Obama's Economy FAIL- 0.0% GDP Growth In The First Quarter

[Geaux4it]

Good lord. Obama can't do anything right, well, unless you consider the unpatriotic agenda- a transformation of success

-Geaux
-----------------------

The Atlanta Fed's GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2015 has been downgraded once again... to 0.0 percent on April 1, down from 2.3 percent on Feb 13th.





Following this morning's construction spending release from the U.S. Census Bureau, the nowcast for real residential investment growth increased from -1.1 percent to 1.8 percent. This was more than offset by declines in the nowcasts for real nonresidential structures investment growth (-19.3 percent to -22.5 percent) and real state and local government spending growth (0.3 percent to -0.8 percent)

It s Official Fed Sees 0.0 GDP Growth In The First Quarter Zero Hedge

 

[Mac1958]

.

I do this stuff for a living, and I don't remember a stranger economic period. Every time I get my hopes up with this economic data, that economic data comes along and wrecks it. Every time the economic data looks scary, along comes some good news.

That does happen, but I don't remember it happening for this long - what, three, four years?

May not change for a while. The foundation for growth is definitely there, but so are some pretty significant dangers.

.

 

[zeke]

Did you take a stupid pill before you logged on?

What was happening in the country the first quarter of this year. Particularly the first two months of the first quarter.
Do a Google if you can about what happens in that Jan, Feb time frame that might effect spending patterns of consumers and business's.

You smart enough to use Google or you want me to explain to you what was happening in Jan and Feb 2015.

Here is a hint; you try building a house when it is 5 degrees out with 20 inches of snow. Your supplies and building material can't get on site, the employees can'g get to work.. It's so cold nothing works right.

You really are stupid.

 

[zeke]

When the second quarter comes in and that pent up demand from the first quarter is met and the economic numbers are looking good, will you be coming on line celebrating the economic numbers improvement?

 

[Geaux4it]

LMAO-

Seems the economist that made the projections disagree

-Geaux

 

[Geaux4it]

Did you take a stupid pill before you logged on?

What was happening in the country the first quarter of this year. Particularly the first two months of the first quarter.
Do a Google if you can about what happens in that Jan, Feb time frame that might effect spending patterns of consumers and business's.

You smart enough to use Google or you want me to explain to you what was happening in Jan and Feb 2015.

Here is a hint; you try building a house when it is 5 degrees out with 20 inches of snow. Your supplies and building material can't get on site, the employees can'g get to work.. It's so cold nothing works right.

You really are stupid.

LMAO

So last year it was the 'weather' and now this year.....gasp.... the 'weather'

I raise the

-Geaux

 

[Geaux4it]

Economy grew at 2.5% rate in first quarter of 2013

The nation's economy perked up in the first quarter, expanding at a 2.5% annual pace, the government said Friday, but that was less than expected.

Economy grew at 2.5 rate in first quarter

 

[Geaux4it]

More on the weather

-Geaux

As a reminder, it was precisely a year ago that economists, clearly unable to realize during the fact that heavy snowfall (in the winter) is disastrous toseasonally-adjusted GDP, decided to blame the harsh weather after the reported GDP fact. After what fact? After seeing Q1 2014 GDP rising as much as 2.5% just shortly before the BEA announced that Q1 GDP was in fact... -2.9%!

It Begins: Goldman Cuts Q1 GDP Due To Snow

It Begins Goldman Cuts Q1 GDP Due To Snow Zero Hedge

 

[zeke]

from live science;

The East's punishing winter arrived with amazing amounts of snow. More than 5 feet (164 centimeters) of snow fell on Boston in February, a new record. In the Southeast, a late February storm dropped 8 inches (20 cm) of snow across several states, leaving thousands without power and tying up traffic for hours.

But most states were drier than average this winter, NOAA said. Only the Northeast coast, plus Arizona and New Mexico, saw above-average precipitation. (The southwestern states can thank weak El Niñoconditions for their extra rain and snow, NOAA's Climate Prediction Center said yesterday.)

Average precipitation in winter 2014-2015.
Credit: NOAA
contributeto drought. [Dry and Dying: See Stark Images of Drought]

California's snowpack is trending toward record-low levels this year, the state's Department of Water Resources said Tuesday (March 3). The most recent survey found the statewide snowpack was about 19 percent of the average. California relies on winter snow to fill its reservoirs, and melting mountain snow provides water for plants and trees through the dry summer months.


Yes sir they were building houses all through the north east in Feb In five foot of snow. Record housing starts in Boston and Buffalo NY.. And those storms down south. 8 inches of snow and the loss of electric poser. No that couldn't have effected anything to do with business. Right?

And agriculture. I bet you think food and crop production out in the CA is at record high levels. Well except that they don't have the water resources to grow record production. But lack of water wouldn't effect food production would it?


You really are stupid if you think severe weather doesn't effect economic activity.

 

[TooTall]

Did you take a stupid pill before you logged on?

What was happening in the country the first quarter of this year. Particularly the first two months of the first quarter.
Do a Google if you can about what happens in that Jan, Feb time frame that might effect spending patterns of consumers and business's.

You smart enough to use Google or you want me to explain to you what was happening in Jan and Feb 2015.

Here is a hint; you try building a house when it is 5 degrees out with 20 inches of snow. Your supplies and building material can't get on site, the employees can'g get to work.. It's so cold nothing works right.

You really are stupid.

Stupid is thinking it was 5 degrees and snowed in all 50 states for two months.

 

[zeke]

Stupid is thinking it was 5 degrees and snowed in all 50 states for two months.

