GDP drops in 4th qtr.

Discussion in 'The Okie Corral' started by Mr981, Jan 30, 2013.

  1. Mr981

    Mr981

    Messages:
    3,107
    Likes Received:
    1,884
    Joined:
    Dec 27, 2000
    Location:
    N. E. OH
    http://www.cnbc.com/id/100419252

    Another one of those "didn't see it coming stories" from the financial gurus.

    So, the first of a few down quarters (recession) or just a fluke?
     
  2. aircarver

    aircarver Descent Terminated Silver Member

    Messages:
    33,300
    Likes Received:
    14,487
    Joined:
    May 26, 2002
    Location:
    Ft. Worth, Republic of Texas
    Communism doesn't work; never has.

    When the "other people's money" runs out, everything crashes.

    .
     

  3. rj1939

    rj1939

    Messages:
    10,211
    Likes Received:
    13,354
    Joined:
    Jul 18, 2008
    Location:
    Where the movie "Poor White Trash" was filmed
    England is heading into a triple dip recession...........the Royal Bank of Scotland said they are in an economy worse than the GD. Benji will blame them for it all.

    The lies and schemes are wearing thin, everybody knows it is getting worse.
     
  4. czsmithGT

    czsmithGT

    Messages:
    20,145
    Likes Received:
    14,496
    Joined:
    Jan 8, 2004
    It's Bush's fault.
     
  5. Restless28

    Restless28

    Messages:
    16,152
    Likes Received:
    2
    Joined:
    Jun 10, 2008
    Location:
    Solsbury Hill
    The recession that never ends.

    Wait until the debt bubble bursts.

    We're screwed. Interest rates have to remain low due to all of the debt incurred. If they rise, the fragile economy will crash. It's a no win scenario. We're in a hole that gets deeper by the day. As soon as Obamacare really kicks in, watch for the hole to get very deep.

    There isn't a politician that can save us.
     
  6. Slug71

    Slug71

    Messages:
    4,505
    Likes Received:
    15
    Joined:
    Mar 7, 2010
    Location:
    Oregon - U.S.A
    Agreed.
     
  7. Flying-Dutchman

    Flying-Dutchman

    Messages:
    9,482
    Likes Received:
    7,244
    Joined:
    Oct 10, 2007
    Obama won is the reason.

    And the 4th quarter does not factor in 2013’s tax increases and spending cuts coming in March for another GDP hit.

    Meanwhile, the stock market yawned. Damn the torpedoes, full speed ahead to-da-moon!