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.

[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?

[merrylander]

It is falling short because the effing dollar is at an all time high and that affects exports. In short we have too much of a good thing.

[Pio1980]

Actually proof that the recovery is progressing in spite of despicable efforts to sabotage the US economy to degrade the admin's stature.
Note to Turd Cruz, you still owe the country 24 bil' on lost commerce.

Sent from my SM-N900V using Tapatalk

[whell]

Originally Posted by merrylander

It is falling short because the effing dollar is at an all time high and that affects exports. In short we have too much of a good thing.

Bingo. One of many possible bingo's actually.

[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.

[whell]

Originally Posted by 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?

Is it the envy of, say, Switzerland?

Either taxes are too low for the rate of US gov't spending, or spending is too high for the level of taxation that is being levied in the US. Frankly, I think both spending and taxation are pretty far out of whack, but the tax code of so effing complicated - purposefully kept that way by our elected class - that its almost impossible to keep a handle on it. Here's a balanced look at the big picture.

http://www.businessinsider.com/history-of-tax-rates

Also, kudos to you for your continued attempts at historical revisionism, but both parties - the White House and Congress - brought us sequestration.

http://www.politifact.com/georgia/ar...sequestration/

Whose fault is the sequester?

Both the White House and Congress, Democrats and Republicans, signed off on the agreement leading to the sequester.

Whose idea was it?

It was Obama’s idea, but Republicans agreed to it and provided key support.

[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.