White House downgrades GDP numbers [NotSoBreaking] - MarketTicker Forums


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User Info	White House downgrades GDP numbers in forum [NotSoBreaking]
Passivesf Posts: 5494 Incept: 2008-02-01	President Obama quietly downgraded his own evaluation of the U.S. economy last week, issuing an updated budget that showed slower growth than he’d projected just five months ago — a striking acknowledgment of what he called economic “head winds.” http://www.washingtontimes.com/news/2012.... ---------- "Banking institutions are more dangerous to our liberties than standing armies. The issuing power of currency should be taken from central banks and restored to the people, to whom it properly belongs" 2012-07-30 10:18:04 Permalink
Landshark Posts: 11236 Incept: 2008-02-07 The Wild West	Was there any doubt? rofl ---------- Success in life is a matter not so much of talent and opportunity as of concentration and perseverance. – C. W. Wendte 2012-07-30 10:23:46 Permalink
Grumpy_bear Posts: 606 Incept: 2008-02-26 More SRS please Mistress!	It's time to eat your peas little Barack. --- With Love, your Potemkin Economy ---------- Denninger, Karl. Leverage: how cheap money will destroy the world. Hoboken: John Wiley & Sons, Inc., 2012. p. 126, par. 3. 2012-07-30 11:32:24 Permalink
Krs Posts: 685 Incept: 2009-05-07 Colleyville, Texas	From story linked above Things that make you go hmmm.... Quote: In a report issued Friday afternoon, the White House said it expects gross domestic product to grow at a rate of 4.3 percent in 2012 and 2013, or down three-tenths and four-tenths of a point, respectively. The downgrade extended through 2015, signaling a slower-than-expected recovery well into the next president’s term. What rate would that require in Q3 and Q4, somethig north of a 6? I guess we will get the downgade to the downgrade the second week of November? ---------- Fog, smoke, and mirrors... perhaps those tin-foil-hat wearing digital dickweeds were on to something? Tyler Durden on the Fed – Feb 28, 2013 2012-07-30 12:17:34 Permalink