Friday, July 29, 2016

1.2%

U.S. Economy Grew Less-Than-Forecast 1.2% in Second Quarter
The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand.
Gross domestic product rose at a 1.2 percent annualized rate after a 0.8 percent advance the prior quarter, Commerce Department figures showed Friday in Washington. The median forecast of economists surveyed by Bloomberg called for a 2.5 percent second-quarter increase.
The report raises the risk to the outlook at a time Federal Reserve policy makers are looking for sustained improvement. While consumers were resilient last quarter, businesses were cautious -- cutting back on investment and aggressively reducing stockpiles amid weak global markets, heightened uncertainty and the lingering drag from a stronger dollar.

So this is a "little" bit of a problem for Hillary and the Democrats. While I don't know that they spent a bunch of time propping up the economy over the past four days, nothing quite matters like bad economic numbers.

Moreover, this works to cement to many Americans that their fear and trepidation is justified based on the tangible numbers. To some degree, this messes with the attempts from Democrats and the left to try to convince people that their negativity is wrong based on the numbers. Hard to use statistics to overwhelm feelings, when those statistics don't tell the story you want to sell.

14 comments:

Anonymous said...




UNEXPECTEDLY!!!

Anonymous said...

So this is a "little" bit of a problem for Hillary and the Democrats.
_____________________________________________________________________________________________________________________________________

not really. never forget that the democrat base is comprised almost entirely of parasites. economic growth, or the lack thereof means nothing to them. all they care about is that the welfare checks show up each month.

most democrats couldn't even spell "GDP" let alone define it.





Anonymous said...




US homeownership rate of 62.9 percent matches a 51-year low

WASHINGTON (AP) — The proportion of U.S. households that own homes has matched its lowest level in 51 years — evidence that rising property prices, high rents and stagnant pay have made it hard for many to buy.

Just 62.9 percent of households owned a home in the April-June quarter this year, a decrease from 63.4 percent 12 months ago, the Census Bureau said Thursday. The share of homeowners now equals the rate in 1965, when the census began tracking the data.

http://finance.yahoo.com/news/us-homeownership-rate-62-9-percent-matches-51-145524882--finance.html

KD, Stagflation is back from Jimmy Carter years said...

US homeownership rate of 62.9 percent matches a 51-year low" RRB


HB a guy that is so full of shit his eyes are brown, said this is the best housing market Eva'.

I guess when you are Stepin Fetchit, you don't know any better

Coldheartedtruth Teller said...

The Democrats have something that you are ignoring. When we compare this, although we wish is was better, compared to January through June of 2009. We were losing 800,000 jobs a month. We have now had the longest period of job gains in history, and about 15,000,000 more private sector jobs.

And the stock market, is setting records on a regular basis. So you are going to have a tough sell.

caliphate4vr said...

Yet 73% of the population say we are on the wrong track...

Loretta said...

"And the stock market, is setting records on a regular basis. So you are going to have a tough sell."

Poor people can't eat stocks.

KD, The Poor do not own Stock said...

"And the stock market, is setting records on a regular basis. So you are going to have a tough sell."


Actually not as hard as you think, just quote Granny.

We have tried time and again to educate the untrainable mind of those that know nothing of investing, saving and wealth creation.

Yet he tells how wonderful the Stock Market is, the poor don't invest.

Commonsense said...

There was as discussion about the stock market this morning on Fox Business.

Conventional wisdom said that a rising stock market favored the incumbent party.

When that bit of CW was coined a rising stock market also correlated closely with middle and working class prosperity.

With the rise of globalism however, that is no longer true. A rising stock market only correlates with investment class prosperity and not the working or middle class.

That's why people like Roger who hang on to this flawed CW are deeply wrong.

Fatally so is it turns out.

KD, HB on Public Assistance said...

That's why people like Roger who hang on to this flawed CW are deeply wrong.

Fatally so is it turns out. "

I hate to bring the following up, but:

The total bill was $162,000. I would have been bankrupt " HB

he said this about 3 months ago.

For the life of me after a live of work can he really be that poor?

Anonymous said...




go back to your drunk tank alky.




Anonymous said...

We have now had the longest period of job gains in history, and about 15,000,000 more private sector jobs.
______________________________________________________________________________________________________________________________________

ah, i see.

so THAT explains the lowest workforce participation rate since the early 70's and the U-6 unenjoyment rate of 9.8%.

factor in sub 3% GDP for 0linsky's ENTIRE TWO TERMS, and homeownership the lowest in 51 fucking years and i can see why we would want four more years of this fucking misery.

good one alky.

only a complete economic illiterate can spin the 0linsky economy as a positive.

Anonymous said...

July 17, 2016 9:03 a.m. ET


Americans have been disheartened for so long about the nation’s course that it is easy to miss a landmark in the new Wall Street Journal/NBC News poll: Nearly three-quarters of voters believe the nation has gone off on the wrong track, the highest mark of pessimism in three years.

Some 73% in the new survey say things have gone off-course, with only 18% saying the nation is headed in the right direction.

http://www.wsj.com/articles/u-s-seen-on-wrong-track-by-nearly-three-quarters-of-voters-1468760580



the money quote:

"Americans have been disheartened for so long about the nation’s course..."



Anonymous said...



"While this nation has been tested by war and recession and all manner of challenge — I stand before you again tonight, after almost two terms as your president, to tell you I am even more optimistic about the future of America," Obama said.

"How could I not be — after all we've achieved together?"

In the most recent NBC/Wall Street Journal poll, 73 percent of registered voters said the country is on the wrong track, while just 18 percent said it is headed in the right direction. The 73 percent figure is the second-highest in the president's nearly eight years in office.

The poll was no outlier. These are the wrong-track numbers for the last ten polls in the RealClearPolitics average of polls: 67, 70, 67, 71, 73, 69, 79, 68, 60 and 66.

And yet, in spite of clear evidence that a majority of Americans believe the U.S. is headed in the wrong direction, the president exhorted the nation, "Thank you for this incredible journey — let's keep it going."

http://www.washingtonexaminer.com/obama-paints-rosier-u.s.-than-voters-see/article/2598004


yeah skeets, let's keep it going. i mean, you haven't COMPLETELY destroyed the fucking country. hillary just might be able to deliver the final death blow.