Economy shrinks at fastest quarterly rate on record
- Thread starter jacksonsprat22
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My writing is calculated to sift out the liars and the dummies.
jacksonsprat22
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boring
Estimates are hard to do, not because the math is hard, but because the inputs are hard. That being said, they actually often get it very right.
There is an interesting point here, which I am sure you are missing. Companies in collapse are not filling out government surveys. The data collection is falling apart with the economy in many other ways. It is almost certainly far worse than the current statistics show. But the math for annualizing the number is also certainly done correctly.
Doing the hard is the entire point of having experts Einstein.
Nope. I agreed with the 32.9%. floridafan fucked it up. She thinks 32.9% was the decrease for the qtr. when it was actually 9.5% Moot point actually. It's still better than the Euros and Singapore.
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Trump has total power over the right and owns the Repub party. He has several news sites like Fox the rapey station, Infowars, Breitbart and others that are totally dedicated to pushing Trump and the agenda of the wealthy. Trump used his power to force reluctant governors to open up and aggressively attacked Governors who did not want to sacrifice their citizens. Trump totally fucked up the economy with his poor handling of Corona. He blew it bigly. That took the economy down.
?
U.S. GDP decline 9.5%
Germany GDP decline 10.1%.
You're making the same mistake Floridafan did in equating annualized with a quarter .
That's annualized.
China says its economy grew 3.2% in Q2 of 2020, rebounding ...
[url]www.cnbc.com/2020/07/16/china-economy-beijing-reports-q2-2020-gdp.html
China reported that the country's GDP grew by 3.2% in the second quarter of this year, compared to a year ago — beating analysts' expectations and rebounding from the first quarter's contraction...[/URL]
[url]www.cnbc.com/2020/07/16/china-economy-beijing-reports-q2-2020-gdp.html
China reported that the country's GDP grew by 3.2% in the second quarter of this year, compared to a year ago — beating analysts' expectations and rebounding from the first quarter's contraction...[/URL]
wow
I threw Singapore in there because it came up in my Bing search. But really. You compare Singapore with Bangladesh and Zim???? Ever been there? It's one of the wealthiest, cleanest and most civilized countries per capita in the world.
They effing cane you for littering.
I did not point to Singapore & I am pretty familiar w/ it........ Again, who cares what some other country does-we care about this country.............
You did not compare it to our # competitor, the evil country trump is always talking about??
Gee, I wonder why....
Go to my link. The Bing search didn't mention it.Gee, I wonder why....
Go to my link, it did...post #93
Well they did better than the EU, Singapore and the U.S. didnt they? Not sure your point. Maybe copy their political system?
You are comparing apples to oranges. You are comparing Singapore's and Germany's annualized GDP to America's quarterly. Almost always people use annualized throughout to simplify comparisons.
If we use quarterly to compare, then trump has never broken 1% growth. Obama broke 1% quarter growth three times, but trump has completely failed to do so.
Next you will try to compare Obama's underemployment with a Republican's unemployment. Both are important numbers, but if the only way you can defend Republican failure is by comparing very different numbers, it says how bad Republican failure is.