Economy in U.S. Grew at 5.7% Pace, Most in Six Years

[seanm123]

Re: Economy in U.S. Grew at 5.7% Pace, Most in Six Years

Economy in U.S. Grew at 5.7% Pace, Most in Six Years
http://www.bloomberg.com/apps/news?p...EDAkgBlc&pos=1

"
Jan. 29 (Bloomberg) -- The economy in the U.S. expanded in the fourth quarter at the fastest pace in six years as factories cranked up assembly lines and companies increased investment in equipment and software.
The 5.7 percent increase in gross domestic product, which exceeded the median forecast of economists surveyed by Bloomberg News, marked the best performance since the third quarter of 2003, figures from the Commerce Department showed today in Washington. Efforts to rebuild depleted inventories contributed 3.4 percentage points to GDP, the most in two decades. "

Member commentary?

All I can muster is a: LOL + facepalm,

[ThePythonicCow]

Re: Economy in U.S. Grew at 5.7% Pace, Most in Six Years

From Barry Ritholtz's Big Picture this morning:

Best Economic Gauge You’ve Never Heard Of
...
It’s the Chicago Fed’s National Activity Index (CFNAI), and it just printed for December.

Cool - thanks. That's a nice number

That number shows we dipped last year no worse than in 1974 and not that much worse than 1980.

The debt and unfunded liabilities overhang, the chronic misallocation of economic resources these last few decades, the destruction of America's productive capacity, the large imbalance in currency reserves between Western economies (negative) and the BRIC nations (positive), and the humongous corruption bezel are more worrisome. These chickens have mostly not yet come home to roost.

[sishya]

Re: Economy in U.S. Grew at 5.7% Pace, Most in Six Years

I am personally seeing hiring pickup this spring in Technology area. So please
don't ignore these news.

Will the employers pass on the $5000 as sign on Bonus to new employees, I wish.

[rjwjr]

Re: Economy in U.S. Grew at 5.7% Pace, Most in Six Years

Will the employers pass on the $5000 as sign on Bonus to new employees, I wish.

Your comment comes across as a negative slap on employers. In truth, your comment is more an ignorance of the supply/demand factors of the current labor market. Why would employers pay a $5,000 bonus to hire a new employee when so many people are unemployed and desperate for work? If you had your own business and had responsibility for payroll in the current environment, I assure you that you would not be paying bonuses to hire anyone.

I'll tell you something that your current employer will not tell you to your face, but you better take heed. It's currently taking every ounce of restraint and humanity that your current employer can muster to not fire you immediately and replace you with a lower cost exact duplicate. In fact, in your case, the replacement would be an improvement because the replacement will be more thankful for the job.

Sorry for the cold hard slap of reality, but as an employer for over 34 years, I can't tell you how many guys with your attitude have told me, as I show them the door, that the business will fail without them. Johnny Unitas, Dan Marino, Walter Peyton...terrific individual efforts, but the game goes on just fine without them. An over-estimation of your personal worth to the organization in this current environment is a dangerous stance to maintain.

So, NO, employers will not be passing along the $5,000 tax credit to new hires. For what it's worth, and in spite of your apparent assumption that employers are idiots, the incentive is not reason alone to hire anyone anyway.

[lakedaemonian]

Re: Economy in U.S. Grew at 5.7% Pace, Most in Six Years

wow 5.7%

It's like a crackhead sparking up a big fat rock and running a 100m dash......who cares if they put up a decent crack induced number.....the party's still going to end....badly.

[flintlock]

Re: Economy in U.S. Grew at 5.7% Pace, Most in Six Years

Your comment comes across as a negative slap on employers. In truth, your comment is more an ignorance of the supply/demand factors of the current labor market. Why would employers pay a $5,000 bonus to hire a new employee when so many people are unemployed and desperate for work? If you had your own business and had responsibility for payroll in the current environment, I assure you that you would not be paying bonuses to hire anyone.

I'll tell you something that your current employer will not tell you to your face, but you better take heed. It's currently taking every ounce of restraint and humanity that your current employer can muster to not fire you immediately and replace you with a lower cost exact duplicate. In fact, in your case, the replacement would be an improvement because the replacement will be more thankful for the job.

Sorry for the cold hard slap of reality, but as an employer for over 34 years, I can't tell you how many guys with your attitude have told me, as I show them the door, that the business will fail without them. Johnny Unitas, Dan Marino, Walter Peyton...terrific individual efforts, but the game goes on just fine without them. An over-estimation of your personal worth to the organization in this current environment is a dangerous stance to maintain.

So, NO, employers will not be passing along the $5,000 tax credit to new hires. For what it's worth, and in spite of your apparent assumption that employers are idiots, the incentive is not reason alone to hire anyone anyway.

[media][/media]
I think you are reading way too much into " I wish".

[ThePythonicCow]

Re: Economy in U.S. Grew at 5.7% Pace, Most in Six Years

I think you are reading way too much into " I wish".

Your video attempt fails complaining of "unsupported media type".

I don't think YouTube links are a supported media type for the iTulip forum software, sorry. To embed YouTube videos, cut+paste the "Embed" string available on the YouTube page (over to the right.) For this video, that string looks like:

<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/C6cxNR9ML8k&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/C6cxNR9ML8k&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>

and if pasted directly into your iTulip post, without any [MEDIA]...[/MEDIA] tags, results in:

[flintlock]

Re: Economy in U.S. Grew at 5.7% Pace, Most in Six Years

Thanks for the fix. I knew to use the embed, just forgot.

[rjwjr]

Re: Economy in U.S. Grew at 5.7% Pace, Most in Six Years

I think you are reading way too much into " I wish".

Quite possibly. I maybe should have counted to 10 first, but I tire of the relentless business owner bashing on multiple fronts. I maintain hope that all iTuliper's are pro-business and am caught off-guard when such potentially anti-business comments appear here.

And don't call me Fancis.

[flintlock]

Re: Economy in U.S. Grew at 5.7% Pace, Most in Six Years

Quite possibly. I maybe should have counted to 10 first, but I tire of the relentless business owner bashing on multiple fronts. I maintain hope that all iTuliper's are pro-business and am caught off-guard when such potentially anti-business comments appear here.

And don't call me Fancis.

I was just kidding with you. And I feel your pain. I am a small business owner too. But its only normal for employees to want more and our job to say NO!

[phirang]

Re: Economy in U.S. Grew at 5.7% Pace, Most in Six Years

Economy in U.S. Grew at 5.7% Pace, Most in Six Years
http://www.bloomberg.com/apps/news?p...EDAkgBlc&pos=1

"
Jan. 29 (Bloomberg) -- The economy in the U.S. expanded in the fourth quarter at the fastest pace in six years as factories cranked up assembly lines and companies increased investment in equipment and software.
The 5.7 percent increase in gross domestic product, which exceeded the median forecast of economists surveyed by Bloomberg News, marked the best performance since the third quarter of 2003, figures from the Commerce Department showed today in Washington. Efforts to rebuild depleted inventories contributed 3.4 percentage points to GDP, the most in two decades. "

Member commentary?

All I can muster is a: LOL + facepalm,

The market went down - badly, on this news.

Someone thinks we hit a top at 1150 on S&P...

[rjwjr]

Re: Economy in U.S. Grew at 5.7% Pace, Most in Six Years

The market went down - badly, on this news.

Someone thinks we hit a top at 1150 on S&P...

Maybe it's somebody simply doing God's work?