No. Stupid is not being able to read the article. And then after not reading, making stupid comments like you just did.
That's fucking stupid. You must be friends with goforit?

 

[TooTall]

Stupid is thinking it was 5 degrees and snowed in all 50 states for two months.

No. Stupid is not being able to read the article. And then after not reading, making stupid comments like you just did.
That's fucking stupid. You must be friends with goforit?

This is what you posted.

"Here is a hint; you try building a house when it is 5 degrees out with 20 inches of snow. Your supplies and building material can't get on site, the employees can'g get to work.. It's so cold nothing works right."

Was it 5 degrees out with 20 inches of snow in all 50 states?

 

[zeke]

Hey tootall. You aren't one of them dumb asses that think weather can't influence economic activity are you?


Did you know that when heat waves hit in this country that the sale of fans and AC units go up? How about that. Amazing eh? Economic activity being effected by weather.

And when it snows, the sale of snow blowers and snow shovels goes up. Yep. Unfortunately, the sale of snow shovels and snow blowers isn't enough to off set all the economic activity that doesn't take place.

Here's another one. If Cali done't get some rain soon, the price of food from CA is going UP. How about that weather related economic activity?

 

[zeke]

Was it 5 degrees out with 20 inches of snow in all 50 states?

Did I fucking say it was? Hell no. Can you read? It was 5% with an easy 20 inches of snow all over the NE now wasn't it. Especially in Feb.. Which is right in the middle of the first quarter. Which is where this all started.

You really don't read well do you?

 

[zeke]

trading economics;

US privately-owned housing starts fell 17 percent to a seasonally adjusted annual rate of 897,000 in February. Is it the lowest figure since January last year as cold weather hurt groundbreaking mainly in the Northeast and the Midwest.

The January estimate was revised to 1,081,000 from 1,065,000.

In February, housing starts in the Northeast shrank the most by 56.5 percent, followed by the Midwest (-37 percent), the West (-18.7 percent) and the South (-2.5 percent).



Tootall, housing starts fell 56.5% in the North East in Feb 2015. Midwest 37%.

Are you and the gofirit really gonna say that the drop in housing starts DID NOT effect the economic numbers for the first quarter.

You can't be that dumb. Not possible. Goforit, yes, he is willfully stupid. You I don't know about.

 

[rightwinger]

Good lord. Obama can't do anything right, well, unless you consider the unpatriotic agenda- a transformation of success

-Geaux
-----------------------

The Atlanta Fed's GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2015 has been downgraded once again... to 0.0 percent on April 1, down from 2.3 percent on Feb 13th.





Following this morning's construction spending release from the U.S. Census Bureau, the nowcast for real residential investment growth increased from -1.1 percent to 1.8 percent. This was more than offset by declines in the nowcasts for real nonresidential structures investment growth (-19.3 percent to -22.5 percent) and real state and local government spending growth (0.3 percent to -0.8 percent)

It s Official Fed Sees 0.0 GDP Growth In The First Quarter Zero Hedge

Oh dear!

The economy must fail crowd chimes in

Want to go over all quarters since Obama became President?

 

[jknowgood]

Did you take a stupid pill before you logged on?

What was happening in the country the first quarter of this year. Particularly the first two months of the first quarter.
Do a Google if you can about what happens in that Jan, Feb time frame that might effect spending patterns of consumers and business's.

You smart enough to use Google or you want me to explain to you what was happening in Jan and Feb 2015.

Here is a hint; you try building a house when it is 5 degrees out with 20 inches of snow. Your supplies and building material can't get on site, the employees can'g get to work.. It's so cold nothing works right.

You really are stupid.

With global warming as our greatest danger your post is irrelevant.

 

[jknowgood]

trading economics;

US privately-owned housing starts fell 17 percent to a seasonally adjusted annual rate of 897,000 in February. Is it the lowest figure since January last year as cold weather hurt groundbreaking mainly in the Northeast and the Midwest.

The January estimate was revised to 1,081,000 from 1,065,000.

In February, housing starts in the Northeast shrank the most by 56.5 percent, followed by the Midwest (-37 percent), the West (-18.7 percent) and the South (-2.5 percent).



Tootall, housing starts fell 56.5% in the North East in Feb 2015. Midwest 37%.

Are you and the gofirit really gonna say that the drop in housing starts DID NOT effect the economic numbers for the first quarter.

You can't be that dumb. Not possible. Goforit, yes, he is willfully stupid. You I don't know about.

Get Obama's pecker out of your mouth, please.

 

[jknowgood]

Good lord. Obama can't do anything right, well, unless you consider the unpatriotic agenda- a transformation of success

-Geaux
-----------------------

The Atlanta Fed's GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2015 has been downgraded once again... to 0.0 percent on April 1, down from 2.3 percent on Feb 13th.





Following this morning's construction spending release from the U.S. Census Bureau, the nowcast for real residential investment growth increased from -1.1 percent to 1.8 percent. This was more than offset by declines in the nowcasts for real nonresidential structures investment growth (-19.3 percent to -22.5 percent) and real state and local government spending growth (0.3 percent to -0.8 percent)

It s Official Fed Sees 0.0 GDP Growth In The First Quarter Zero Hedge

Oh dear!

The economy must fail crowd chimes in

Want to go over all quarters since Obama became President?

Record number of people on welfare? Outspent all presidents combined? Yeah Obama is great lol.

 

[zeke]

With global warming as our greatest danger your post is irrelevant.

Why do you even bother dude? Is that the best response you've got? Pitiful.