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Post by clinton on Apr 27, 2018 7:47:14 GMT -5
No better than Obama GDP
GDP, the value of all goods and services produced within the US, increased at an annualized rate of 2.3%, down from 2.9% in the fourth quarter. Economists polled by Bloomberg had forecast 2% growth.
Peter Schiff going to go off on 2.3 GDP
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Post by clinton on Apr 27, 2018 7:52:42 GMT -5
Looking at the components, the biggest cause for the drop in GDP was the sharp slowdown in Personal consumption, which rose only 1.1% in 1Q, in line with expectations, after soaring 4.0% prior quarter, this was the weakest quarter for US consumer spending since 2Q 2013.
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Post by clinton on Apr 27, 2018 7:55:00 GMT -5
Inventories were the biggest swing factor, adding 0.43% to GDP after subtracting 0.53% in Q4
Exports dropped from 0.83% to 0.59%, while Imports subtracted 0.39% from GDP vs -1.99% in Q4. On net, trade contributed 0.20% to GDP, after subtracting -1.2% in Q4.
Finally government added 0.2% to Q1 GDP
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Post by novie08 on Apr 27, 2018 9:40:58 GMT -5
Looking at the components, the biggest cause for the drop in GDP was the sharp slowdown in Personal consumption, which rose only 1.1% in 1Q, in line with expectations, after soaring 4.0% prior quarter, this was the weakest quarter for US consumer spending since 2Q 2013. Maybe they won't continue to raise rates.... |
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Post by clinton on Apr 27, 2018 9:51:27 GMT -5
5 min obv is SO BEARISH it lower than yesterdays low.
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Post by clinton on Apr 27, 2018 9:52:01 GMT -5
Looking at the components, the biggest cause for the drop in GDP was the sharp slowdown in Personal consumption, which rose only 1.1% in 1Q, in line with expectations, after soaring 4.0% prior quarter, this was the weakest quarter for US consumer spending since 2Q 2013. Maybe they won't continue to raise rates.... I think they have to to slow down inflation. |
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Post by walnut on Apr 27, 2018 10:22:38 GMT -5
The risk is that they run out of tools in the tool box. Paint themselves into a corner like at times in the 70's and 80's with weak stock market and high inflation.
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Post by clinton on Apr 27, 2018 13:22:55 GMT -5
SOLD for .59 +11% needed a morale booster after yester plus earnings are monday |
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Post by theMist on Apr 28, 2018 23:06:09 GMT -5
May have a new guy posting to the board Had long talk with Verizon rep at local Verizon store and turns out he trades Told him about Faz ProBoards and all about shorting volatility  |
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