[AlexdeLarge]

Economy grows at 5.7 pct pace, fastest since 2003
http://finance.yahoo.com/news/Economy-likely-grew-faster-in-apf-3028347842.html?x=0&.v=9

$this->bbcode_second_pass_quote('', 'T')he 5.7 percent annual growth rate in the fourth quarter was the fastest pace since 2003. The Commerce Department report Friday is the strongest evidence to date that the worst recession since the 1930s ended last year, though an academic panel that dates recessions has yet to declare an end to it.

[AlexdeLarge]

Ticker

GDP: There's Your Inventory Bounce
http://market-ticker.denninger.net/archives/1915-GDP-Theres-Your-Inventory-Bounce.html

[Ludi]

If productivity is up so much when so many folks are unemployed, that means those working are working MUCH too hard.

[Novus]

$this->bbcode_second_pass_quote('Ludi', 'I')f productivity is up so much when so many folks are unemployed, that means those working are working MUCH too hard.

[Ludi]

$this->bbcode_second_pass_quote('Novus', '
')Employers are learning how to use the hard times to squeeze the workers more and are thus not hiring. This NOT productivity.

[gnm]

Ludi, Novus.... 'Xactly........ Around here they call it "expanding mission scope".

-G

[AlexdeLarge]

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('Novus', '
')Employers are learning how to use the hard times to squeeze the workers more and are thus not hiring. This NOT productivity.

[Revi]

I read Denninger's piece and I agree with Alex de Large, for once.

It was just stimulus that caused the 5.7% jump in GDP. It wasn't the Christmas sales season.

I think they will re-adjust the numbers to around 3% soon.

Even 3% seems incredible.

[Daniel_Plainview]

$this->bbcode_second_pass_quote('AlexdeLarge', '
')3 1/2 % of growth is related to the sugar high of all the stimulous spending by the goobermint, Most of the rest is Inventory rebuild.

[crude_intentions]

$this->bbcode_second_pass_quote('AlexdeLarge', 'T')icker

GDP: There's Your Inventory Bounce
http://market-ticker.denninger.net/archives/1915-GDP-Theres-Your-Inventory-Bounce.html

[AlexdeLarge]

$this->bbcode_second_pass_quote('', '&')quot;The GDP number today represented not just a rare but an unprecedented event, and as such, we are willing to treat the report with an entire saltshaker — a few grains won’t do."

[Gerben]

$this->bbcode_second_pass_quote('', 'T')he 5.7 percent annual growth rate in the fourth quarter was the fastest pace since 2003.

$this->bbcode_second_pass_quote('Gerben', '')$this->bbcode_second_pass_quote('', 'T')he 5.7 percent annual growth rate in the fourth quarter was the fastest pace since 2003.

[dorlomin]

$this->bbcode_second_pass_quote('crude_intentions', '
')"In Soviet America, Borrowed Money make YOU Rich!

[kmann]

Government spending was down 0.2 % for the quarter. This growth was not led by stimulus dollars.

[AirlinePilot]

From an economic analyst....

"In the fourth quarter, aggregate private hours worked contracted at a 0.5% annual rate and what we can tell you is that such a decline in labour input has never before, scanning over 50 years of data, coincided with a GDP headline this good. Normally, GDP growth is 1.7% when hours worked is this weak, and that is exactly the trend that was depicted this week in the release of the Chicago Fed’s National Activity Index, which was widely ignored. On the flip side, when we have in the past seen GDP growth come in at or near a 5.7% annual rate, what is typical is that hours worked grows at a 3.7% rate"

[Niagara]

The 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.

[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.

[Plantagenet]

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

[AlexdeLarge]

GDP Mirage - The Last Hurrah
http://globaleconomicanalysis.blogspot.com/2010/01/gdp-mirage-last-hurrah.html

$this->bbcode_second_pass_quote('', 'D')igging beneath the surface there is nothing to cheer about in the GDP numbers. Moreover, this weakness is in the face of the largest stimulus measures the world has ever seen, not just in the US, but globally. Money supply in China is growing at 30% and housing bubbles are likely to pop in Australia, Canada, and the UK. Problems in Greece, Spain, and Iceland continue to mount.

GDP is a mirage of sand blowing in the wind. So is global growth. It is a mistake to believe government spending can possibly provide a solid foundation for a lasting recovery.