[kmann]

$this->bbcode_second_pass_quote('', 'I') don't buy it.

[Tyler_JC]

$this->bbcode_second_pass_quote('Niagara', 'T')he GDP figure is an incredibly useful piece of information.

I just sold my buddy a beer mug for $10,000,000,000. Then I bought it back for $10,000,000,000

Between us we just added 20 bill. to the GDP. You're welcome.

[gollum]

$this->bbcode_second_pass_quote('alpha480v', '')$this->bbcode_second_pass_quote('kmann', 'G')overnment spending was down 0.2 % for the quarter. This growth was not led by stimulus dollars.

[EnergyUnlimited]

$this->bbcode_second_pass_quote('Niagara', 'T')he GDP figure is an incredibly useful piece of information.

I just sold my buddy a beer mug for $10,000,000,000. Then I bought it back for $10,000,000,000

Between us we just added 20 bill. to the GDP. You're welcome.

[Daniel_Plainview]

Bloomberg: Roubini declares that US GDP is a dismal failure, concluding that the US is "in trouble" “It’s going to feel like a recession even if technically we’re not going to be in a recession,” he said.

[Kristjan]

Roubini is like a broken clock that's right twice daily. He's been überbearish since ....well...forever I guess. He is a victim of his own success and now he can't seem to break out. Each time something positive about the economy comes out, he starts telling us why it's not as it seems. But who cares? GDP is not supposed to measure the well being of individuals or the viability of corporations. Everyone knows that! GDP is a measure of economic activity. Economic activity doesn't necessarily mean that less people are unemployed, but usually when you get successive quarters of growth, unemployment tends to decrease, wages tend to increase, investments tend to increase and so. And that is why economists focus of the GDP number. I don't know why Roubini is so bearish... maybe he just likes to see the US burn?

[Daniel_Plainview]

$this->bbcode_second_pass_quote('Kristjan', 'R')oubini is like a broken clock that's right twice daily. He's been überbearish since ....well...forever I guess. He is a victim of his own success and now he can't seem to break out. Each time something positive about the economy comes out, he starts telling us why it's not as it seems. But who cares? GDP is not supposed to measure the well being of individuals or the viability of corporations. Everyone knows that! GDP is a measure of economic activity. Economic activity doesn't necessarily mean that less people are unemployed, but usually when you get successive quarters of growth, unemployment tends to decrease, wages tend to increase, investments tend to increase and so. And that is why economists focus of the GDP number. I don't know why Roubini is so bearish... maybe he just likes to see the US burn?

[AirlinePilot]

$this->bbcode_second_pass_quote('Daniel_Plainview', 'T')he government sector is usurping and suffocating the private sector, and this will not end well for future generations.

[Tanada]

$this->bbcode_second_pass_quote('AirlinePilot', '')$this->bbcode_second_pass_quote('Daniel_Plainview', 'T')he government sector is usurping and suffocating the private sector, and this will not end well for future generations.

[mos6507]

$this->bbcode_second_pass_quote('Daniel_Plainview', '
')Obama, Pelosi et al. have essentially mortgaged the country's future (via rampant deficit spending) in order to provide a temporary stimulus, rather than focus on the core macroeconomic issues facing the US. More troubling, future interest payments on these deficits will limit future govt spending on needed social services.

[Revi]

The longer we can hold up this house of cards the better. We all know that it is only a matter of time before we are all riding shanks mare and eating rice and beans, if we're lucky.

[pablonite]

$this->bbcode_second_pass_quote('mos6507', '')$this->bbcode_second_pass_quote('Daniel_Plainview', '
')Obama, Pelosi et al. have essentially mortgaged the country's future (via rampant deficit spending) in order to provide a temporary stimulus, rather than focus on the core macroeconomic issues facing the US. More troubling, future interest payments on these deficits will limit future govt spending on needed social services.

[Tanada]

Anyone who believes the fuzzy math being spouted by the USA government is a fool. The big players all know these numbers have been massaged so hard they are as stiff as toothpaste! That is the most likely reason the Markets didn't get a bump from the rosy picture presented, they do no believe the number is real and neither do I.

[Daniel_Plainview]

$this->bbcode_second_pass_quote('mos6507', '')$this->bbcode_second_pass_quote('Daniel_Plainview', '
')Obama, Pelosi et al. have essentially mortgaged the country's future (via rampant deficit spending) in order to provide a temporary stimulus, rather than focus on the core macroeconomic issues facing the US. More troubling, future interest payments on these deficits will limit future govt spending on needed social services.

[Ludi]

$this->bbcode_second_pass_quote('pablonite', ' ')The real fancy footwork comes when they try and redistribute wealth in a reasonable manner just to keep the pitchforks at bay.

[mos6507]

$this->bbcode_second_pass_quote('Daniel_Plainview', '
')Mos, in lieu of Obama’s short-term, shotgun approach to pork-laden stimulus spending, the following core macroeconomic issues should be addressed:

1. The US's hollowed-out manufacturing base (less than 9% of the economy is mfg, back to 1941 levels);
2. The US's rampant, escalating off-shoring of labor;
3. The US's reliance on "bubbles" to sustain the illusions of "growth" and "prosperity"
4. The US's massive shift of resources from the private sector to the public sector;
5. The US's reliance on consumer credit and consumer spending to power its economy;
6. The US's rampant bailouts of Wall Street banksters & failed companies (AIG; GM)
7. The US's defacto nationalization of the housing/mortgage sector (Fannie/Freddie/FHA);
8. The US's reliance on the obsolete "Growth Model"
9. The US's reliance on foreign oil and its lack of a cohesive energy/resources policy;
10. The US's massive deficit spending and its reliance on foreign investors to purchase Treasuries;
11. The US's short-sidedness and tendency to "kick the can" down the road rather than address present issues;
12. The US's total evisceration of the US Constitution, especially Article 1, Section 8.
13. The US's failure to regulate derivatives, CDO's, and banking in general;
14, The US's fudging publicly-disseminated data and its deception regarding PO, GW, etc.
15. The US's and the Fed's lack of transparency;
16. The Fed's massive distortions of the free market via artificially low interest rates and QE (printing)

[mos6507]

$this->bbcode_second_pass_quote('Tanada', 'A')nyone who believes the fuzzy math being spouted by the USA government is a fool. The big players all know these numbers have been massaged so hard they are as stiff as toothpaste! That is the most likely reason the Markets didn't get a bump from the rosy picture presented, they do no believe the number is real and neither do I.

[copious.abundance]

$this->bbcode_second_pass_quote('Daniel_Plainview', '1'). The US's hollowed-out manufacturing base (less than 9% of the economy is mfg, back to 1941 levels);

[Tanada]

$this->bbcode_second_pass_quote('mos6507', '')$this->bbcode_second_pass_quote('Tanada', 'A')nyone who believes the fuzzy math being spouted by the USA government is a fool. The big players all know these numbers have been massaged so hard they are as stiff as toothpaste! That is the most likely reason the Markets didn't get a bump from the rosy picture presented, they do no believe the number is real and neither do I.

[Kristjan]

$this->bbcode_second_pass_quote('Daniel_Plainview', '
')1. The US's hollowed-out manufacturing base (less than 9% of the economy is mfg, back to 1941 levels)