GDP Falls by 2.9% in Q1 14

I wasn't sure you were talking to me in the first place. It is not my job to educate you, although I did make a suggestion. Grammar isn't your only deficit. That is my opinion. You should also be able to comprehend most of the opinions I express within this forum, even when you disagree with them.

Boiler would be satisfied with massive across the board spending cuts.

CBC



Washington Post

Chilly neglects to mention that q4 came in below the 3% expectations. For the year GDP came in at a mediocre 2.4%. The stock market was so impressed with this data that it went down 250 points.

I expected a lot better. I bet there will be an upward revision....but it's back to the plodding trend. It will take time for the positive effects of reduced energy costs to cycle through the economy while some of the negative impacts like reduced Capex were more immediate. The same will likely hold true for employment.

Also note the big negative change in net exports isn't an indication of a deteriorating economy as it doesn't reflect a reduction of exports but rather an increase in consumer spending on imports. That export number could change this year with trouble in the Eurozone.

Also, those charts really show what an outlier Q1 14 was....especially when it was revised to -2.9..which was the original thread starter.

Q1 15 will likely be another tug of war between the negative impacts of reduced oil prices on our nascent shale oil industry and the positive impacts of low gas prices that will ripple through the economy. I think low energy costs win and look for an eventual breakout from this plodding...but then again that weather effect that hit in Q1 14 may have already reared again in 1Q 15.

How pathetically reading comprehension challenged are you, hoops? Chilcoot not only posted the information you're whining about, he even underlined it for you! Sheesh....

Does Melon even have a job?

So you are defending hoops' inability to read? Facts are confusing you also, I see.

Sheesh! Liberals and their low expectations. These are the same people that think the only way for a large segment of the population to have a decent standard of living is by giving them food stamps and other welfare.