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CyberKen

USA GDP Grows 2.8% In Spite Of Obama ACA !

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CyberKen

The U.S. Economy continues to grow. There is no recession here in the USA.

The full report is at the link below:

http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

The U.S. Economy grew at a 2.8% rate for Q3 2013.

The United States GDP is now $16.857 Trillion.

America is still an economic and military superpower. :tu:

post-142056-0-67891100-1383844978_thumb.

Grow the Private Sector , not the government !

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Vlad the Mighty

Does this prove that the U.S. still a military Superpower, if, as you'd no doubt say, the world doesn't respect it it any more under Mr. O? And if it was still a military Superpower, would that really be anything to gloat in triumph about? I thought the whole point of the T Party was that they wanted less powerful government and to let the People have more of a say. How does that fit with being a military Superpower? Or is that what the T Party would spend all the money they'll save, once they've scrapped Obamacare and got rid of the Defict, on?

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CyberKen

Does this prove that the U.S. still a military Superpower, if, as you'd no doubt say, the world doesn't respect it it any more under Mr. O? And if it was still a military Superpower, would that really be anything to gloat in triumph about? I thought the whole point of the T Party was that they wanted less powerful government and to let the People have more of a say. How does that fit with being a military Superpower? Or is that what the T Party would spend all the money they'll save, once they've scrapped Obamacare and got rid of the Defict, on?

In order to be a military superpower, you must also be an economic superpower.

I guess in order to understand the Tea Party you are going to have to actually - Read the Mission Statement - and just stop guessing

what the Tea Party stands for.

- Seek The Truth -

http://www.teapartyexpress.org/mission

I guess one option is to conveniently ignore the Tea Party Mission Statement and just start making things up. That might work !

-------

BTW, we need to have our U.S. Economy stable so we can pay the members of the U.S. Military and provide them with

state-of-the-art weapons and supplies. :tu:

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hacktorp

- Seek The Truth -

Yes...the REAL truth:

3Q GDP actually DECREASED $58.4 Billion. And here's why:

The Fed is "creating" $85 billion a month in "QE", injecting it into the economy. These funds are immediately spent and thus "count" in GDP (all goods and services sold, remember?)

So the actual amount of economic activity for which trade occurs must have the QE amount subtracted back out.

The BEA's GDP tables tell us that the gross change in GDP from 2Q -> 3Q was $196.6 billion. But the Fed's QE program injected $255 billion, so in fact the economy shrank during the 3rd quarter.

When people tell you that they believe the economy is in a recession, as a recent survey said was commonly believed -- they're right.

http://market-ticker.org/akcs-www?post=225788

Desperate governments say desperate things...believe the truth, not the hype.

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CyberKen

Yes...the REAL truth:

3Q GDP actually DECREASED $58.4 Billion. And here's why:

The Fed is "creating" $85 billion a month in "QE", injecting it into the economy. These funds are immediately spent and thus "count" in GDP (all goods and services sold, remember?)

So the actual amount of economic activity for which trade occurs must have the QE amount subtracted back out.

The BEA's GDP tables tell us that the gross change in GDP from 2Q -> 3Q was $196.6 billion. But the Fed's QE program injected $255 billion, so in fact the economy shrank during the 3rd quarter.

When people tell you that they believe the economy is in a recession, as a recent survey said was commonly believed -- they're right.

http://market-ticker...www?post=225788

Desperate governments say desperate things...believe the truth, not the hype.

The Truth: The U.S. Economy GDP is currently $16.857 Trillion.

You have the option to run away from that truth but it is what it is. The USA is an economic superpower.

Yes, the Federal Reserve is Monetizing The Debt....aka....quantitative easing. We learned that cute little trick from Great Britain. It works!

-----

Also, our Fortune 500 Corporations are the envy of the world.

Go check it out for yourself.

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acidhead

There has been no recovery - just a cover up.

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CyberKen

There has been no recovery - just a cover up.

With a Republican / Tea Party President of the United States we would be growing at 5% right now.

A lot of our corporations are in a bunker mentality because we have a Secular Progressive in the White House.

The Good News is that we clearly have Obama on the defensive:

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George Ford

Yes...the REAL truth:

3Q GDP actually DECREASED $58.4 Billion. And here's why:

The Fed is "creating" $85 billion a month in "QE", injecting it into the economy. These funds are immediately spent and thus "count" in GDP (all goods and services sold, remember?)

So the actual amount of economic activity for which trade occurs must have the QE amount subtracted back out.

The BEA's GDP tables tell us that the gross change in GDP from 2Q -> 3Q was $196.6 billion. But the Fed's QE program injected $255 billion, so in fact the economy shrank during the 3rd quarter.

When people tell you that they believe the economy is in a recession, as a recent survey said was commonly believed -- they're right.

http://market-ticker...www?post=225788

Desperate governments say desperate things...believe the truth, not the hype.

Hi,

good info but I need more, that looks like a little snippet. Do you have links to any more info like this. Cos all that will happen with printing money is that inflation will rise and that creates more problems. The US could stop being a military super power and save trillions ever year to combat the debt instead.

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Kowalski

The Truth: The U.S. Economy GDP is currently $16.857 Trillion.

You have the option to run away from that truth but it is what it is. The USA is an economic superpower.

Yes, the Federal Reserve is Monetizing The Debt....aka....quantitative easing. We learned that cute little trick from Great Britain. It works!

-----

Also, our Fortune 500 Corporations are the envy of the world.

Go check it out for yourself.

QE doesn't work and it never has.....

quantitative_easing.jpg

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hacktorp

The USA is an economic superpower.

