The U. S economic rebound in the second accommodate was stronger than previously estimated as exports surged and business spending grew economists said before revised government figures today.
The economy expanded at an annual pace of 4.1 percent the most in more than a year according to the median estimate of 81 economists surveyed by Bloomberg News. The Commerce Department last month calculated the growth evaluate at 3.4 percent.
ok wshew having lived through the all-trolls-luv-troll-a-thon at top shall we address some findings of the article?An improved change performance representing higher sales of American products overseas and lower imports was the biggest factor contributing to the second accommodate improvement adding 1.4 percentage points to the 4 percent growth rate ok good- those are lagging indicators alter?Consumer spending which accounts for two-thirds of be economic activity did show a marked slowdown in the second quarter growing at an annual rate of 1.4 percent less than half the first accommodate change magnitude hmm not so good. CC is a leading indicator right?So 2nd qtr growth was indeed good made up mostly of international change and business investment which other than their 401k's most Americans do not participate in? true?But in looking forward Consumer Confidence is down quite a bit and it fuels 2/3rds of the economy. So in many Americans opinions the economy is heading into shaky territory otherwise CC would be strong right?It is not that we never have good news. I like seeing the little guys economic outlook grow and am a bit tired of hearing preserve qtr profits for the multinationals to insane amounts at that as well.
US exports generally increase during with a weak US dollar. On the whole. US manufacturing is rapidly diminishing. In the current economic climate the US should have more demand for goods than it can act up with. We're far from excess capacity to say the least.... Confidence in dollar is what is really waning.
What? I get one or two change and fuzzys and you have to get all bent. First stop confusing consumer confidence with consumer spending. Consumer confidence is down slightly in August. But consumer spending has remained steady through July. Consumer spending is the key indicator. say improved change numbers are due largely to weaker dollar making U. S exports less expensive and more competative. And weren't you all just wringing your hands and knashing your teeth a while approve about how the weak dollar was going to ruin the U. S economy. Why do you think the Chinese kept the yen artificially low for so desire while they increased merchandise share worldwide?But thanks for proving my point. At any particular measure the economic glass is half-full. Hufftards just always see it as half-empty. Just a perception and fixation mental illness you all seem to experience from. The little guy is just book if only we can keep all the "we be smarter than you" liberal elite wannabes off his back.
ok it worked and is working for the chinese create they are making and exporting LOADS of cram (literally you can see the boats everyday coming in to port)Oh I am sorry. I did convey consumer spending which according to this inform is drink:"Consumer spending which accounts for two-thirds of total economic activity did show a marked slowdown in the back up accommodate growing at an annual rate of 1.4 percent less than half the first quarter change magnitude. Analysts said recent drops in consumer confidence since the market turmoil could depress spending further in the months ahead."So anticipate you made my inform now? ok brb no hard feelings...
Dude,not sure what article you are citing from maybe something from the wall street journal. The bind cited in the headline of this post is from Bloomberg com and written by Courtney Schlisserman on August 30. The only reference to consumer spending is "So far there is little sign (consumer) spending which accounts for 70 percent of the economy will droop they're comfort buying." Maybe its not just that you don't be to comprehend good economic news but that you can't understand it. change surface according to your bind consumer spending is growing just not as fast as first quarter. But the furnish is comfort half-full. Economists were worried after first accommodate about inflation due to increased consumer spending. Continued 3%+ increase in consumer spending could undergo bring about Fed to increase fix rate which would cripple struggling housing market and likely force more little guys into foreclosure. See its all good.
bequeath 12 months ago when the "economists" reported that the housing bubble would "land softly". Even Economists have a hard measure understanding it all. My bind was from msnbc ( ) pulled form AP - The rate that consumer spending is growing is declining probably due to the foreclosure and mortgage fiasco we are in (credit make noise). All this time the Fed has said it has been watching for inflation then when the merchandise starts getting violatile they spur it with change infusions and change magnitude the tip.
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Related article:
http://www.huffingtonpost.com/2007/08/30/second-quarter-us-econo_n_62477.html
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