BEA: News Release: Gross Domestic Product and Corporate Profits


Looks ok to me. Bring on the flood of negative indicators. Stagnant real wage growth is my favorite.

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http://www.fairtax.org

Elminate all taxes on income and replace with a national sales tax.

Warren buffet says it in recession. You are in denial so are a lot of Americans so it is alright.

USA is taking the biggest slip in standard of living due to globalisation. Not like the lies they told everyone in text books.

Now it is a case that globalisation leads to declining living standards in the west now that fact. Whereas before they argued it would increase them.

from Warren's lips to God's ear...

Greenspan said the same thing then at least had the balls to admit he was wrong.

What expertise does he have exactly?

__________________
http://www.fairtax.org

Elminate all taxes on income and replace with a national sales tax.

Liberals seem to have a real knack for re-defining words when it suits them. Ask any of them if we are in a recession and they'll all say YES!!!! YES!! YES!!! yet, the definition of a recession is two conseq. qtrs of negative growth - we haven't even had ONE!! Ist qtr was UP 1%.

US economy logs better but still subpar growth: Financial News - Yahoo! Finance

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"My friends, we live in the greatest nation in the history of the world. I hope you'll join with me as we try to
change it." -- Barack Obama

In fairness, we could very well be in a recession, but it wont meet the definition until 6 months later.

__________________
http://www.fairtax.org

Elminate all taxes on income and replace with a national sales tax.

Since growth is financed with debt, an intelligent person would be inclined to ask, is more junk debt a net positive?

Obviously, it's only a matter of time before the game goes bust.

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Who does vote for these dishonest shitheads? Who among us can be happy and proud of having all this innocent blood on our hands? Who are these swine? These flag-sucking half-wits who get fleeced and fooled by stupid little rich kids like George Bush?

--Hunter S. Thompson

he made a lot of money then he made a lot more when he got "discovered" and could impact more investors via media.

Hahahaha.......

Let's see...
The DOW is at it's lowest since September 2006
The sub-prime mess looks to reach at least $500,000,000,000 (thats billion)
Gas prices are at the highest in history, with all indicators pointing to both long-term costs, but that it will be higher yet.
Mortgage defaults is at an all time high
Real Estate values have fallen the fastest in recorded history - near 30% in 12 months.
At current state, a MILLION people will be laid off this year.
In May ALONE - 1,726 companies committed a mass lay-off (over 50 at once) for a total of 176,000 people because of plant closings and/or line shutdowns.
Junes lay-off numbers are expected to be flat with May.

Keep dreaming.

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The most serious threat to the United States is not someone hiding in a cave in Afghanistan or Pakistan, but our own fiscal irresponsibility 2008 - David Walker, Controller General of the United States

you DO have a knack for seeing half empty !

No I run a business....and anyone who does - knows tragically well that this economy is NOT growing despite massaged GDP data that everyone (well people who know jack) knows contains data that is both unreliable and favorable to false positives.

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The most serious threat to the United States is not someone hiding in a cave in Afghanistan or Pakistan, but our own fiscal irresponsibility 2008 - David Walker, Controller General of the United States

right now, no, BUT as jveihe said , it will take 6 months to really soak the numbers....just in time for the election too...its karma I guess.

the real estate market is a 6 month lag, leash tug to collar lead time so we'll see what happens in October, we very well could crater...Or...it could be a smoother landing...


re: recession, if we are not in one now we will be...

On the bright side help is coming, Obama says we need another Stimulus package and hes all for it......is this guy like totally lost or what?

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We few, we happy few, we band of brothers;
For he to-day that sheds his blood with me
Shall be my brother; be he ne'er so vile....

Who in the doom and gloom cloud are willing to stake their reputations that Q2 growth won't come in HIGHER than Q1, let alone be in recession?

The broader, longer-term perspective also seems to be missing. Given that there there are people out there who have asserted that any one of the "crisis" (oil, housing market, credit market, etc.) we have been hit with should have been enough to through us into a recession, and here we are almost a year into all of them and we have not entered a recession (at least not as of March), doesn't sugges that there was a near Atlas like strength to the underlying economy?

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"It's a good feeling to shoot a bad guy. Something you democrats would never understand. Americans are homesteaders, we want a safe home, keep the money we make, and shoot bad guys!"

----Denny Crane

Question is, how much longer will the world go on lending us money so we can maintain the illusion of economic growth?

__________________
Who does vote for these dishonest shitheads? Who among us can be happy and proud of having all this innocent blood on our hands? Who are these swine? These flag-sucking half-wits who get fleeced and fooled by stupid little rich kids like George Bush?

--Hunter S. Thompson

Stupid question, demonstrating basic ignorance of economics. The reason the rest of the world is so eager to pour money into our economy by lending it to us on the open capital markets is the best evidence there could be of their view that investment opportunities in their own countries are insufficient to put all that capital to work, so they turn their eyes (and their money) to the greatest place in the world to invest.

__________________
"It's a good feeling to shoot a bad guy. Something you democrats would never understand. Americans are homesteaders, we want a safe home, keep the money we make, and shoot bad guys!"

----Denny Crane