Comments on: 1st Quarter 2008 GDP: +0.6% http://www.bizzyblog.com/2008/04/30/1st-quarter-2008-gdp/ The Business End of the Blogosphere Sun, 07 Sep 2008 10:52:45 +0000 http://wordpress.org/?v=2.5 By: TBlumer http://www.bizzyblog.com/2008/04/30/1st-quarter-2008-gdp/#comment-122047 TBlumer Wed, 30 Apr 2008 17:07:13 +0000 http://www.bizzyblog.com/2008/04/30/1st-quarter-2008-gdp/#comment-122047 #7, don't know. I don't remember seeing big govt. step-ups in the BLS numbers, but I haven't looked closely. #7, don’t know. I don’t remember seeing big govt. step-ups in the BLS numbers, but I haven’t looked closely.

]]> By: dscott http://www.bizzyblog.com/2008/04/30/1st-quarter-2008-gdp/#comment-122046 dscott Wed, 30 Apr 2008 16:59:29 +0000 http://www.bizzyblog.com/2008/04/30/1st-quarter-2008-gdp/#comment-122046 Tom, do you have a link on government/public service sector employment? The thread at NB on 22 million government jobs and their growth in employment has me thinking. The USA Today article seems fishy. It seems like they are laying the groundwork to explain away either an downtick in unemployment or a no change in unemployment report on Friday. I think we need to beat them to the punch. Tom, do you have a link on government/public service sector employment? The thread at NB on 22 million government jobs and their growth in employment has me thinking. The USA Today article seems fishy. It seems like they are laying the groundwork to explain away either an downtick in unemployment or a no change in unemployment report on Friday. I think we need to beat them to the punch.

]]> By: TBlumer http://www.bizzyblog.com/2008/04/30/1st-quarter-2008-gdp/#comment-122045 TBlumer Wed, 30 Apr 2008 15:39:34 +0000 http://www.bizzyblog.com/2008/04/30/1st-quarter-2008-gdp/#comment-122045 #5, true that. #5, true that.

]]> By: Nasty, Brutish & Short http://www.bizzyblog.com/2008/04/30/1st-quarter-2008-gdp/#comment-122041 Nasty, Brutish & Short Wed, 30 Apr 2008 14:12:29 +0000 http://www.bizzyblog.com/2008/04/30/1st-quarter-2008-gdp/#comment-122041 What drives me nuts is that even if it had showed first quarter negative growth, we still wouldn't "be in a recession." But of course, that's what all the headlines would have been: "Recession!!!!" What drives me nuts is that even if it had showed first quarter negative growth, we still wouldn’t “be in a recession.” But of course, that’s what all the headlines would have been: “Recession!!!!”

]]> By: TBlumer http://www.bizzyblog.com/2008/04/30/1st-quarter-2008-gdp/#comment-122040 TBlumer Wed, 30 Apr 2008 13:36:33 +0000 http://www.bizzyblog.com/2008/04/30/1st-quarter-2008-gdp/#comment-122040 #1, your sustainable growth point is also relevant to why oil is $117 or whatever but we can't drill for anything. #2, ADP says +10,000, FWIW, which typically hasn't been much. The big question is whether or not the total number of adults in the household survey will somehow keep going down. #1, your sustainable growth point is also relevant to why oil is $117 or whatever but we can’t drill for anything.

#2, ADP says +10,000, FWIW, which typically hasn’t been much.

The big question is whether or not the total number of adults in the household survey will somehow keep going down.

]]> By: NixGuy.com » Part of Ohio is in a Recession http://www.bizzyblog.com/2008/04/30/1st-quarter-2008-gdp/#comment-122039 NixGuy.com » Part of Ohio is in a Recession Wed, 30 Apr 2008 13:31:50 +0000 http://www.bizzyblog.com/2008/04/30/1st-quarter-2008-gdp/#comment-122039 [...] Tom notes that nationwide, we are officially still not in a recession.  Which makes sense to me.  I remember [...] […] Tom notes that nationwide, we are officially still not in a recession.  Which makes sense to me.  I remember […]

]]> By: dscott http://www.bizzyblog.com/2008/04/30/1st-quarter-2008-gdp/#comment-122038 dscott Wed, 30 Apr 2008 13:18:06 +0000 http://www.bizzyblog.com/2008/04/30/1st-quarter-2008-gdp/#comment-122038 Now we eagerly await the unemployment stats: "The Employment Situation for April 2008 is scheduled to be released on Friday, May 2, at 8:30 A.M. (EDT)." Now we eagerly await the unemployment stats: “The Employment Situation for April 2008 is scheduled to be released on Friday, May 2, at 8:30 A.M. (EDT).”

]]> By: dscott http://www.bizzyblog.com/2008/04/30/1st-quarter-2008-gdp/#comment-122037 dscott Wed, 30 Apr 2008 13:07:55 +0000 http://www.bizzyblog.com/2008/04/30/1st-quarter-2008-gdp/#comment-122037 Woohoo, no negative quarter and more importantly, no negative number under the imports. Negative GDP Import numbers are historically a leading indicator of recession. Housing has been negative since the 1st qtr of 2006 which is to be expected until housing inventories come down to match demand. My only concern is both the negative goods sector. Tom, the Dems are always going to find something to whine about. I say, let's throw something back in their faces, they have advocated for years the idea of sustainable growth or low growth, they got what they asked for. What are they complaining about? Woohoo, no negative quarter and more importantly, no negative number under the imports. Negative GDP Import numbers are historically a leading indicator of recession.

Housing has been negative since the 1st qtr of 2006 which is to be expected until housing inventories come down to match demand.

My only concern is both the negative goods sector.

Tom, the Dems are always going to find something to whine about. I say, let’s throw something back in their faces, they have advocated for years the idea of sustainable growth or low growth, they got what they asked for. What are they complaining about?

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