows at 7.2 Percent Rate in Third Quarter

The really good thing is that the increase in durables came at the same time as a 27% drop in the defense component of that index. Desipite this drop in defense spending, the private sector more than compensated to give a strong overall increase in spending.
 
Originally posted by: rjain
The really good thing is that the increase in durables came at the same time as a 27% drop in the defense component of that index. Desipite this drop in defense spending, the private sector more than compensated to give a strong overall increase in spending.
Click to expand...

Yes, that is a VERY important figure to look at.🙂

CkG
 
In other news, Bush is thought to be blamed for solar flares. Evidently him and his croney, god, figured out a way to profit from it.
 
This does bring a big relief, I have been struggling with the decision to buy a new car but I have been worried about the economy. I have much less to worry about now
 
Originally posted by: dmcowen674
Originally posted by: charrison
More signs of a depression right?
Click to expand...

What jobs?
Point the new jobs created out. Can you?
Click to expand...

Get over it. We are shedding low tech, low skill jobs that really have no place in our modern economy.
 
Originally posted by: tnitsuj
Originally posted by: dmcowen674
Originally posted by: charrison
More signs of a depression right?
Click to expand...

What jobs?
Point the new jobs created out. Can you?
Click to expand...

Get over it. We are shedding low tech, low skill jobs that really have no place in our modern economy.
Click to expand...

Wow, Engineer and Accountant jobs of 100K a year is low tech and low paying, didn't know that.

 
It doesn't break my heart when low skilled jobs that have been passed down through families (discouraging people from improving themselves) dissapear by the thousands.

Tough. Welcome to the Information Age. If you want to work in a factory making jeans move to Thailand.
 
Originally posted by: CADkindaGUY
Economy Grows at 7.2 Percent Rate in Third Quarter:Q:Q😀

More good news hot off the presses. Oh and jobless claims fell again too😉

Dave - this snip of the article is just for your😉

<snip>
...the nation's payrolls grew by 57,000 in September...
</snip>

Another good news Thursday in the bag😀

CkG
Click to expand...

OK, here is other sinippets from the same article:

The report was certain to be heralded by the Bush administration, which has been happy to trumpet the impact its recent tax cuts have had in spurring a sluggish recovery.

Most economists expect growth to cool but come in around a solid 4 percent in the final quarter of the year and through 2004. But some have expressed lingering concerns that growth could falter as the tax-cut impact fades, particularly if jobs growth -- which has been sorely lacking -- does not pick up soon.

The report also offered a sign that inflation was starting to move up after a sharp slowdown earlier this year that fueled worry over the possibility of deflation.
---------------------------------------------------------------
What a Headline, only to show a glimmer of the real truth in the bottom of the article. I wrote earlier of what a joke that they were worried about de-flation, prices never go down, get real.


 
Originally posted by: dmcowen674
Originally posted by: CADkindaGUY
Economy Grows at 7.2 Percent Rate in Third Quarter:Q:Q😀

More good news hot off the presses. Oh and jobless claims fell again too😉

Dave - this snip of the article is just for your😉

<snip>
...the nation's payrolls grew by 57,000 in September...
</snip>

Another good news Thursday in the bag😀

CkG
Click to expand...

OK, here is other sinippets from the same article:

The report was certain to be heralded by the Bush administration, which has been happy to trumpet the impact its recent tax cuts have had in spurring a sluggish recovery.

Most economists expect growth to cool but come in around a solid 4 percent in the final quarter of the year and through 2004. But some have expressed lingering concerns that growth could falter as the tax-cut impact fades, particularly if jobs growth -- which has been sorely lacking -- does not pick up soon.

The report also offered a sign that inflation was starting to move up after a sharp slowdown earlier this year that fueled worry over the possibility of deflation.
---------------------------------------------------------------
What a Headline, only to show a glimmer of the real truth in the bottom of the article. I wrote earlier of what a joke that they were worried about de-flation, prices never go down, get real.
Click to expand...


So you are complaining becuase no one can predict the future?

BTW, inflation always starts to creep up during periods of growth.

 
Originally posted by: tnitsuj
It doesn't break my heart when low skilled jobs that have been passed down through families (discouraging people from improving themselves) dissapear by the thousands.

Tough. Welcome to the Information Age. If you want to work in a factory making jeans move to Thailand.
Click to expand...

And if you want to Work In IT or hot technology, Move to India or Singapore.
 
Originally posted by: dmcowen674
Originally posted by: CADkindaGUY
Economy Grows at 7.2 Percent Rate in Third Quarter:Q:Q😀

More good news hot off the presses. Oh and jobless claims fell again too😉

Dave - this snip of the article is just for your😉

<snip>
...the nation's payrolls grew by 57,000 in September...
</snip>

Another good news Thursday in the bag😀

CkG
Click to expand...

