Alarming News

November 25, 2003

7.2 is actually 8.2

I remember when the 7.2% growth prediction came out, many people said it was overblown. In fact, it turns out to be, well, underblown. Will the tax cuts get credit? Yeah. Wait for it.

Posted by Karol at 08:59 PM |
Comments

8.2 IS THE BEST QUARTER SINCE 1984. I WONDER WHO WAS PRESIDENT AT THE TIME.

Posted by: jc at November 26, 2003 at 4:10 am

Good uppercut to follow the right hook.

Posted by: Scott S at November 26, 2003 at 8:43 am

One good quarter is nothing to get too excited about. The issue is whether the expansion will continue to grow fast enough to lower the unemployment rate. That is unclear right now.

Posted by: Dan at November 26, 2003 at 9:15 am

The only problem with such strong numbers is that the Fed will want to raise interest rates, & soon.
We should have another good employment # next week as well, judging by the weekly data.

Posted by: DTDT at November 26, 2003 at 11:08 am

Unfortunately,
I think deficit spending is going to get the credit for this stellar growth (The ugly step-child to lower taxes). Let’s not forget about what happened the last time Reaganomics were applied. EEECCHGAG….Clinton..

Posted by: DTDT at November 26, 2003 at 3:40 pm

As DTDT points out, high growth is only good if everything else is in decent shape. Bush Snr had to tackle the deficit after the previous experiment with what he termed “voodoo economics”. He took the rap for his former bosses mistakes.

Posted by: Bobby at November 27, 2003 at 8:17 am

Is this news about the quarter so good that you no longer feel the need to blog?
I mean geez. post something why dontcha.
hehehe

Posted by: you know who at November 27, 2003 at 9:05 am

…or employ some guest bloggers !

Posted by: notsoobvious at November 27, 2003 at 11:47 am

I’m sorry! I had major computer issues yesterday. Sheesh.
And P.S the call for guest bloggers is always out there.

Posted by: Kashei at November 27, 2003 at 12:18 pm
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