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#1
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Nevertheless, your theory is discredited by the fact that GDP currently
stands at a figure that is almost 11% higher than when Bush took office. Maybe your primary residence is more clever than mine, or anybody else that I know. Most of our houses haven't "produced" a darn thing (as in "gross domestic product") yet the spike in selling prices (not to be confused with values) inspired by the temporarily low interest rates is reflected in the GDP numbers. Without the artificial "product" of escalating real estate prices (further splitting the haves and the have-nots in this country) the GDP number would reflect actual economic "growth" and would most likely be a negative number. |
#2
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#3
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#4
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I just wish my stock prices would recover. I took a hit when the tech
stocks crashed. Perhaps if we dumped NAFTA, the economy would take a big jump in manufacturing! Capt. Frank NOYB wrote: Economy Grows at Fastest Pace Since 1984 By JEANNINE AVERSA, Associated Press Writer WASHINGTON - The economy grew at a blistering 7.2 percent annual rate in the third quarter in the strongest pace in nearly two decades. Consumers spent with abandon and businesses ramped up investment, compelling new evidence of an economic resurgence. The increase in gross domestic product, the broadest measure of the economy's performance, in the July-September quarter was more than double the 3.3 percent rate registered in the second quarter, the Commerce Department reported Thursday. The 7.2 percent pace marked the best showing since the first quarter of 1984. It exceeded analysts' forecasts for a 6 percent growth rate for third-quarter GDP, which measures the value of all goods and services produced within the United States. "This is a gangbuster number. Everything came together for the economy in the third quarter," said Mark Zandi, chief economist at Economy.com. ---------------------------------------------------------------------------- ------------ I guess we can take "bagging on the economy" off the '04 Democratic election strategy... |
#5
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Frank,
The Nasdaq is up over 70% from 12 months ago...and the Dow is up 30%. That's great if you got in the market in October 2002. Of course, when a stock falls 50%, then it has to go up 100% just to be even. "Capt. Frank Hopkins" wrote in message link.net... I just wish my stock prices would recover. I took a hit when the tech stocks crashed. Perhaps if we dumped NAFTA, the economy would take a big jump in manufacturing! Capt. Frank NOYB wrote: Economy Grows at Fastest Pace Since 1984 By JEANNINE AVERSA, Associated Press Writer WASHINGTON - The economy grew at a blistering 7.2 percent annual rate in the third quarter in the strongest pace in nearly two decades. Consumers spent with abandon and businesses ramped up investment, compelling new evidence of an economic resurgence. The increase in gross domestic product, the broadest measure of the economy's performance, in the July-September quarter was more than double the 3.3 percent rate registered in the second quarter, the Commerce Department reported Thursday. The 7.2 percent pace marked the best showing since the first quarter of 1984. It exceeded analysts' forecasts for a 6 percent growth rate for third-quarter GDP, which measures the value of all goods and services produced within the United States. "This is a gangbuster number. Everything came together for the economy in the third quarter," said Mark Zandi, chief economist at Economy.com. -------------------------------------------------------------------------- -- ------------ I guess we can take "bagging on the economy" off the '04 Democratic election strategy... |
#6
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Not to mention the lost dividends!
