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re: GDP growth for 1Q expected to hit 5.4%

Posted on 2/1/18 at 12:59 pm to
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
42986 posts
Posted on 2/1/18 at 12:59 pm to
BOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM!


Posted by Iosh
Bureau of Interstellar Immigration
Member since Dec 2012
18941 posts
Posted on 2/1/18 at 12:59 pm to
Three fricking threads immediately for a projection that was wrong all of last year
Posted by Big_Slim
Mogadishu
Member since Apr 2016
3979 posts
Posted on 2/1/18 at 1:00 pm to
Meanwhile he's probably at half mast listening to NPR's fan fiction detailing Trump's impeachment
Posted by RCDfan1950
United States
Member since Feb 2007
38747 posts
Posted on 2/1/18 at 1:00 pm to
Rush..."We had to hire a Brinks truck to bring over the next payment". Pelosi will have a heart attack.
Posted by Y.A. Tittle
Member since Sep 2003
109730 posts
Posted on 2/1/18 at 1:00 pm to
quote:

Iosh



Pissed off to all getout over great economic news.
Posted by Gaspergou202
Metairie, LA
Member since Jun 2016
14273 posts
Posted on 2/1/18 at 1:01 pm to
quote:

They’re sitting around listening to rush. Think about that.

It’s called being productive at lunch.

If left alone MSM would have sat on for months.
Posted by Covingtontiger77
Member since Dec 2015
11708 posts
Posted on 2/1/18 at 1:02 pm to
5.4 % growth!!!




Posted by bamarep
Member since Nov 2013
52362 posts
Posted on 2/1/18 at 1:02 pm to
I don't listen to Rush.


I do like Savage though.
Posted by LSURussian
Member since Feb 2005
133642 posts
Posted on 2/1/18 at 1:02 pm to
quote:

GDP growth for 1Q expected to hit 5.4%


"You're welcome, America!"



Posted by CptBengal
BR Baby
Member since Dec 2007
71661 posts
Posted on 2/1/18 at 1:03 pm to
Paging 90proof
Posted by LSURussian
Member since Feb 2005
133642 posts
Posted on 2/1/18 at 1:07 pm to
quote:

They’re sitting around listening to rush. Think about that.
You're sitting around posting on a message board.....
Posted by roadGator
Member since Feb 2009
154713 posts
Posted on 2/1/18 at 1:12 pm to
Damn, I thought 90 proof would be first to bitch.
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
23866 posts
Posted on 2/1/18 at 1:13 pm to
I hate to say this, but if that is the number it concerns me. That's too hot too quick.

The fed will jump all over it by jacking rates.
Posted by LSU0358
Member since Jan 2005
8091 posts
Posted on 2/1/18 at 1:20 pm to
quote:

The fed will jump all over it by jacking rates.


Looking at yesterdays FOMC statement, inflation is still running below 2%. Don't look for the Fed to stray from gradual rate increases until inflation hits the 2% level.

LINK
Posted by buckeye_vol
Member since Jul 2014
35373 posts
Posted on 2/1/18 at 2:10 pm to
quote:

Pissed off to all getout over great economic news.
5.4% would be great, but the early estimates of the GDPNow have significantly over-predicted the growth compared to the average. The ATL Fed even studied the accuracy v. the consensus, and attempted to identify the most accurate model using both. They found that the weighting of the consensus should be much higher than the GDPNow at first then gradual the GDPNow becomes a better predictor.

Below is a chart of the early GDPNow Predictions v. the official GDP figures (Q4 data still has two revisions yet to come).



So if their early predictions had held true, then we would have had 3.3% growth compared to 2016 instead of 2.3%.

I find it interesting that given GDPNow's overly optimistic forecasts that are posted every quarter, these threads get a lot of discussion. But when the BEA released the initial estimates for Q4 and 2017 GDP last week, which was lower than expected, that hardly got any discussion, despite being official figures.
Posted by Walkthedawg
Dawg Pound
Member since Oct 2012
11466 posts
Posted on 2/1/18 at 2:47 pm to
and the White House came to be know as the Trump House:







Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 2/1/18 at 3:02 pm to
quote:

Paging 90proof

in

now that you've paged me, you can go ahead and explain why you lied about me here.

quote:

he was one of the ones CONVINCED if Trump won the economy would crash....



so sad that you feel the need to make stuff up like that
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 2/1/18 at 3:23 pm to
bengal? paging bengal

don't tell me you're going to pussy out after specifically paging me
Posted by CptBengal
BR Baby
Member since Dec 2007
71661 posts
Posted on 2/1/18 at 3:25 pm to
look how angry you are.

I know you wanted it to crash. You were always so giddy to post 1% projections.

Now they're high and you're nowhere to be found.

it's pathetic. everyone sees it. Own it. Why run and lie?
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 2/1/18 at 3:30 pm to
quote:

ook how angry you are.

I know you wanted it to crash.

lol at this weak shite. who's angry? i told you what i want- to know why you lied about me.
quote:

Now they're high

A projection is high. Which I agree is still good news.
quote:

and you're nowhere to be found.

And I was found pretty easily.
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