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raptorsfan
Joined: 16 Jul 2009
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 Posted: Fri Jan 29, 2010 6:05 pm Post subject: It's over ladies and gentlemen, it's over! |
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It looks like America's out of the economic recession as its economy grew by almost 6% in the 4th quarter of 2009.
I knew Obama would come through!
Where are the naysayers now?
It's time to hop on the Obama bandwagon folks!
http://news.bbc.co.uk/2/hi/business/8487611.stm |
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morrisonhotel
Joined: 18 Jul 2009
Location: Gyeonggi-do
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| Posted: Fri Jan 29, 2010 6:06 pm Post subject: Re: It's over ladies and gentlemen, it's over! |
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| raptorsfan wrote: |
Where are the naysayers now? |
Still here and still going strong until he closes Guantanamo, and so forth. |
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raptorsfan
Joined: 16 Jul 2009
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| Posted: Fri Jan 29, 2010 6:21 pm Post subject: |
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| Still here and still going strong until he closes Guantanamo, and so forth. |
Well, I don't know about Guantanamo, and other issues, but economically, he has done a remarkable job turning around the American economy. |
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Radius
Joined: 20 Dec 2009
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| Posted: Fri Jan 29, 2010 9:36 pm Post subject: Re: It's over ladies and gentlemen, it's over! |
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| raptorsfan wrote: |
It looks like America's out of the economic recession as its economy grew by almost 6% in the 4th quarter of 2009.
I knew Obama would come through!
Where are the naysayers now?
It's time to hop on the Obama bandwagon folks!
http://news.bbc.co.uk/2/hi/business/8487611.stm |
LMAO. DOUBLE-DIP anyone? |
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mistermasan
Joined: 20 Sep 2007
Location: 10+ yrs on Dave's ESL cafe
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| Posted: Fri Jan 29, 2010 9:56 pm Post subject: |
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| yes...the first ever in the history of humanity...the jobless recovery! |
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SeoulMan99
Joined: 02 Aug 2009
Location: Seoul
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| Posted: Fri Jan 29, 2010 10:01 pm Post subject: Re: It's over ladies and gentlemen, it's over! |
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| raptorsfan wrote: |
It looks like America's out of the economic recession as its economy grew by almost 6% in the 4th quarter of 2009.
I knew Obama would come through!
Where are the naysayers now?
It's time to hop on the Obama bandwagon folks!
http://news.bbc.co.uk/2/hi/business/8487611.stm |
LOL..I think rather we should be thankful that the economy recovered despite Obama. Presidents are often unnecessarily blamed and given credit for the economy which is mostly out of their control. Well, except when they decide to take populist rhetoric against those evil bankers and it causes the stocks to drop 6% and the market takes a nice short-term hit. In that case, I guess they can control the market. |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Sat Jan 30, 2010 12:18 am Post subject: |
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Oooooo, several serious cases of Obama Derangement Syndrome.
I remember how gloomy everyone was last January. I don't remember anyone predicting that a year later the economy would post 5.7% growth. |
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ChopChaeJoe
Joined: 05 Mar 2006
Location: Seoul
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| Posted: Sat Jan 30, 2010 1:55 am Post subject: |
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| The rich get richer and the poor get children. Ten percent unemployment is the worst since Reagan. Some great economy. Downhill, with a couple bubbles, since 9/11. |
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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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| Posted: Sat Jan 30, 2010 2:10 am Post subject: |
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What he did is no different than a family maxing out their Visa Gold, Mastercard Platinum, and American Express cards to pay for several things they couldn't afford after dad lost his job.
Guess what. Dad still doesn't have a job. |
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4 months left
Joined: 07 Feb 2003
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| Posted: Sat Jan 30, 2010 3:37 am Post subject: |
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Only the 1st report...Q3 was first reported at 3.5%...then revised to 2.8% ... then the 3rd revision 2.2%. And if you believe gov't statistics then I got some swampland for sale for you.
Remember this is coming off an extremely low base so it's all relative. Deep downturns usually rebound with a 7-9% rate, so 5.7% is dissapointing... and most of this was inventory rebuild when companies mothballed most of their production.
If the U.S. were coming out of this, shouldn't gasoline consumption be rising?? It's not, it's down compared to last year when we were in the abyss. Are unemployment, layoffs and jobless claims improving??? They're not. |
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pkang0202
Joined: 09 Mar 2007
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| Posted: Sat Jan 30, 2010 8:24 am Post subject: |
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Umm...
4th Quarter is the holiday season. For many businesses, the 4th quarter is when the business actually makes a profit for the fiscal year.
I'll make it simple for you:
There's a man and his wife. Man owns a toy store. He tells his wife, "HONEY! We made $30,000 this 4th quarter! We barely sold anything from January to October. Sure enough, November to January we sold a TON! Go figure. I wonder why that is? who cares! Looks like we'll repeat the $30,000 in sales in Quarter 1-3. Lets go buy that lakehouse on the beach, a new car for you AND me, and put out a loan for a yacht! We're RICH!
Its kinda like that. But, in reality land, it doesn't work that way. You can NOT repeat 4th quarter performance in the 1st quarter. In fact, some businesses actually change their fiscal year so that the holiday season doesn't skew their 4 quarter numbers.
http://search.finance.yahoo.com/news/Economy-likely-grew-faster-in-apf-3028347842.html?x=0&.v=9
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The economy boomed at the end of 2009, growing at the fastest rate in more than six years. Now if only it could keep it up.
The economy expanded at an annual rate of 5.7 percent in the fourth quarter, the second straight quarter of growth. But analysts warn it's unsustainable.
Consumer spending, chilled by double-digit unemployment and scant wage gains, remains weak. And the benefits of government aid and higher company output to feed stockpiles will dwindle.
Many analysts predict gross domestic product will expand at a rate closer to 2.5 to 3 percent in the current quarter and 2.5 percent or less for the year. |
Why do you think Analysts don't project a strong 1st and 2nd quarter in 2010? Because Christmas only comes once a year. |
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