Capt Frank NOYB wrote: Frank, The Nasdaq is up over 70% from 12 months ago...and the Dow is up 30%. That's great if you got in the market in October 2002. Of course, when a stock falls 50%, then it has to go up 100% just to be even. "Capt. Frank Hopkins" wrote in message link.net... I just wish my stock prices would recover. I took a hit when the tech stocks crashed. Perhaps if we dumped NAFTA, the economy would take a big jump in manufacturing! Capt. Frank NOYB wrote: Economy Grows at Fastest Pace Since 1984 By JEANNINE AVERSA, Associated Press Writer WASHINGTON - The economy grew at a blistering 7.2 percent annual rate in the third quarter in the strongest pace in nearly two decades. Consumers spent with abandon and businesses ramped up investment, compelling new evidence of an economic resurgence. The increase in gross domestic product, the broadest measure of the economy's performance, in the July-September quarter was more than double the 3.3 percent rate registered in the second quarter, the Commerce Department reported Thursday. The 7.2 percent pace marked the best showing since the first quarter of 1984. It exceeded analysts' forecasts for a 6 percent growth rate for third-quarter GDP, which measures the value of all goods and services produced within the United States. "This is a gangbuster number. Everything came together for the economy in the third quarter," said Mark Zandi, chief economist at Economy.com. -------------------------------------------------------------------------- -- ------------ I guess we can take "bagging on the economy" off the '04 Democratic election strategy... |
#7
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perhaps we should try buy products made in the US
"Capt. Frank Hopkins" wrote in message link.net... I just wish my stock prices would recover. I took a hit when the tech stocks crashed. Perhaps if we dumped NAFTA, the economy would take a big jump in manufacturing! Capt. Frank NOYB wrote: Economy Grows at Fastest Pace Since 1984 By JEANNINE AVERSA, Associated Press Writer WASHINGTON - The economy grew at a blistering 7.2 percent annual rate in the third quarter in the strongest pace in nearly two decades. Consumers spent with abandon and businesses ramped up investment, compelling new evidence of an economic resurgence. The increase in gross domestic product, the broadest measure of the economy's performance, in the July-September quarter was more than double the 3.3 percent rate registered in the second quarter, the Commerce Department reported Thursday. The 7.2 percent pace marked the best showing since the first quarter of 1984. It exceeded analysts' forecasts for a 6 percent growth rate for third-quarter GDP, which measures the value of all goods and services produced within the United States. "This is a gangbuster number. Everything came together for the economy in the third quarter," said Mark Zandi, chief economist at Economy.com. -------------------------------------------------------------------------- -- ------------ I guess we can take "bagging on the economy" off the '04 Democratic election strategy... |
#8
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Buy US is great except for we don't make much anymore. Our cars are made
in Mex and Can. Our electronics in Korea or Japan along with cameras, clothing in Taiwan or hong kong, and other items such as household goods also in asia. What we are "making" now is interest on loans to these countries, a lot of wheat and grain. Some beef, and veggies, and a few small factories putting out specialty goods. Boats and stuff. Hey! Try to buy a boat built will all-american parts! once you get out of the "open fishing boat" class you add lights (korea) and horns (mex) radios (japan) and engines, (some parts from here) and upholesrty (europe). At least my flare kit is made in the USA! Capt. Frank Wildest Dream wrote: perhaps we should try buy products made in the US "Capt. Frank Hopkins" wrote in message link.net... I just wish my stock prices would recover. I took a hit when the tech stocks crashed. Perhaps if we dumped NAFTA, the economy would take a big jump in manufacturing! Capt. Frank NOYB wrote: Economy Grows at Fastest Pace Since 1984 By JEANNINE AVERSA, Associated Press Writer WASHINGTON - The economy grew at a blistering 7.2 percent annual rate in the third quarter in the strongest pace in nearly two decades. Consumers spent with abandon and businesses ramped up investment, compelling new evidence of an economic resurgence. The increase in gross domestic product, the broadest measure of the economy's performance, in the July-September quarter was more than double the 3.3 percent rate registered in the second quarter, the Commerce Department reported Thursday. The 7.2 percent pace marked the best showing since the first quarter of 1984. It exceeded analysts' forecasts for a 6 percent growth rate for third-quarter GDP, which measures the value of all goods and services produced within the United States. "This is a gangbuster number. Everything came together for the economy in the third quarter," said Mark Zandi, chief economist at Economy.com. -------------------------------------------------------------------------- -- ------------ I guess we can take "bagging on the economy" off the '04 Democratic election strategy... |
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Economy Rebounds - Productivity Soars, Jobless Claims Drop | General |