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| Economy |
| Second Quarter GDP growth much worse than earlier estimated |
| 2012-09-28 |
| From the US Commerce Dept Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 1.3 percent in the second quarter of 2012 (that is, from the first quarter to the second quarter), according to the "third" estimate released by the Bureau of The GDP estimate released today is based on more complete source data than were available for the "second" estimate issued last month. In the second estimate, the increase in real GDP was 1.7 percent... This information had been known about a week ago by the Federal Reserve Board. This is probably why they went to yet another quantitative easing. |
| Posted by:lord garth |
| #5 Job Corpse? Sure why not. |
| Posted by: Shipman 2012-09-28 15:21 |
| #4 for those of you against quantitative easing, just remember that if the Fed didn't do that there would be more pressure for another Stimulus or a new 'job core' or who knows what else the good thing about quantitative easing is that it can be unwound much quicker than a fiscal action |
| Posted by: lord garth 2012-09-28 13:49 |
| #3 If we keep wages-low and land/house prices high people will have more money for the economy... Hey that sounds a bit wrong.... |
| Posted by: Bright Pebbles 2012-09-28 09:59 |
| #2 I've got an idea. What if the Federal Reserve Board buys up all of the bad mortgages along with all failing business debt from all of the banks. As a pre-conditon, the banks will be instructed to buy US Treasury bonds from the money the Fed sends them. The Fed can then bundle the mortgages as collarteral to buy foreign bonds and currency. That way, when the ship begins to sin, everybody goes down together and a new global monetary scheme is developed. Oh wait! |
| Posted by: Besoeker 2012-09-28 07:43 |
| #1 Unexpectedly? |
| Posted by: g(r)omgoru 2012-09-28 04:36 |