GDP Report Release

[S2007S]

-6%


I guess its up from here....

I can guarantee you that over the next 6-12 months -2 to -4% will look just great and by the time we get back to 0-1% GDP, the markets will recover all losses because 1% GDP is extremely positive compared to no growth but down significantly from 4% which we wont see ANYTIME SOON......

 

[S2007S]

Quote from Kassz007:

Consumer spending is up which is very good news.

Consumer spending is what makes the economy go round and round, however don't expect consumer spending to create a stronger economy like we had from 2002-2008. Those days are completely over.

 

[circadian]

With an increase in consumer spending, and the massive amount of govt. spending...it's really interesting that GDP was still down that much. I haven't read any of the reports yet, but sounds like investment component is the albatross around the neck of the GDP number.

 

[Kassz007]

Quote from S2007S:

Consumer spending is what makes the economy go round and round, however don't expect consumer spending to create a stronger economy like we had from 2002-2008. Those days are completely over.

Agreed. They may not be completely over but we will not see it for a long time at least. I think the fact that the GDP decline is slowing and consumer spending is up is definitely good news for the economy in terms of the worst being over.