Comments on: Q3 GDP final rises to 3.1%

By: Scott Sumner’s counter-factual victory « J.uris D.ebtor

Scott Sumner’s counter-factual victory « J.uris D.ebtor — Sat, 04 May 2013 12:52:13 +0000

[...] And Hotair on the Q312 numbers: [...]

By: KOOLAID2

KOOLAID2 — Fri, 21 Dec 2012 03:52:12 +0000

.what’s a dollar worth?

By: Jack_Burton

Jack_Burton — Thu, 20 Dec 2012 21:53:07 +0000

Like pretty much everything with Obama, it looks good on the surface, but with a tiny bit of digging its not good. Unfortunately, the uneducated voter will just see it as strong growth, and obamas approval will continue to surge.

By: dogsoldier

dogsoldier — Thu, 20 Dec 2012 21:02:00 +0000

Q3 GDP is 3.1%? Yeah ok. THE BEA is full of sheep dip. Are they still using fake deflators?

ernesto on December 20, 2012 at 2:55 PM

Only one problem chump. The stat is a lie. If it was real, I'd be pleased, but it isn't real.

By: ernesto

ernesto — Thu, 20 Dec 2012 19:55:33 +0000

The world’s largest economy is growing by 3%. Amidst global economic turmoil, the US is in an enviable position among developed nations. So much for Obama ruthlessly destroying the United States.

By: ThePrimordialOrderedPair

ThePrimordialOrderedPair — Thu, 20 Dec 2012 19:26:37 +0000

Q3 GDP final rises to 3.1%

Still over 5% short of the amount we borrowed and spent. How can anyone call that “growth”??

By: Right

Right — Thu, 20 Dec 2012 19:11:53 +0000

And that’s why GOP wants to break the economy, again.

lester on December 20, 2012 at 11:03 AM

Exhibit B for the pressing need to focus on mental health.

By: socalcon

socalcon — Thu, 20 Dec 2012 17:07:03 +0000

And that’s why GOP wants to break the economy, again.

lester on December 20, 2012 at 11:03 AM

Lester, your ‘Favorites’ get hacked and changed from Huffpo?

By: socalcon

socalcon — Thu, 20 Dec 2012 17:05:11 +0000

Nothing Obooba would do would help, everything he’d do would/has hurt.

Akzed on December 20, 2012 at 9:47 AM

President Flap-Ears had nothing to do with this minor ‘modulation’. According to headlines from Bill Clinton in September (heh, Q3!): “No President Could Have ‘Magically’ Fixed It In One Term”

By: besser tot als rot

besser tot als rot — Thu, 20 Dec 2012 16:56:56 +0000

We should stop counting government deficit spending as part of GDP.

By: Gatsu

Gatsu — Thu, 20 Dec 2012 16:35:36 +0000

And that’s why GOP wants to break the economy, again.

lester on December 20, 2012 at 11:03 AM

Little hard to “break” something that was never fixed.

By: NJ Red

NJ Red — Thu, 20 Dec 2012 16:13:22 +0000

And that’s why GOP wants to break the economy, again.

lester on December 20, 2012 at 11:03 AM

WHAT THE…????

By: Philly

Philly — Thu, 20 Dec 2012 16:06:40 +0000

End of year budget burning for companies and govt. Holiday season spending. No shocker. Meh.

By: lester

lester — Thu, 20 Dec 2012 16:03:02 +0000

And that’s why GOP wants to break the economy, again.

By: jukin3

jukin3 — Thu, 20 Dec 2012 15:45:19 +0000

$85 billion a month of printing greenbacks by Teh Bernake should fix everything right up to a 10%+ growth rate (non/fake inflation adjusted).

By: Gatsu

Gatsu — Thu, 20 Dec 2012 15:44:34 +0000

I know of one type of store which has been doing record business lately.

How great would it be that the dems would need to highlight gun sales as “proof” of a strengthening economy.

Bishop on December 20, 2012 at 9:50 AM

Bah, they would just lie about where that sudden “uplift” came from.

Guns would suddenly become “other retail” or “durable goods” or “icky machines”…

By: Happy Nomad

Happy Nomad — Thu, 20 Dec 2012 15:32:00 +0000

How great would it be that the dems would need to highlight gun sales as “proof” of a strengthening economy.

Bishop on December 20, 2012 at 9:50 AM

You’re downright evil! ;0

By: Happy Nomad

Happy Nomad — Thu, 20 Dec 2012 15:30:10 +0000

Just wait until we go over the fiscal cliff and the US gets another downgrade, a recession, and higher taxes for all.

There is no reason to be overly joyous or optimistic this holiday season.

By: Robert_Paulson

Robert_Paulson — Thu, 20 Dec 2012 15:28:01 +0000

Don’t forget Bernanke’s QE4ever lifting housing prices

By: Gatsu

Gatsu — Thu, 20 Dec 2012 15:16:42 +0000

Doughboy on December 20, 2012 at 10:04 AM

As did I, it looks like they are trying to work the “scarcity” angle to boost sales early and then put the rest out at normal prices and hope people just bite the bullet and buy the item at full price.

Think of it like a strange combo of buyers remorse and impulse buy. A “I’ve been kicking myself for not getting it when I saw it, but here it is so buy it now!” mentality.

This will result in a large amount of unsold inventory and “after Christmas/new years/whatever” sales.

Then, at the end of the next quarter, you will see one major retailer go bankrupt, Sears/JCP/Dicks/someone.

Bet.

By: cmsinaz

cmsinaz — Thu, 20 Dec 2012 15:16:16 +0000

Spin spin spin
-lsm

By: KS Rex

KS Rex — Thu, 20 Dec 2012 15:10:16 +0000

Lib trolls: "Ed, You never gave caveats when there were good economic reports in the Boooooooooshhhh years!!!!11!"

By: tom daschle concerned

tom daschle concerned — Thu, 20 Dec 2012 15:10:09 +0000

Before long we’ll be hearing of farm yields and industrial output 300% higher per year, like the USSR circa 1950.

Bat Chain Puller on December 20, 2012 at 9:59 AM

it is here now. it is happening now. the media machine has allied itself with the DNC. they are “the party.”

By: Doughboy

Doughboy — Thu, 20 Dec 2012 15:04:57 +0000

This sounds like GM in 2005.

“Rebates and discounts are killing our sales and resale value! NO MORE DISCOUNTS!”

::sales decline drastically::

“10K OFF THE NEW MALIBU! BUY A SUBURBAN AND GET A FREE CRUZE!!!”

Gatsu on December 20, 2012 at 9:59 AM

I noticed some really good prices at department stores and e-tailers right before and during Black Friday. Then suddenly the prices on most items got jacked back up to previous levels. Unless they were planning on doing all of their holiday sales during Thanksgiving week, that may not have been the best move.

By: Bat Chain Puller

Bat Chain Puller — Thu, 20 Dec 2012 14:59:18 +0000

Before long we’ll be hearing of farm yields and industrial output 300% higher per year, like the USSR circa 1950.