Comments on: GDP Falls 6.1% http://www.ritholtz.com/blog/2009/04/gdp-down-61/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 20 Mar 2010 21:13:30 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: CTB http://www.ritholtz.com/blog/2009/04/gdp-down-61/comment-page-2/#comment-166501 CTB Thu, 30 Apr 2009 03:46:20 +0000 http://www.ritholtz.com/blog/?p=25141#comment-166501 The 6% GDP drop is probably healthy, when you consider that 70% of GDP comes from consumer spending and consumers were saving 0%. The fact that it's not falling off a cliff is good. But, in general I'm bearish -- this will unfold over a very long time. The 6% GDP drop is probably healthy, when you consider that 70% of GDP comes from consumer spending and consumers were saving 0%. The fact that it’s not falling off a cliff is good. But, in general I’m bearish — this will unfold over a very long time.

]]> By: primordial_ooze http://www.ritholtz.com/blog/2009/04/gdp-down-61/comment-page-2/#comment-166496 primordial_ooze Thu, 30 Apr 2009 03:17:07 +0000 http://www.ritholtz.com/blog/?p=25141#comment-166496 @ buermann - I thought all the creationists where the same people waiting for the "Rapture", so they are getting the hell out of here and leaving the rest of us. Maybe the "Rapture" is what you feel as your brains liquifies! @ buermann – I thought all the creationists where the same people waiting for the
“Rapture”, so they are getting the hell out of here and leaving the rest of us.
Maybe the “Rapture” is what you feel as your brains liquifies!

]]> By: Simon http://www.ritholtz.com/blog/2009/04/gdp-down-61/comment-page-2/#comment-166489 Simon Thu, 30 Apr 2009 02:36:18 +0000 http://www.ritholtz.com/blog/?p=25141#comment-166489 @ f411 Denninger is not a genius he just appears to be when compared to mainstream media economic commentators. He is a highly intelligent, highly concerned but somewhat socially compromised good citizen. If only we had more. Thank goodness for the internet. @ f411 Denninger is not a genius he just appears to be when compared to mainstream media economic commentators. He is a highly intelligent, highly concerned but somewhat socially compromised good citizen. If only we had more. Thank goodness for the internet.

]]> By: Bruce in Tn http://www.ritholtz.com/blog/2009/04/gdp-down-61/comment-page-2/#comment-166445 Bruce in Tn Wed, 29 Apr 2009 21:24:56 +0000 http://www.ritholtz.com/blog/?p=25141#comment-166445 I think I heard some idea about genocide , but only for holders of GM debt...of course I could have it wrong... I think I heard some idea about genocide , but only for holders of GM debt…of course I could have it wrong…

]]> By: Pat G. http://www.ritholtz.com/blog/2009/04/gdp-down-61/comment-page-2/#comment-166360 Pat G. Wed, 29 Apr 2009 18:14:48 +0000 http://www.ritholtz.com/blog/?p=25141#comment-166360 "Why do they call it the dismal science if most practitioners are consistently over-optimistic?" That's easy. That's called propaganda. Notice how they've low-balled the stock estimates so that pretty much everyone is beating them when they report? Where would the stock markets now be if they'd been estimating a 6% GDP loss this quarter all along. Especially, following another quarter featuring a 6% loss in GDP. The market is rallying today because with back to back quarterly losses of 6% in GDP all the ass clowns are saying; "the worst is in", "we've bottomed out", "we've turned the corner". The markets are all about perception not reality. “Why do they call it the dismal science if most practitioners are consistently over-optimistic?”

That’s easy. That’s called propaganda. Notice how they’ve low-balled the stock estimates so that pretty much everyone is beating them when they report? Where would the stock markets now be if they’d been estimating a 6% GDP loss this quarter all along. Especially, following another quarter featuring a 6% loss in GDP. The market is rallying today because with back to back quarterly losses of 6% in GDP all the ass clowns are saying; “the worst is in”, “we’ve bottomed out”, “we’ve turned the corner”. The markets are all about perception not reality.

]]> By: Transor Z http://www.ritholtz.com/blog/2009/04/gdp-down-61/comment-page-2/#comment-166348 Transor Z Wed, 29 Apr 2009 17:55:30 +0000 http://www.ritholtz.com/blog/?p=25141#comment-166348 @buermann: True, but my group is opposed to humans eating clams or harming them in any way. At the Institute for Clam Communication we are attempting to prove that clams have thoughts, feelings and a complex language and culture that predates humans by millions of years. Here is more information about the Clam Genocide. [CAUTION: GRAPHIC IMAGES] http://blog.livelob.com/category/recipes/clam_recipes We believe that the fact that markets are up 2.5% on the announcement that GDP was down [an uncorrected] 6.1% in Q1 is proof that humans are self-destructing and completely insane. We have no problem with humans, we just think it would be best if ~90% of them were to die as soon as possible for the betterment of the Earth. @buermann:
True, but my group is opposed to humans eating clams or harming them in any way. At the Institute for Clam Communication we are attempting to prove that clams have thoughts, feelings and a complex language and culture that predates humans by millions of years. Here is more information about the Clam Genocide. [CAUTION: GRAPHIC IMAGES]

http://blog.livelob.com/category/recipes/clam_recipes

We believe that the fact that markets are up 2.5% on the announcement that GDP was down [an uncorrected] 6.1% in Q1 is proof that humans are self-destructing and completely insane. We have no problem with humans, we just think it would be best if ~90% of them were to die as soon as possible for the betterment of the Earth.

]]> By: Todd in SM http://www.ritholtz.com/blog/2009/04/gdp-down-61/comment-page-2/#comment-166345 Todd in SM Wed, 29 Apr 2009 17:53:49 +0000 http://www.ritholtz.com/blog/?p=25141#comment-166345 looking at the Real GDP chart my first thought was: "well, the central bank did a fine job of moderating and leveling growth in the past decade." what a crock of s! More and more it seems that all attempts at economic planning are folly. looking at the Real GDP chart my first thought was: “well, the central bank did a fine job of moderating and leveling growth in the past decade.” what a crock of s! More and more it seems that all attempts at economic planning are folly.

]]> By: rww http://www.ritholtz.com/blog/2009/04/gdp-down-61/comment-page-2/#comment-166334 rww Wed, 29 Apr 2009 17:36:17 +0000 http://www.ritholtz.com/blog/?p=25141#comment-166334 Rosenberg at Zero Hedge on today's GDP: http://zerohedge.blogspot.com/ Rosenberg at Zero Hedge on today’s GDP: http://zerohedge.blogspot.com/

]]> By: Foghorn Longhorn http://www.ritholtz.com/blog/2009/04/gdp-down-61/comment-page-2/#comment-166332 Foghorn Longhorn Wed, 29 Apr 2009 17:33:15 +0000 http://www.ritholtz.com/blog/?p=25141#comment-166332 Besides, we don't need no steenking virus, We have NUKES. Rah Rah Sisboombah Go Team Go!! Besides, we don’t need no steenking virus,
We have NUKES.
Rah Rah Sisboombah
Go Team Go!!

]]> By: Foghorn Longhorn http://www.ritholtz.com/blog/2009/04/gdp-down-61/comment-page-2/#comment-166324 Foghorn Longhorn Wed, 29 Apr 2009 17:28:25 +0000 http://www.ritholtz.com/blog/?p=25141#comment-166324 buermann re, depopulation. You go first, I'll be right behind. And we just castigated Jim Jones for his noble endeavor. What idiots we are. buermann
re, depopulation.
You go first, I’ll be right behind.
And we just castigated Jim Jones for his noble endeavor.
What idiots we are.

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