US economy shrinks 0.1 percent, 1st time in 3 1/2 years - Page 2

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  1. #11
    Senior Member Cyclist's Avatar
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    Quote Originally Posted by rain dog View Post
    oh .. the recession ended?

    yep, when the bush economic terrorism ended.


  2. #12
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    Seriously, Recession ended? Dang, I missed the email!

  3. #13
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    Quote Originally Posted by Cyclist View Post
    Most legitimate news stories talk slow expansion.

    Why cherry pick the time period? To try and make dumb people think things are getting worse I assume.
    News of the day. Also in the headlines were the usual words unexpected, surprise, unexpectedly when talking about the decline in GDP. Although, many have predicted another recession for this year.
    "The test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function." F. Scott Fitzgerald

  4. #14
    Senior Member Cyclist's Avatar
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    Quote Originally Posted by Ron@.38 Special View Post
    Seriously, Recession ended? Dang, I missed the email!
    It did on paper! heh heh

    Hey Ron, let's go restore some reefs!!!!!!!!!!!!!!

  5. #15
    Senior Member navigator2's Avatar
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    That's a telling chart right there. Overall prosperity for the 2000's with a dip at 9/11/2001. The freefall began when this country realized we either had a middle east hawk or the skidmark as our next president. I think that nailed it.


    Just drink the god d*mned koolaid!

    Quote Originally Posted by SWFL_F1sh0n View Post
    UH?
    Its 7.30 AM and you already won the moron trophy for the day. Congrats!

  6. #16
    Senior Member Cyclist's Avatar
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    The decline was due to fewer gov jobs, as stated, tempered by an increase in private companies payrolls.

    Should be good news to the right wing government haters.

  7. #17
    OT Administrator nuevowavo's Avatar
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    Quote Originally Posted by dstockwell View Post
    US economy shrinks 0.1 percent, 1st time in 3 1/2 years
    So the economy's been growing for 3 1/2 years and we have a .1 percent downtick and that's a sign of what?
    One-time factors?

    My conclusion is that the economy's chugging along. Slowly, but forward momentum, nonetheless.
    Anything I say...What a wonderful philosophy you have!

    http://www.lantanafitness.com/

  8. #18
    Senior Member SAENole's Avatar
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    This can't be right. Can it?

  9. #19
    Senior Member dstockwell's Avatar
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    Quote Originally Posted by nuevowavo View Post
    So the economy's been growing for 3 1/2 years and we have a .1 percent downtick and that's a sign of what?
    One-time factors?
    Maybe, maybe not. The next few months will tell whats going to happen. From debt ceiling to sequestration - likely another downgrade, followed by stagnated growth.

  10. #20
    Senior Member HomerSimpson's Avatar
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    Quote Originally Posted by nuevowavo View Post
    So the economy's been growing for 3 1/2 years and we have a .1 percent downtick and that's a sign of what?
    One-time factors?

    My conclusion is that the economy's chugging along. Slowly, but forward momentum, nonetheless.
    The Commerce Department says the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That's a sharp slowdown from the 3.1 percent growth rate in the July-September quarter.

    it went from a growth of 3.1% to a decrease of 0.1%, thats a -3.2% swing in growth. Your conclusion is wrong, no forward momentum this quarter. Thats not a good sign.


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