Utopia Talk / Politics / US q3 Growth

habebe Member	Thu Oct 29 04:13:06 Is expected to be released today... Let's just say Trump will lile the numbers ( huge) and Jergul can pre emptivley suck it.
jergul large member	Thu Oct 29 07:50:10 What is your expectation of yoy (3q19-3q20) contraction?
Habebe Member	Thu Oct 29 08:03:34 Well, Using your method of " Not cherry picking, just using the most recent data available", pretty good. But more seriously, IDK since the stimulus didn't come through and the election could change things drastically for q4. Regardless q3 will be an impressive bounce back up.
jergul large member	Thu Oct 29 08:03:38 Look what I found: "EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, Thursday, October 29, 2020" "Current‑dollar GDP increased 38.0 percent, or $1.64 trillion, in the third quarter to a level of $21.16 trillion. In the second quarter, GDP decreased 32.8 percent, or $2.04 trillion (tables 1 and 3)" Note how percentages work. If you lose a certain %, then you need a larger percent to regain what was lost.
Habebe Member	Thu Oct 29 08:08:17 You act like no one knew.we had the worst drop we have evwr had, he favt is we are on the way back up at an insane rate. Curiosity whats your.cite?
jergul large member	Thu Oct 29 08:10:12 Wow, the numbers dont even add up. A 2 trillion stimulus pricetag to get a 1.64 trillion impact on gdp.
Habebe Member	Thu Oct 29 08:10:41 Hows Norways economic growth going? It must be astronomical like +12%, right?
jergul large member	Thu Oct 29 08:11:13 Only the best cite! http://www...-quarter-2020-advance-estimate They screwed up the embargo :D
sam adams Member	Thu Oct 29 11:25:38 You posted it after the embargo time ended.
sam adams Member	Thu Oct 29 11:26:15 Perhaps time zones confuse you
sam adams Member	Thu Oct 29 11:29:45 Anyway poor seb. Some brits get it though. http://mob...age/status/1321814547108401152
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