Shrinkage: US Economy Declined By -0.1% In Q4
A stunner out of the BEA which just reported a Q4 GDP of -0.1% that was leaps and bounds below the 1.1% estimate, and a plunge from Q3's 3.1%. The factors: Private Inventories, Exports and Government Expenditures all of which contracted, by -1.27%, -0.81%, and -1.33%. The silver lining was in Personal Consumption Expenditures which added 1.52% to the negative print, most of it however driven by a surge in spending ahead of the fiscal cliff. Ironically, this was the biggest government-driven detraction from growth since Q1 2011, when GDP led to a -1.49% cut in the GDP, same in Q4 when government spending on defense fell the most since 1972. The solution is simple: print moar drones. Enter Mali. And since everything is now AMZN-ing, we can't wait for the spin that the GDP's margins were actually better than expected, leading to a 200 point surge in the DJIA.
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Get to work Mr. Chairman.
long toner...
Dear CNBS crew.. I shit in your cereal..
Must...have...MOAR...WAR...
Get to work, Mr. President
Bullish...
This is just short term noise. The stock market has shrugged off this insignificant news and will soon be making its way to new all time highs. Professional fund managers recognize that despite this minor set-back, the long term fundamentals for the US economy are overwhelmingly positive. Here are just a few of the endless positive indicators for our economy:
When will masochistic doomer libertarians on this site recognize that they are simply wrong about economic collapse and the impending apocalypse? When will goldbugs, silverbugs and bitcoinbugs realize that their dreams of becoming kings of the universe will never materialize?
Whatever drugs you're on, I want some.
Mopium, it's everywhere.
Dope & Change
Winning!
I think MDB is overdosing on the Herbalife products he is trying to sell.
You don't rely on your own supply.
how was anyone expecting economic growth when aggregate energy supply is contracting?
Printers becoming more energy efficient?
Trav, my top explanations are:
Stupidity, Cognitive dissonance, willful ignorance, sociopathy. Mostly sociopathy.
How Trav? Well while Corzine walks among us, anything could happen. I believe in Forward!
Shut. Up.
So you are saying the market is underbought.... I read you, I read you. Expect current overbought oscillator to pop right off the chart today. To irrational and beyond!
Maybe Obium ?
Whatever it is, probably purchased with bitcoins.
When will you acknowledge the fact that money printing as polital policy has failed? The Fed has failed in all of it's mandates, yet you somehow think this is a positive thing and short term noise?
MDB is 100% sarcasm. He doesn't 'acknowledge' things.
Since MDB pretty much speaks in ironic terms, I can never decide whether to give him green or red arrows. Green 'cause it's hilarious, or red, since he says the opposite of what he means. Hmm...
Agreed. It is all sarcsm.
U.S. socialists and liberals have never called out libertarians on anything. It's not a group on their radar screen.
And, such a soundbyte has zero impact on the sheeple (other than to confuse them), so you know his message has to be sarcastic.
Bitcoin Bugs.
BCBs. Loves it!
:D
It's that time again:
MillionDollarBonus_ Tue, 05/18/2012 - 09:33 -
I predicted this from the start. FB is the AAPL, and any price below $100 is CHEAP. You may laugh at me now, but I'll be laughing when it's trading at $200 and you doomers are chasing the market.
MillionDollarBonus_ Tue, 05/18/2012 - 11:12 -
Everyone is excited about this historic IPO except for lame uptight doomer libertarians. FB is a fresh new IPO - perfect for young investors just getting started and looking to build a respectable but forward looking portfolio. This is a great day for hip, upmarket investors, but a sad day for envious and bitter and sulking rednecks.
MillionDollarBonus_ Tue, 05/22/2012 - 08:45 -
Bought another 300 shares yesterday - taking advantage of this discount. It's all about dollar-cost averaging. My average entry is now at $38 so I'm in the same boat as most of the top buy-side bidders at the original offering.
MillionDollarBonus_ Tue, 05/29/2012 - 10:42 -
$30 should be solid psychological support. Bought another 500 shares this morning - The value is off the charts here. This cannot last much longer. This is the social networking revolution - older people just don't get it.
MillionDollarBonus_ Thu, 08/16/2012 - 10:20 -
For long term value investors, this is just short-term noise. This is a great dip-buying opportunity – and honestly, who cares whether you pay $19 or $40 when the long term price target is in the $100s???
MillionDollarBonus_ Fri, 08/17/2012 - 16:32 -
You idiots talk about the sell off as if this is just normal market activity ... this is a JOKE. How the HELL can the SEC just stand by and watch while these manipulative short sellers hammer the stock into the ground???
Are you stalking him?
Apparently, "fascetious" and "parody" are not in his lexicon. I think I can help...
He's funnin' with ya, Bubba.
:D
I should stalk MDB better because I'm sure he's had newer, better content since Aug last year.
I should be ashamed of myself, actually.
MDB is a bore with no new material. Zero entertainment value. As bad as Tom Cruise.
Hahahaha!!!!! Impeach Obama! Empower Maliki!!! Good one Maliki - stalker though you may be :)
MDB strikes again :)
Great sarc, as always.
MDB has been called in for damage control.
deer antler spray, hookers and blow then kick back with some 40s. watch the drone races. rally on bitchez
6. Record number of college-educated Americans
Bwahaha. I know my small business is eagerly seeking a women's studies major to take out the trash.
That is a whiny lawsuit in the making. Don't do it.
hire her if shes got big tits 28 hrs a week ,then bang the hell out of her , then let her take the gov plan, but its sloppy secounds the bank got there first with the student loans, but hell you paid for it! or will
Enjoy!
Enjoy!
Enjoy!
I kept waiting for the punchline to tie together this brilliant sarcasm, He kind of sucks at the bringing it all together part.
Damn straight! This must be worth at least 500 Dow points.
The sad thing is i am still pretty sure that "they" will squeeze futures into the green even on this. But for this one moment i feel sheer joy that a dog feels whilst watching a neighbours cat get run over by a truck.
That's perfect!
the costanza economy
"It ain't watcha do, it's the way that you do it"
And that's what gets results.
The result of taking away our guns and adding 11,000,000 targets.
Normally I can figure out why this is bullish, but I must admit of being at a loss this time.
This means more QE, thats why its bullish
+1
exactly
"The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus."
http://www.cnbc.com/id/100419252
This.
A -.01% drop in GDP..... doesn't that work out to almost -.05% on an annualized basis?