IrezumiKiss
Literotica Guru
- Joined
- Feb 11, 2007
- Posts
- 72,706
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GDP growth now at 5% per annum pace! Obama is to blame!
Over what interval of time? What is it ytd? What is it now on a rolling 365 day average? What was it 6 years after the Carter Recession?
I can run at a 4 minute mile pace for twenty yards.
Over what interval of time? What is it ytd? What is it now on a rolling 365 day average? What was it 6 years after the Carter Recession?
I can run at a 4 minute mile pace for twenty yards.
Hmmm. I don't recall you asking these questions when it was 2%.
Good for you. You can also vomit words at a rate of ten thousand a minute. You want a cookie?
The U.S. Commerce Department on Tuesday revised third-quarter GDP growth to 5 percent, the fastest pace in 11 years and up from the previous estimate of 3.9 percent. Analysts had expected a revision to 4.3 percent growth.
Or in a few hundred fewer words.
Over what interval of time? What is it ytd? What is it now on a rolling 365 day average? What was it 6 years after the Carter Recession?
I can run at a 4 minute mile pace for twenty yards.
You do realize that an annualized growth rate for one quarter is not the annual rate of growth or did that get by you?
Is this a new game for you where you pout about my brevity or lack of past expansive explanation, then whine when I take the words required to explain something that you are asking about?
You do realize that an annualized growth rate for one quarter is not the annual rate of growth or did that get by you?
Is this a new game for you where you pout about my brevity or lack of past expansive explanation, then whine when I take the words required to explain something that you are asking about?
So I cant find the raw number on GDP as of 1 jan 14 vs end of quarter.
Last quarter that Rob crowed about was a nice healthy 4.6 % which means it actually grew 1.15% over that quarter only. Bear in mind the previous quarter was a net loss of 2.1% which is more than .5 in real terms for that quarter only. So the number rob crowed about of 4.6% was actually .65% for two quarters or 1.3% for the year average.
Buried in these great (unrevised optimistic numbers) are the revisions for last quarter showing not 4.6% but 3.9% taking our earlier math to 1% for two quarters or 2% annualized growth rate.
If the 5% rate is not revised downwards that brings the year to date growth to 3.25% If we have two quarters of a full 5% growth rate 2014 will end at 4.5%.
So no.
The rate is not 5%.
To hit five percent we would need another 1.75% growth for the fourth quarter or an annualized number of 6% for the 4th quarter which is unlikely.
If I had to hazard a guess for a rolling YTD average it is around 3%.
The end of year figure will be higher than that, but will be revised down and quietly be unreported at around 3-3.5%.
Keep in mind low oil prices will increase profits and make things affordable for consumers but taxes collected will be down, profits in that sector down and GDP contributions for that sector down.
Low oil is a boon to the economy but it will be two quarters before that is felt.
So yes. Thanks, Obama...indeed.
Note I used the phrase pace of growth per annum earlier. And I wasn't asking or needing you to explain anything.
So why are you still crowing about a 5% per annum growth rate when I just demonstrated it is 3% for this year?
Public sentiment was already against the "peaceful" protesters a week ago when they stood idly by or participated in calls for cop killing. Those of us that said the violence was coming were ignored, and no one of prominence stepped forward to utter one syllable on the subject.
The "protesters" and those that incited them own the Fergusan riots and these deaths.
Just because you choose to duck responsibility for what was wrought in your movement doesn't mean the cops won't remember your words or your inaction to quell the rhetoric exactly that way.
SeanR had me convinced for a time that the rhetoric was a relief valve. Obviously, not so.
Keep making memes and writing Salon articles and telling yourselves you are not culpable. No cop is listening to a word of your bullshit.
It seems the RWCJ fails at that spelling every time.