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Thread: Frigid winter takes toll as US GDP contracts for first time in 3 years

  1. #11

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    Something changed! NBC is no longer saying "unexpectedly".

    That's unexpected.

  2. #12

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    Quote Originally Posted by Ryanferr View Post
    Short-term weather does not destroy demand, but often times delays it. While Q1 was weak, all signals are pointing to a robust Q2 as demand shifts. Don't confuse economic noise with indication.
    Like consumer spending down .1% in April? April wasn't cold.

  3. #13

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    Quote Originally Posted by adorduan View Post
    Like consumer spending down .1% in April? April wasn't cold.
    That is just one indicator for one month.
    The answers are in the data

  4. #14

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    Quote Originally Posted by Ryanferr View Post
    That is just one indicator for one month.
    Add that to the 1st quarter revised numbers and you have 4 months in a row. Exactly what constitutes a trend in your world?

    .

  5. #15

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    Quote Originally Posted by Ryanferr View Post
    That is just one indicator for one month.

    Must be the weather again. It is getting hot out there.

    US manufacturing sector grows, speed slows: ISM

    The pace of growth in the U.S. manufacturing sector unexpectedly slowed in May, an industry report released on Monday showed.

    The Institute for Supply Management (ISM) said its index of national factory activity fell to 53.2 last month from 54.9 in April, coming in shy of the 55.5 expected according to a Reuters poll of economists.


    http://www.cnbc.com/id/101722830

  6. #16

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    Quote Originally Posted by Silver and Gold View Post
    Must be the weather again. It is getting hot out there.

    US manufacturing sector grows, speed slows: ISM

    The pace of growth in the U.S. manufacturing sector unexpectedly slowed in May, an industry report released on Monday showed.

    The Institute for Supply Management (ISM) said its index of national factory activity fell to 53.2 last month from 54.9 in April, coming in shy of the 55.5 expected according to a Reuters poll of economists.


    http://www.cnbc.com/id/101722830
    Q2 may end up being below estimates. That is certainly a possibility. The difference is I would rather wait for the data to come out before rendering an opinion. Keep in mind 53.2 is still growth, just not as much growth as we had hoped, so the doom and gloom agenda is still off base.
    The answers are in the data

  7. #17

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    Raw Data: 13.4% of Michigan households can't afford enough food

    On average, 13.4% of Michigan’s households were “food insecure” — meaning they are uncertain or unable to find the resources to provide enough food to adequately feed everyone in the household — between 2010 and 2012. Michigan’s food insecurity rate is similar to the U.S. average of 14.7%, according to data compiled by the U.S. Department of Agriculture.

    Nationwide, North Dakota had the lowest rate of food insecurity, at 8.7%, and Mississippi had the highest, at 20.9%.




    Siemens to Shed 11,600 Positions as Company Cuts Costs

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