Comments on: Q3 GDP Slips Further to 2.2%

By: HarryWanger

HarryWanger — Tue, 22 Dec 2009 16:05:54 +0000

Fun with percentages!

Let’s see the GDP was revised downward from its original estimate. Ok, so they were off a bit. Well, maybe a more than a bit to the tune of 37%. Not bad.

Of course going forward, they’ll be much, much more accurate.

By: HarryWanger

HarryWanger — Tue, 22 Dec 2009 15:53:54 +0000

Barry says: “More recent data has been more positive”

Of course, until it too gets revised lower or isn’t as strong as initially thought or whatever other nonsense is thrown in.

Look, it’s a rock and a hard place now. Dollar going higher on stronger home sales and more Euro fears. But now our GDP was revised down yet again suggesting growth isn’t so robust. What do you do now? Economy is obviously not strong enough to sustain with a strong dollar environment as it would in “healthier” times.

It’s definitely starting to get more interesting. Too bad the holidays are in the mix this week or the real fun would begin.

By: Moss

Moss — Tue, 22 Dec 2009 15:46:44 +0000

It is all about the Fed, and cheap or free money. Boy this story is so familiar.
All the ‘pros’ know the Fed and or Treasury will not let the market fall too much.

By: CTX

CTX — Tue, 22 Dec 2009 15:30:39 +0000

how many traders at home have a big framed picture of Ben Bernanke near their trading desk?

By: How the Common Man Sees It

How the Common Man Sees It — Tue, 22 Dec 2009 15:27:16 +0000

VIX just dropped below 20. I’m calling complacency

By: wally

wally — Tue, 22 Dec 2009 15:16:53 +0000

Don’t forget to subtract out the debt that will be defaulted upon – it is growth that shows up as positive in the numbers but did not actually happen… and deficit spending by government that forces future inflation… and stimulus that merely pulls future demand forward, which requires a double entry on the ledgers.

We are still in recession.

By: call me ahab

call me ahab — Tue, 22 Dec 2009 15:08:42 +0000

yeah BR- there is a santa clause-

his name is Ben Bernanke-

and you can thanks him for supporting all asset prices- housing, equities, commodities-

if Fusion did well- then please send BB a Xmas card

By: CTX

CTX — Tue, 22 Dec 2009 14:51:40 +0000

so Barry r you happy with these numbers?

By: beaufou

beaufou — Tue, 22 Dec 2009 14:43:38 +0000

Worlwide outlook

http://www.guardian.co.uk/business/interactive/2009/oct/27/recession-gdp

By: crosey

crosey — Tue, 22 Dec 2009 14:41:48 +0000

That makes Q3 flat. Govt stimulus accounted for 2.2% of Q3, to my recollection.