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Hey Q Did CBO Forecast This?

  1. lady_love158 profile image59
    lady_love158posted 5 years ago

    http://www.telegraph.co.uk/finance/fina … talls.html

    Seems the gov estimate of growth was revised DOWN below expectations! So should we cheer about how the economy.is improving? Should we still trust CBO estimates?

    1. profile image0
      Nick Lucasposted 5 years ago in reply to this

      During my years trading on the open market, I learned that the info the gov puts out is always wrong and later revised.  The economy is going to get worse, just look at who Obama appointed as head economic advisor today.

    2. John Holden profile image59
      John Holdenposted 5 years ago in reply to this

      Well done!  An article from a UK right wing anti-Obama rag!

      From the end of the article:-

      "The report also showed that after-tax corporate profits increased 4.1pc in the second quarter after edging up 0.1pc in the first three months of the year.

      It also showed inflation pressures abating, with the personal consumption expenditures price index rising at a 3.2pc rate. That compared to 3.9pc in the first quarter."

      Tut, terrible, profits up, price index dropping, oh what a mess.

      1. profile image0
        Nick Lucasposted 5 years ago in reply to this

        Maybe so but businesses are still not hiring because of Obama's regulations that create an uncertain market......but then again I guess I am a right wing anti-obama rag haha.....

        1. John Holden profile image59
          John Holdenposted 5 years ago in reply to this

          Funny, I thought that it was our Gordon Browne who was responsible for global recession, not Obama!

          I wish you would tell our press so that they could stop blaming him.

      2. lady_love158 profile image59
        lady_love158posted 5 years ago in reply to this

        But doesnt the fed think we need a little.inflation? If prices are dropping that means demand remains weak, and if corporations are to remain profitable in the face of weakening demand, that means they will be laying off. Remember, profitability is the reason corporations exist, they will find ways to achieve that in whatever environment.

        1. John Holden profile image59
          John Holdenposted 5 years ago in reply to this

          After tax profits up 4.1%.
          Drop prices of goods and increase demand, no indication of weakening demand.

 
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