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Started By
Message
re: In 1 year, Trump accomplished what Obama couldn't in 8: 3.0%- EDIT cause I have the dumb
Posted on 9/28/17 at 11:27 am to EZE Tiger Fan
Posted on 9/28/17 at 11:27 am to EZE Tiger Fan
quote:A little less than half the revisions were revised upward and a little less than half were revised downward with the remaining estimates being spot on.
Will these numbers be "altered" in a week to be a lower number.....
Like we had for 8 years....
0
Posted on 9/28/17 at 11:27 am to Mr.Perfect
quote:
CNN: despite trumps roadblocks Obama recovery finally breaking through.
Wait, when did it become 'Obama's economy'?
Posted on 9/28/17 at 11:28 am to GumboPot
quote:Hate to rain on your victory lap but your thread refers to 3Q forecasts, OP to 2Q numbers
Looks like the Atlanta Feds last prediction was off.
This post was edited on 9/28/17 at 11:29 am
Posted on 9/28/17 at 11:29 am to Iosh
So much angst.
This is good news. Should be the end of the story.
This is good news. Should be the end of the story.
Posted on 9/28/17 at 11:30 am to Iosh
Did I argue against that in my post?
Posted on 9/28/17 at 11:31 am to GumboPot
quote:What? Here is the title of that thread.
Looks like the Atlanta Feds last prediction was off.
quote:And here is what the current thread is referring to:
Often-touted Atlanta Fed GDPNow projection has some bad news for 3Q
quote:See the difference?
Second Quarter
Posted on 9/28/17 at 11:31 am to cokebottleag
Love the edit. Props for owning it.
Posted on 9/28/17 at 11:31 am to OceanMan
quote:
Wouldn't hurricanes increase GDP in the long run? Increased government spending?
Broken window fallacy.
Posted on 9/28/17 at 11:32 am to Seldom Seen
quote:
That's because Obama was intentionally trying to do economic harm to Our Country.
This post was edited on 9/28/17 at 11:33 am
Posted on 9/28/17 at 11:32 am to cokebottleag
quote:
Cokebottle posted an article today and made an assertion that was factually incorrect, and he would have realized this if he'd done any actual checking.
But he didn't. Please see below for a rogue's gallery of people pointing this out and laughing at him, as he richly deserves.
I respect a person who is willing to admit when he/she is wrong. Too often we have a tendency to double-down.
Posted on 9/28/17 at 11:35 am to GumboPot
quote:
Broken window fallacy
Ignores govt spending, no?
Posted on 9/28/17 at 11:35 am to cokebottleag
Good job owning it
Posted on 9/28/17 at 11:36 am to GumboPot
quote:
Wouldn't hurricanes increase GDP in the long run? Increased government spending?
quote:I guess we'll actually have to wait for the 3rd quarter GDP to get a sense of the impact of Harvey and Irma. However, the economists seem to think it will have a small impact (relative to large absolute numbers) on the 3rd quarter gdp, but that will be made up in the following quarters. So probably about the same in the long run as it would have been without the Hurricanes.
Broken window fallacy.
Posted on 9/28/17 at 11:42 am to Iosh
quote:I was going to post my Amanda Peet jerking off gif, but I can’t find it. You’re better at the internet than I am. See if you can track it down if you get a chance.
Helps to have a funny GIF
Posted on 9/28/17 at 11:43 am to cokebottleag
quote:
Edit:
Cokebottle posted an article today and made an assertion that was factually incorrect, and he would have realized this if he'd done any actual checking.
But he didn't. Please see below for a rogue's gallery of people pointing this out and laughing at him, as he richly deserves.
Let's all take this as a life lesson.
May possibly be the best ownership of a mistaken thread ever. Posted on 9/28/17 at 11:45 am to buckeye_vol
quote:
I guess we'll actually have to wait for the 3rd quarter GDP to get a sense of the impact of Harvey and Irma. However, the economists seem to think it will have a small impact (relative to large absolute numbers) on the 3rd quarter gdp, but that will be made up in the following quarters. So probably about the same in the long run as it would have been without the Hurricanes.
My only point was the article in the OP suggested that the Hurricanes had a negative impact on GDP which was the same suggestion I made in the thread I linked.
Posted on 9/28/17 at 11:51 am to cokebottleag
BTW, it's 3.1% not 3.0%.
LINK
quote:
WASHINGTON (Reuters) - The U.S. economy expanded a bit faster than previously estimated in the second quarter, recording its quickest rate of growth in more than two years, but the momentum likely slowed in the third quarter due to the impact of Hurricanes Harvey and Irma.
Gross domestic product increased at a 3.1 percent annual rate in the April-June period, the Commerce Department said in its third estimate on Thursday. The upward revision from the 3.0 percent rate of growth reported last month reflected a rise in inventory investment.
“The destruction caused by Hurricanes Harvey and Irma and the resulting disruption ... are expected to be a drag on third-quarter growth,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors in Kalamazoo, Michigan. “Nonetheless, the economy remains on track.”
LINK
Posted on 9/28/17 at 12:01 pm to GumboPot
quote:Yes. And the discussion was based around why it dropped from 4.0% to 2.2% You said the 1.8% it was the a result Hurricanes, and I was disagreeing that it was SOLELY due to that.
My only point was the article in the OP suggested that the Hurricanes had a negative impact on GDP which was the same suggestion I made in the thread I linked.
Here is what I posted that you conveniently left out:
quote:
I'm not disagreeing. I even cited Goldman-Sach's estimate that it will have a 0.8% impact on GDP for Q3. That's a small percentage of the pot, but it's the hugest pot in history. It's still a major impact; it's just that our economy is so huge that the impact is not as significant as the absolute figures would suggest.
Posted on 9/28/17 at 12:02 pm to GumboPot
quote:
quote:
Wouldn't hurricanes increase GDP in the long run? Increased government spending?
Broken window fallacy.
Not only the broken Windows fallacy but spending =/= the "P" in GDP. Productivity =/= just spending money, a look at welfare shows that. Keep throwing money at welfare recipients they still are not becoming productive.
Posted on 9/28/17 at 12:02 pm to cokebottleag
Glad you owned it. That is rare on this board.
Downvote because you are dumb.
Downvote because you are dumb.
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