Third quarter GDP inflated
Contributors to this thread:Community
From: orionsbrother
30-Oct-14
Oh, these numbers will be rolled back quietly in about five weeks.
You can bet on that Spike.
From: HA/KS
30-Oct-14
"In the third quarter, private GDP — consumer spending plus business investment — contributed 1.39 percentage points to GDP. By comparison, private GDP grew by 4% a year during the Reagan and Clinton expansions. "
"As a result we are lowering our early estimate for Q4 GDP growth from 3.0% to 2.5%."
From: HA/KS
31-Oct-14
HA/KS's Link
From the link:
For the first time in American history during a supposed economic expansion, real after tax income fell by -5.9%.
From: Mike in CT
31-Oct-14
This comes to mind everytime fauxDoc graces us with his "expertise"......
From: HA/KS
31-Oct-14
This one too.
From: orionsbrother
31-Oct-14
The US Economic engine will chug along when these idiots get out of the way.
Which part of real after tax income declining is confusing?
From: Mike in CT
31-Oct-14
