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Atlanta Federal Reserve Bank Predicts 5.4% gdp growth for Q1 2018

Discussion in 'Latest US & World News' started by AFM, Feb 4, 2018.

Page 27 of 30
  1. AFM

    AFM Well-Known Member Past Donor

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    You’ve learned nothing from my posts ??
     
    AFM, Mar 21, 2018
    #651
  2. LangleyMan

    LangleyMan Well-Known Member

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    This from the guy who cites tv talking heads as economists. Egads.
     
    LangleyMan, Mar 21, 2018
    #652
  3. LangleyMan

    LangleyMan Well-Known Member

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    There's nothing in your posts worth spit.
     
    LangleyMan, Mar 21, 2018
    #653
  4. AFM

    AFM Well-Known Member Past Donor

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    Which talking heads ??
     
    AFM, Mar 21, 2018
    #654
  5. AFM

    AFM Well-Known Member Past Donor

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    Oh my - lashing out again. Not good optics.
     
    AFM, Mar 21, 2018
    #655
  6. Giftedone

    Giftedone Well-Known Member Past Donor

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    Then why did you infer in title of the OP that 5.4% is a realistic expectation for GDP ?
     
    Giftedone, Mar 21, 2018
    #656
  7. LangleyMan

    LangleyMan Well-Known Member

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    Get a clue. Fannie and Freddie only did a quarter or so of the subprime loans.
     
    LangleyMan, Mar 21, 2018
    #657
  8. LangleyMan

    LangleyMan Well-Known Member

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    Republicans were the ones who pushed personal tax cuts.
     
    LangleyMan, Mar 21, 2018
    #658
  9. LangleyMan

    LangleyMan Well-Known Member

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    You keep perpetrating the same stupid lie.
     
    LangleyMan, Mar 21, 2018
    #659
  10. LangleyMan

    LangleyMan Well-Known Member

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    Truth hurts, does it?
     
    LangleyMan, Mar 21, 2018
    #660
  11. AFM

    AFM Well-Known Member Past Donor

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    It was according to the Atlanta Fed based on ISM data in early February.
     
    AFM, Mar 21, 2018
    #661
  12. AFM

    AFM Well-Known Member Past Donor

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    But lending standards were loosened due to HUD policies which required Fannie and Freddie to grant 55% of their mortgages to low income borrowers. Unscrupulous lenders such as Countrywide and New Century took advantage and were protected by the politicians on the “Friends of Agelo’s“ list.
     
    AFM, Mar 21, 2018
    #662
  13. AFM

    AFM Well-Known Member Past Donor

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    Republicans are the ones who “push” economic growth.
     
    AFM, Mar 21, 2018
    #663
  14. Giftedone

    Giftedone Well-Known Member Past Donor

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    Granted but not according to the data as of March 15 which means that their earlier prediction was erroneous.

    Why then would you suggest that the earlier prediction was correct when clearly it was erroneous.
     
    Giftedone, Mar 21, 2018
    #664
  15. AFM

    AFM Well-Known Member Past Donor

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    It was correct at the time it was made based on the ISM data at that time.
     
    AFM, Mar 21, 2018
    #665
  16. LangleyMan

    LangleyMan Well-Known Member

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    And the three-quarters of subprime loans that had nothing to do with Fannie and Freddie?
     
    LangleyMan, Mar 21, 2018
    #666
  17. LangleyMan

    LangleyMan Well-Known Member

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    Who are you kidding? They push business profits and tax cuts for higher income types.
     
    LangleyMan, Mar 21, 2018
    #667
  18. AFM

    AFM Well-Known Member Past Donor

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    They had something to do with the HUD policies. Again we see a government failure. Keep the government out of social engineering - that's the strong message here.
     
    AFM, Mar 21, 2018
    #668
  19. AFM

    AFM Well-Known Member Past Donor

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    That's funny. I thought you were a student of economics who understands the motivation behind supply side economics.
     
    AFM, Mar 21, 2018
    #669
  20. dixon76710

    dixon76710 Well-Known Member

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    Actually, they didn't do ANY subprime loans. Fannie and Freddie don't do home loans.
     
    dixon76710, Mar 21, 2018
    #670
  21. Steady Pie

    Steady Pie Well-Known Member Past Donor

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    I'm not.

    Living within your means is very achievable if you have a job that requires some experience (ie: if you're already done the entry level thing). I pay $160AUD a week for rent, and eat very cheaply. I don't splurge on electronics. I travel internationally once per year. I don't find it difficult to save $250 a week for investing.

    Is your situation radically different? I'm working 24-38 hours a week and study engineering full time. I can't say I have plenty of free time, but I like routine.

    Are you in an entry level job? Do you have 2 kids? Do you waste money on flashy things? If not, how are you struggling to save?
     
    Steady Pie, Mar 21, 2018
    #671
  22. PT78

    PT78 Banned

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    I have read it before. Ben Bernanke is a complete and total macroeconomic ignoramus...he is not known as Helicopter Ben for nothing.
    Check the Fed minutes just as the housing market was crashing. He and the Fed had almost NO IDEA what was going on...the economic dummies.

    http://www.businessinsider.com/fed-...-they-know-nothing-rant-was-right-2013-1?op=1

    Are you serious? The 1920/21 Depression was primarily caused by a little something called WW1. Just as there was a recession after the Civil War and WW2. American government spending went ballistic during it. And when it stopped - when the war was ended - the country went into a depression.

    And what did the U.S. government do to fight the 1920/21 depression? They lowered taxes and balanced the budget. Result? Both the DOW and the unemployment rate were back to pre-crash levels within 3 1/2 years...and the national debt actually dropped. That completely destroys the notion that you have to spend your way out of recessions/depression.

    Fast forward to the Great Depression. Hoover (despite popular notion) and FDR spent like MAD. The result? A full TEN years after the 1929 crash - the DOW never reached more then 51% of it's pre-crash high, the unemployment rate was FIVE times higher then it was in 1929 and the national debt was up by 150%.
    Which proves conclusively that government's should basically do nothing when there is a recession/depression and let the economies fix themselves.
     
    Last edited: Mar 21, 2018
    PT78, Mar 21, 2018
    #672
  23. ronv

    ronv Well-Known Member

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    https://www.cnbc.com/2018/01/18/few-americans-have-enough-savings-to-cover-a-1000-emergency.html
     
    ronv, Mar 21, 2018
    #673
    Steady Pie likes this.
  24. GoogleMurrayBookchin

    GoogleMurrayBookchin Banned

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    Oh, you're australian? You most likely have a better minimum wage than the homeland of neoliberalism.

    I'm a college student in a shitty town with a part time tech support job and a car that keeps breaking down. I buy my food based on the calorie to dollar ratio.
     
    GoogleMurrayBookchin, Mar 21, 2018
    #674
  25. AFM

    AFM Well-Known Member Past Donor

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    What is your major ?? What is your tuition ??
     
    AFM, Mar 21, 2018
    #675
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