U.S. Economic Growth Beat Expectations in Third Quarter

[Sallow]

U.S. Economic Growth Beat Expectations in Third Quarter

Bolstered by inventory investments and a narrowing trade deficit, the American economy grew more quickly than had been expected in the third quarter, but economists warned the gains could be fleeting.

At an annual rate of 2.8 percent, the pace of growth over July, August and September was the fastest since the third quarter of 2012, the Commerce Department said Thursday. It was also well above the 2 percent level economists had predicted.
http://www.nytimes.com/2013/11/08/b...-grows-at-2-8-rate-in-third-quarter.html?_r=0

In other news:

Taxpayers close to breaking even on Fannie Mae, Freddie Mac bailout

Freddie Mac said on Thursday it will pay $30.4 billion in dividends after a multibillion-dollar tax-related windfall fueled a record profit in the third quarter.

Its larger sibling and fellow state ward Fannie Mae said it would make an $8.6 billion payment.

When Freddie Mac makes its payment in December, it will have returned all of the $71.3 billion it received in taxpayer aid, and an additional $9 million. Fannie Mae's dividend will leave it about $2.2 billion shy of the $116.1 billion it received.
Taxpayers close to breaking even on Fannie Mae, Freddie Mac bailout | Reuters

 

[Sallow]

LOL

Guess good news for America is bad news for Conservatives.

 

[TakeAStepBack]

Or it's just that you have no credit so there si no point in discussing such matters with you. Hence the empty thread.

 

[Sallow]

Or it's just that you have no credit so there si no point in discussing such matters with you. Hence the empty thread.

Naw.

I have plenty of big threads.

But when they start with good news they generally fall flat.

Or..

I get attacked personally.

Grats..you went for number 2.

 

[G.T.]

fuck you swallow youre an asswipe rah rah rahhhh!!! - Warrior

 

[Meathead]

Yet another economic recovery? With all these recoveries, it's amazing the economy is still tanking.

 

[Mr. H.]

A big contributor to that improved trade deficit is increased domestic oil production.
Why are there over $40 billion in taxes on the oil and gas industries in Obama's proposed budget?

 

[boedicca]

A portion of the GDP growth figure is inventory build ups, which will suppress growth in future quarters.

Adjusted for that, growth is more like 2%, which is horrible considering that we never got a real growth pop after the recession ended.

 

[Sallow]

fuck you swallow youre an asswipe rah rah rahhhh!!! - Warrior

 

[Sallow]

A big contributor to that improved trade deficit is increased domestic oil production.
Why are there over $40 billion in taxes on the oil and gas industries in Obama's proposed budget?

I think they've "explored" enough..

 

[JakeStarkey]

The quarter was better than anticipated, but a C- instead of a D is not great.

 

[TakeAStepBack]

The quarter was better than anticipated, but a C- instead of a D is not great.

For LOLberals like Shallow, that is as close to an A as they'll ever get. They are the poster children of no child left behind. They still geta nice trophy for trying and getting a D.

 

[Avorysuds]

85 billion a month by the FED-R
Holiday season shopping has started
and still less people working....


Swallow lives up to his name.

Soon like TM Swallow will be starting threads about the massive spending occurring on turkeys, marshmallows and yams and claim it's the recovery.... Oh and that it's 100% unexpected and no one saw it coming.

Then only a short time later Swallow will claim the economy is entering a boom due to Obama, he will point to an unexpected boom in tree sales and gift warping as well as toys and gadgets.


Then, all of a sudden... out of no where all this spending will suddenly stop.... and Swallow will blame Republicans.

 

[expat_panama]

The quarter was better than anticipated, but a C- instead of a D is not great.

Let's remember that after adjusting for population and inflation we find annual gdp growth over the past six years averaging 0.1%.

Maybe that "C-" was a bit generous.

 

[JakeStarkey]

We can keep blaming the GoP for the crash, but it is the Dems that are not getting us better up the trail.

 

[Mr. H.]

A big contributor to that improved trade deficit is increased domestic oil production.
Why are there over $40 billion in taxes on the oil and gas industries in Obama's proposed budget?

I think they've "explored" enough..

 

[Toro]

U.S. Economic Growth Beat Expectations in Third Quarter

Bolstered by inventory investments and a narrowing trade deficit, the American economy grew more quickly than had been expected in the third quarter, but economists warned the gains could be fleeting.

At an annual rate of 2.8 percent, the pace of growth over July, August and September was the fastest since the third quarter of 2012, the Commerce Department said Thursday. It was also well above the 2 percent level economists had predicted.
http://www.nytimes.com/2013/11/08/b...-grows-at-2-8-rate-in-third-quarter.html?_r=0

In other news:

Taxpayers close to breaking even on Fannie Mae, Freddie Mac bailout

Freddie Mac said on Thursday it will pay $30.4 billion in dividends after a multibillion-dollar tax-related windfall fueled a record profit in the third quarter.

Its larger sibling and fellow state ward Fannie Mae said it would make an $8.6 billion payment.

When Freddie Mac makes its payment in December, it will have returned all of the $71.3 billion it received in taxpayer aid, and an additional $9 million. Fannie Mae's dividend will leave it about $2.2 billion shy of the $116.1 billion it received.
Taxpayers close to breaking even on Fannie Mae, Freddie Mac bailout | Reuters

The GSEs are making money hand over fist. They are going to pay back the US government in full.

Too bad the government has abrogated property rights by crushing the rights of shareholders to their rightful claims on the profits. It's disgusting.

 

[Rozman]

LOL

Guess good news for America is bad news for Conservatives.

US economy is roaring and has been for years....
Outstanding job Mr.President.
The US economy is the envy of all nations.....

Wow.....

Who knew....

 

[expat_panama]

...keep blaming the GoP for the crash...

That's what we keep hearing I guess. Creating wealth is hard enough in times like these, but it just makes it harder when the loony left runs amok and blames all their troubles on those of us with the wealth we've just created.

 

[william the wie]

The quarter was better than anticipated, but a C- instead of a D is not great.

Let's remember that after adjusting for population and inflation we find annual gdp growth over the past six years averaging 0.1%.

Maybe that "C-" was a bit generous.

Given inventory build up I think you are guilty of understatement.