Rightard Thanks Dumbya for the Economy
Bret Cahill
catch on.
Bret Cahill
On Dec 23 2003, 7:07 am, "Billary"
<bill...@vastrightwingconspiracy.com> wrote:
> Economy gathering momentum
> U.S. GDP growth could be above 5% in Oct.-Dec. quarter
>
> By Gregory Robb, CBS Marketwatch.com
> Last Update: 3:30 PM ET Dec. 19, 2003
>
> WASHINGTON (CBS.MW) - The strict definition of momentum is the product
> of a body's mass and linear velocity. In sports, momentum is the elusive
> factor that can turn a match in a matter of moments.
> Whatever it is, the U.S. economy has it.
>
> Economic data to be released next week is expected to show the economy
> gaining momentum as the fourth quarter comes to a close.
>
> "It is getting hard to hold the growth estimate for the fourth quarter
> under 5.0 percent," said Carl Tannenbaum, chief economist at LaSalle Bank
> and ABN Amro North America in Chicago.
>
> "Things are looking pretty good," said Josh Shapiro, economist at MFR
> Inc.
>
> Capital spending takes the reins
>
> One interesting fact is that Christmas sales appear sluggish so far.
> Leadership in the economy has been passed to capital spending from the
> consumer.
>
> "The manufacturing sector is leading things. You have an inventory
> cycle and strong demand and capital spending is revving up. Consumers will
> get another bump in the first quarter with tax refunds," Shapiro said.
>
> The biggest figure of the week is durable goods orders, the best
> economic indicator of capital spending.
>
> "The strength of the recovery process next year is going to be very
> much linked to what takes place in capital spending," said William Sullivan,
> executive director at Morgan Stanley Dean Witter.
>
> Economists expect durable goods to rise 0.5 percent in November,
> following a 3.4 percent rise in October.
>
> Although the headline number won't be as impressive as October's
> increase, analysts say there is no doubt that industry is firming.
>
> "The underlying detail ought to be strong," Shapiro said.
>
> GDP revisionists
>
> The Commerce Department will also release its final estimate for third
> quarter GDP. The current estimate is that the economy expanded at an 8.2
> percent annual rate, its highest rate in nearly 20 years.
>
> The final revision is unusual because it will include information from
> the annual benchmark revisions that went back to 1929.
>
> Economists don't expect much change in Q3 GDP - the consensus is for
> growth to be unrevised - but some economists admitted that economists have
> no clear sense of how the revisions will alter the third quarter growth
> rate.
>
> Analysts will also be looking for real-time clues to the strength of
> the holiday shopping season from the weekly chain store sales index and the
> University of Michigan consumer sentiment index.
>
> The UMich index unexpectedly fell to 89.6 in December from 93.7 in
> November as consumers expressed impatience with the pace of job growth in
> the recovery. Economists expect the index to bounce back to 91.6 in the late
> December reading.
>
> "If sentiment doesn't bounce back a bit, that could spell some more
> fundamental problems for the holiday shopping season. It would help explain
> why some of the early sales totals for the Christmas season have been
> disappointing," Sullivan said
(David P.)
>
> Reposting comments from earlier in the
> Bush years could catch on.
> [...]
What does the world population doubling in
the last 40 years, and uneven development
amongst the world's nations have to do with
the economy, in the U.S. and elsewhere?
.
.
--
Michael Coburn
The population problem is real and not to be ignored. But the borrow and
borrow and borrow economics plan of the Republican political machine is
an economic malfeasance all on its own.
Shawn
"Michael Coburn" <mik...@verizon.net> wrote in message
news:gg6uf...@news4.newsguy.com...
The increase in population could have a huge effect on economies, especially
when it is uneven growth. Actually, one of the strengths of China's economy
is that it has such a large, cheap workforce that is relatively well
educated. It makes it hard for Western economies to compete.
Joe
unless you think there are unlimited natural resources and arable land
for people to live. Go to India or China and tell me if you want to
live in a place with wall to wall people.
Rod Speed
>>> Reposting comments from earlier in the Bush years could catch on.
>> What does the world population doubling in the last 40 years,
>> and uneven development amongst the world's nations have
>> to do with the economy, in the U.S. and elsewhere? .
> The population problem is real
Not in the first world it isnt anymore.
> and not to be ignored.
We can ignore it with complete impunity, you watch.
> But the borrow and borrow and borrow economics plan of the Republican
> political machine is an economic malfeasance all on its own.
Corse no one but the Repugs ever do anything like that, eh ?
ro...@telus.net
<imb...@mindspring.com> wrote:
>What does the world population doubling in
>the last 40 years, and uneven development
>amongst the world's nations have to do with
>the economy, in the U.S. and elsewhere?
Same thing rising population and progress have always meant:
Fixed land base + rising population = lower wages + higher rents
-- Roy L