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80% not bullish

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#21 OEXCHAOS

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Posted 30 July 2020 - 12:15 PM

[quote name="pdx5" post="829993" timestamp="1596123167"]

32.9% drop in 2nd quarter GDP is nothing to sneeze at.
 
Can the Niagara Falls of money from FED be enough to prop up the market?
Very interesting times lie ahead.
 

I think when you have the reserve currency and the Fed does it right, they can print to infinity. Or close enough that the levels dont really ever matter. The Fed has that part figured out atleast.

That's annualized (which is stupid, if you ask me). The quarterly drop was 8% (subject to revision!!!). Bad, yes, but not 32.9%. Think on why they reported it that way...


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#22 LMF

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Posted 30 July 2020 - 01:33 PM

GDP is one of the most useless calculations ever invented.....and it supposedly includes government spending however they measure that. The structural part without govt spending would be useful for gauging the economy but we dont get that. Its a spending calculation at best......on what, re painting the golden gate Bridge every day? If we want GDP to go up just get more paint.

#23 orange

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Posted 30 July 2020 - 01:41 PM

GDP is always reported on an annualized basis by the Bureau of Economic Analysis. Of course they release the quarterly numbers as well. Still doesn't look good on quarterly basis.

BrqLvQn.png


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#24 redfoliage2

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Posted 30 July 2020 - 02:26 PM

Overnight bears can hope a repeat of last night, there is a real possibility though ..................



#25 pdx5

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Posted 30 July 2020 - 04:43 PM

That's annualized (which is stupid, if you ask me). The quarterly drop was 8% (subject to revision!!!). Bad, yes, but not 32.9%. Think on why they reported it that way...

 

 

Excellent point! Sounds similar to Zero Line Budgeting.


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#26 jacek

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Posted 30 July 2020 - 06:39 PM

hmmm

 

https://twitter.com/...856985841131520



#27 da_cheif

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Posted 03 August 2020 - 07:09 AM

how low was it in march 09?      6750n0