GDP up 3.2 percent

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Topspin

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Real gross domestic product rose at a 3.2% annualized rate in the first quarter, the U.S. Department of Commerce reported this morning, trailing estimates of 3.3% or 3.4%, depending on whose data you used. That was down from the 5.6% Q4 rate.

The second estimate on GDP will be released by the Department on May 27.

Drivers of Q1 growth were personal consumption, private inventory investment, exports, and nonresidential fixed investment, offset by a fall in state and local government spending and residential fixed investment, a deceleration of exports, and a rise in imports.

S&P 500 futures for June are up just 1 point on the news, at 1,206.
 
The sunlight is begining to creep into the window.

Good thing we are all kensyans now or we would be in a depression
 
It'll be a full-blown hot summer when the reluctant republicans get on board kicking and screaming. Obama's market returns hopefully Clinton like will drive home the point of better economies under democrats.
 
NigelTufnel said:
The market isn't as important politically when unemployment is as high as it is.
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Unemployment is a lagging indicator. It won't recovery without increased activity. Obama will be thrilled with this number and economist are saying the market was excellarating at the end of the quarter. April job increases should be high.
 
The market heating up is what will bring the jobs.

The corps have already been reluctant to hire because they are forcing their current staff to work to cover the expanse. The minute they accept that they can make even more by hiring more the gates will open.

It wont be a flood but a steady stream.
 
Let's hope the health bill requirements of employers( with respect to employee limits of 50 employees before expemtion of requiring health insurance for all employees) doesn't cost jobs or keep employers from hiring that 51st employee.

What we needed was an incentive to hire more people, not the opposite. The timing couldn't have been worse for the health bill.

Health bill economy FTW!!
 
Topspin said:
It'll be a full-blown hot summer when the reluctant republicans get on board kicking and screaming. Obama's market returns hopefully Clinton like will drive home the point of better economies under democrats.
Click to expand...
That won't mean shit unless there's significant jobs growth.
 
The recession is over economist are waiting and will back date the start of the recovery officially. We had 3 qtrs in a row of growth.
 
What came frist--the chicken, or the egg? That is a tough question. A easier one is

What came first, productioin or the dividend? Now we know those GDP numbers are padded with inventory build up, but the fact is we still lose jobs and income as citizens. It would also be nice if GDP (Gross Domestic Product) was actually produced domestically.

Stocks and GDP mean little to me today--it is forclosures and loss of opportunity that will do us in.

That is unless---we can get wind mills to run factories employing 3000 poeople to produce dividends. Yea---that sounds sustainable.
 
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