Absolutely. A declining economic superpower that is moving inexorably into balance with the rest of the world. Even a military pumped up by artificial deficit spending won't stop the global re-balance.

The rest of the world is rapidly organizing for the post-US-hegemonic economy. We should too.

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Kowalski

Hi,

good info but I need more, that looks like a little snippet. Do you have links to any more info like this. Cos all that will happen with printing money is that inflation will rise and that creates more problems. The US could stop being a military super power and save trillions ever year to combat the debt instead.

While I think that is a noble, and good idea, the Democrats and Republicans would never allow it, because they both love war to much.....apparently bombing and killing Brown people with state of the art weapons is patriotic.....

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CyberKen

QE doesn't work and it never has.....

quantitative_easing.jpg

Oh yes , IT DOES WORK !

Quantitative Easing allowed the Federal Reserve to buy U.S. Treasury Notes and keep the interest rates very low.

- We are sitting on a $$$ Trillion Debt Bomb. QE has disarmed the Debt Bomb. -

The Interest on the debt slice of the pie is currently small because of the QE Band-Aid.

Would you like to see that slice - double or triple - in size ??? Think carefully before answering that very important question.

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CyberKen

While I think that is a noble, and good idea, the Democrats and Republicans would never allow it, because they both love war to much.....apparently bombing and killing Brown people with state of the art weapons is patriotic.....

Food For Thought : You do not deter with obsolete weapon systems.

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CyberKen

Absolutely. A declining economic superpower that is moving inexorably into balance with the rest of the world. Even a military pumped up by artificial deficit spending won't stop the global re-balance.

The rest of the world is rapidly organizing for the post-US-hegemonic economy. We should too.

Declining ??? Why is the US GDP just about ready to jump over $17 Trillion after Christmas 2013?

I think it may have something to do with Americas financially strong middle class.

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hacktorp

Hi,

good info but I need more, that looks like a little snippet. Do you have links to any more info like this. Cos all that will happen with printing money is that inflation will rise and that creates more problems. The US could stop being a military super power and save trillions ever year to combat the debt instead.

There is tons of available information out there, especially right now since so many 'establishment' finanacial experts are beginning to speak out. Printing money is a short road to ruin, you're correct. But there are bigger things going on right now internationally that signal the end of Fed primacy...the QE money printing is really buying short bits of time in order that things might get sorted out...the US can NEVER hope to legitimately grow its way out of the fiscal mess it is in.

Reset/re-balance is the only solution.

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Vlad the Mighty

With a Republican / Tea Party President of the United States we would be growing at 5% right now.

yes, they could just go out and pick some of that money that grows on trees.

(Does your continual use of the word Secular when referring to the current President mean that you'd prefer a theocracy, incidentally?)

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hacktorp

We learned that cute little trick from Great Britain. It works!

Sure it does...just ask the Weimar Republic.

Let's face it...all-out war has been the traditional solution to deep fiscal profligacy. If we are going to take that off the table this time, we will need to settle accounts with the rest of the world. That means a do-over.

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CyberKen

yes, they could just go out and pick some of that money that grows on trees.

(Does your continual use of the word Secular when referring to the current President mean that you'd prefer a theocracy, incidentally?)

No, the Tea Party / GOP President could remove something called " uncertainty " by getting rid of ObamaCare.

A Tea Party / GOP President could also do something called a Tax Repatriation Act. $$$ Billions could return to the USA.

It has been done before.

With ObamaCare gone America would no longer be a Part Time Nation. (Less then 30 hours)

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Yamato

The Fed can't remove the QE without removing the recovery.

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CyberKen

Sure it does...just ask the Weimar Republic.

Let's face it...all-out war has been the traditional solution to deep fiscal profligacy. If we are going to take that off the table this time, we will need to settle accounts with the rest of the world. That means a do-over.

I have noticed that Switzerland rides out all of these wars just fine.

They also have a very low unemployment rate. Check out Davos.

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CyberKen

The Fed can't remove the QE without removing the recovery.

The QE also keeps the U.S. Stock Market sky high. :tu:

Many Americans have 401K's invested in the stock market.

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Yamato

The QE also keeps the U.S. Stock Market sky high. :tu:

Many Americans have 401K's invested in the stock market.

The Fed keeps the bubble intact for longer and that's the kind of control over the economy these good for nothing self righteous bipartisan entitlement holders want. If we're still this collectively stupid not to see what's going on after the last two bubbles, we collectively deserve the third and largest to come. If you want to play politics around this issue that transcends politics, it might come crashing down after 2016, maybe before. Whenever it happens, it will be felt politically because the greatest entitlement Americans have is to the economy. For instance, I hear no end to you combining Obama and the US economy together in political snippets.

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hacktorp

The QE also keeps the U.S. Stock Market sky high. :tu:

Many Americans have 401K's invested in the stock market.

All of which should scare the hell out of anyone who cares...just like it does to increasing numbers of money managers:

Barry Sternlicht Warns "Everyone Is Holding Cash Because They Know When It Ends It's Gonna Get Ugly"

http://www.zerohedge.com/news/2013-11-05/barry-sternlicht-warns-everyone-holding-cash-because-they-know-when-it-ends-its-gonn

When this kind of interview shows up on CNBC, of all places (2 days ago), people might wish to remove their rosy glasses and pay attention.

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Yamato

Holding cash is even more stupid than holding stocks because stocks have real earnings while the Dollar has real shrinkage. Any money manager holding cash instead of equities is a coward, not a genius.

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hacktorp

The days of holding stocks for their dividend value are in the past...and hopefully in the future. Today it's more about the stock price casino.

Money managers, cowards though they may be, are worried that an upcoming drop in prices (correction) may far outstrip any near-term dollar shrinkage.

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