GDP comes in at a pathetic 0.5%, all those printed trillions and still nothing

S

S2007S

How many more trillions do they need to print to get GDP moving up... Numbers missed by 2/10ths of a percent...looks like they now have an excuse to do more QE and probably cut rates back down to 0%...



WASHINGTON—The U.S. economy stumbled out of the gate in 2016 as consumers and businesses showed renewed signs of caution, underscoring the uneven growth that has been a hallmark of the nearly seven-year expansion.

Gross domestic product, a broad measure of economic output, advanced at a 0.5% seasonally adjusted annualized rate in the first quarter, the Commerce Department said Thursday. That was the worst performance in two years.


http://www.wsj.com/articles/u-s-first-quarter-gdp-advances-at-0-5-pace-1461846715

http://www.cnbc.com/2016/04/28/us-advance-q1-2016-gdp.html
 
The rich get richer, and we keep buying foreign made goods, all the factories have been either crushed into parking lots or people make homes out of them. Unemployment numbers are way off as many have given up years ago and found some doctor to say they are disabled, disability has more than doubled in last ten years. China is or going to put a tax on foreign bought goods, we desperately need to put a 50% tax on foreign made anything. Corps rather move out of USA than keep corporations within borders cause 35% taxes way too high. It is time USA does the right things as printing more money not working and will bite us in rear end. Asking companies to make jobs in USA will never work, free trade is not free when foreigners make pot of rice a day which is not equal of what it takes an American to break even for the month, nothing wrong with free trade, but make it where it is equal to what it costs for American workers to make it, tax the crap out of it till equality. USA will never become a great nation again like fifty years ago when we produced products. Service orientated is not working as far as enough good paying jobs.
 
US GDP growth has been shitty for the last 16 years because the US' economic freedom index has been dropping like a rock for the last 16 years. All those economically illiterate youths feeling the bern are not good for the economy.
 
felixbocharov said:
Printing is not helping anymore. QE one was perfect, QE two was ok, QE three was pointless.
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Well they will be calling for more QE once the markets and economy break again....QE was a failure to begin with...it never worked. Once this 2nd longest bull market in history is over and the collapse comes it will then be told that QE and the fed did nothing but create the next crisis.
 
S2007S said:
Well they will be calling for more QE once the markets and economy break again....QE was a failure to begin with...it never worked. Once this 2nd longest bull market in history is over and the collapse comes it will then be told that QE and the fed did nothing but create the next crisis.
More...

A very long way to go before we can even say this thing has broken back down...Hell, we're 30 pts from the highs and 270 pts from the lows...It's just that a 20 pt break in a completely comatose "cornered" market feels like something much bigger.
 
S2007S said:
Well they will be calling for more QE once the markets and economy break again....QE was a failure to begin with...it never worked. Once this 2nd longest bull market in history is over and the collapse comes it will then be told that QE and the fed did nothing but create the next crisis.
More...

I think Nikkei -5% is a game changer...at some point, the poor Japanese aging population would wonder why their pensions are 40% in equities. If that happened say with Morgan Stanley's advice, can you imagine how many "banks are evil squids" pitchforks will surface with just a -10% correction? I would love to see how "long term investors" react when push comes to shove...
 
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