Re: Prediction on Al Gores speech

On Fri, 29 Aug 2008 03:02:26 GMT, David <acomp1ete1y@xxxxxxxxxxxx>
wrote:


Just how did he wreck it? As well, did you notice today that 2nd
quarter GDP growth was revised up to 3.3% in the latest estimate?
That's insanely impressive considering what's been thrown at the
economy. Since when does the country have a GDP growth rate of 3.3%
during a time when the country's economy is supposedly falling apart?
And while there was a consensus that it would be revised upwards,
nobody predicted the magnitude of the revision. The economy certainly
will face challenges ahead, and it's been through some rocky times
already -- but it's remarkable that it's held up as well as it has
without a complete collapse with all that's been thrown at it. To put
things in perspective, there was at least one quarter in 1995 when the
initial GDP growth reading came in at under 1%.

How's payroll employment? Wage increases for the middle and lower
classes? Inflation? Home prices? Gas prices compared to a year ago?
The dollar vs. other currencies?

Unemployment rate is higher and inflation are higher today. But
compensation (including more than just wages) is substantially higher
in real terms today than in 1995. Housing values even with the recent
collapse are still higher in real terms than in 1995.
.

Relevant Pages

  • Re: NBC: Questions for Al Gore; by Dr. Roy Spencer
    ... He's been right about the economy far more often than the ... was predicting 5.3% GDP growth in first quater of 2006. ... look at my business ledger. ... And we keep spending and spending and spending and ...
    (rec.music.artists.springsteen)
  • Re: NBC: Questions for Al Gore; by Dr. Roy Spencer
    ... He's been right about the economy far more often than the Shrub ... was predicting 5.3% GDP growth in first quater of 2006. ... look at my business ledger. ... And we keep spending and spending and spending and ...
    (rec.music.artists.springsteen)
  • Re: (NBC) Stop the rush to nuclear war
    ... Replace our soldiers with construction workers and they will no longer feel threatened and then the Taliban will seem like a worse threat to them. ... "The economy of Pakistan is the 26th largest economy in the world in terms of purchasing power, and the 47th largest in absolute dollar terms. ... "GDP growth, spurred by gains in the industrial and service sectors, remained in the 6-8% range in 2004-06. ...
    (rec.music.artists.springsteen)
  • Re: NBC: Questions for Al Gore; by Dr. Roy Spencer
    ... He's been right about the economy far more often than the Shrub ... was predicting 5.3% GDP growth in first quater of 2006. ... look at my business ledger. ... And we keep spending and spending and spending and ...
    (rec.music.artists.springsteen)
  • Re: NBC: Questions for Al Gore; by Dr. Roy Spencer
    ... There's your GDP growth - it's all smoke & mirrors, ... United States economy has been shrinking. ... Charlie basically said that there has been no real true GDP growth ...
    (rec.music.artists.springsteen)