OK, here is other sinippets from the same article:

The report was certain to be heralded by the Bush administration, which has been happy to trumpet the impact its recent tax cuts have had in spurring a sluggish recovery.

Most economists expect growth to cool but come in around a solid 4 percent in the final quarter of the year and through 2004. But some have expressed lingering concerns that growth could falter as the tax-cut impact fades, particularly if jobs growth -- which has been sorely lacking -- does not pick up soon.

The report also offered a sign that inflation was starting to move up after a sharp slowdown earlier this year that fueled worry over the possibility of deflation.
---------------------------------------------------------------
What a Headline, only to show a glimmer of the real truth in the bottom of the article. I wrote earlier of what a joke that they were worried about de-flation, prices never go down, get real.
Click to expand...

Also from the "bottom of the article"😉
<snip>
Federal government spending, which grew at a 1.4 percent rate, was only a minor contributor to GDP in the third quarter. Spending on national defense was flat.
</snip>

So where are all the people that are saying the gov't spending is distorting the numbers now?😉 Sure the second quater was pushed up by defense spending and etc. Seems we truely are in recovery mode now and these numbers show it.🙂 It seems every index(except inventory reduction which was down slightly) is going in the right direction.
Oh and one more thing 4% growth would still be "good" for the 4th quater.😉

CkG
 
hehe - One more thing I found slightly amusing...I've read some headlines about this news and a few of them have been reporting that "Economy Grows at Fastest Pace Since 1984" Hmmm...I wonder if this'll mean that we'll continue to see similarities to '84. 😀

*cough* Landslide *cough*

😀

CkG
 
It is encouraging to see GDP growth without relying on military spending . . . although military spending will continue to be excessive.

Tough. Welcome to the Information Age. If you want to work in a factory making jeans move to Thailand.
Click to expand...
One of my CRTs, basketball, and last girlfriend before the wife came from Thailand . . . don't mess with Thailand.
 
Originally posted by: CADkindaGUY
hehe - One more thing I found slightly amusing...I've read some headlines about this news and a few of them have been reporting that "Economy Grows at Fastest Pace Since 1984" Hmmm...I wonder if this'll mean that we'll continue to see similarities to '84. 😀

*cough* Landslide *cough*

😀

CkG
Click to expand...

You mean like the previous landslide where Bush won 5 to 4? That's an 11% margin!
He certainly hasn't and won't win any election where the American public gets to vote/gets represented.

 
Originally posted by: glugglug
Originally posted by: CADkindaGUY
hehe - One more thing I found slightly amusing...I've read some headlines about this news and a few of them have been reporting that "Economy Grows at Fastest Pace Since 1984" Hmmm...I wonder if this'll mean that we'll continue to see similarities to '84. 😀

*cough* Landslide *cough*

😀

CkG
Click to expand...

You mean like the previous landslide where Bush won 5 to 4? That's an 11% margin!
He certainly hasn't and won't win any election where the American public gets to vote/gets represented.
Click to expand...

I dunno. His rating is around 60% and if the economy keep going up like this, the Dems will lose their main weapon to attack him, well the only other one besides Iraq, and most people (Dems/Rep alike) still support the US effort in Iraq. Maybe not a landslide, but unless Dean can mount something of a charge, Bush will have an easier time than his previous election.

 
Originally posted by: smashp
Originally posted by: tnitsuj
It doesn't break my heart when low skilled jobs that have been passed down through families (discouraging people from improving themselves) dissapear by the thousands.
Tough. Welcome to the Information Age. If you want to work in a factory making jeans move to Thailand.
Click to expand...
And if you want to Work In IT or hot technology, Move to India or Singapore.
Click to expand...
Looks like no one told New Yorkers about that rule. Oh well, we'll just keep our jobs and keep enjoying this great city. 🙂
 
Originally posted by: tnitsuj
It doesn't break my heart when low skilled jobs that have been passed down through families (discouraging people from improving themselves) dissapear by the thousands.

Tough. Welcome to the Information Age. If you want to work in a factory making jeans move to Thailand.
Click to expand...

All good and well but expect your wages to decrease dramatically when all of those former jean makers are now competing with you for a job.
 
Originally posted by: rudder
Originally posted by: tnitsuj
It doesn't break my heart when low skilled jobs that have been passed down through families (discouraging people from improving themselves) dissapear by the thousands.

Tough. Welcome to the Information Age. If you want to work in a factory making jeans move to Thailand.
Click to expand...

All good and well but expect your wages to decrease dramatically when all of those former jean makers are now competing with you for a job.
Click to expand...

Most of those former jeans workers are too stupid to do anything but drink beer and or 20/20, shop at Walmart, and watch NASCAR.
 
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