U.S. Economic Data Have Been the World's Most Disappointing

[whell]

http://www.bloomberg.com/news/articl...g-in-the-world

Overall, U.S. economic data have been falling short of prognosticators' expectations by the most in six years.

There's been one notable exception to the gloom, and it's a big one: payrolls. The economy added 295,000 jobs in February and 1.3 million over four months, a reflection of a healthier labor market in which the unemployment rate has fallen to the lowest in almost seven years.

Most everything else? Blah.

This month alone, personal income and spending, manufacturing as measured by the Institute for Supply Management, auto sales, factory orders, and retail sales have all come in a bit weak.

[d-ray657]

From the same article:

"The surprise shortfall in the U.S. doesn't necessarily mean the world's largest economy is in dire straights. It's just falling short of some perhaps overly elevated expectations."

OMG, the economy is . . . steady.

Regards,

D-Ray

[Dondilion]

Headline designed to mislead.

[whell]

Originally Posted by d-ray657

From the same article:

"The surprise shortfall in the U.S. doesn't necessarily mean the world's largest economy is in dire straights. It's just falling short of some perhaps overly elevated expectations."

OMG, the economy is . . . steady.

Regards,

D-Ray

Steadily flat. IMHO ridiculously so.

http://www.multpl.com/us-gdp-growth-rate

This is what you get when the economy is "centrally managed" via keeping interest rates low and gov't spending high.

[noonereal]

Originally Posted by whell

Steadily flat. IMHO ridiculously so.

http://www.multpl.com/us-gdp-growth-rate

This is what you get when the economy is "centrally managed" via keeping interest rates low and gov't spending high.

Hey Whelly, I saw you and the wife in the park yesterday. Very touching.

[Tom Joad]

Ever since Obama took office the right has been hoping and praying for bad things to happen to America so that they can blame it on him. And when bad don't happen they make shit up.

[Boreas]

Originally Posted by Tom Joad

Ever since Obama took office the right has been plotting and scheming for bad things to happen to America so that they can blame it on him. And when bad don't happen they make shit up.

Fixed now.

[whell]

Originally Posted by noonereal

Hey Whelly, I saw you and the wife in the park yesterday. Very touching.

Nice to see you too, though it looks like you were pissed off about something, as usual.

[noonereal]

Originally Posted by whell

Nice to see you too, though it looks like you were pissed off about something, as usual.

nah, just hung over

[finnbow]

The US economy is the envy of the developed world right now. Can you imagine how screwed up it would be if the GOP had been able to foist austerity measures on us?