PeakTrader.com

[administrator]

http://mjperry.blogspot.com/2010/10/average-five-quarter-gdp-growth-of-281.html

PeakTrader said...

If this is a strong recovery, why does the economy need another round of quantitative easing?

Gross Domestic Product, 3rd quarter 2010 (advance estimate)

Real final sales of domestic product -- GDP less change in private inventories -- increased 0.6 percent in the third quarter, compared with an increase of 0.9 percent in the second.

Quarterly Real Final Sales (Annualized Growth Rate)

Q2 '09 0.2%
Q3 '09 0.4%
Q4 '09 2.1%

Q1 '10 1.1%
Q2 '10 0.9%
Q3 '10 0.6%

U.S. Economic Growth: Mediocre and Even Closer to Stall Speed
Nouriel Roubini
10/29/2010

Contrary to what the headline figure might suggest, today’s U.S. GDP report reaffirms all the concerns that we have been expressing for a while about extremely anemic growth close to stall speed.

Inventories contributed to 1.4% of the 2% headline growth, while final sales growth—the real driver of medium-term growth once the inventory noise is out—worsened, growing an abysmal 0.6%.

-------

marmico said...

http://www.marketoracle.co.uk/images/2010/Oct/rosenberg-Real-Final-Sales-Q3.png

There will be a major payback on change in private inventory in Q4.

http://research.stlouisfed.org/fred2/graph/fredgraph.png?bgcolor=%23B3CDE7&chart_type=line&drp=0&fo=ve&graph_bgcolor=%23FFFFFF&height=378&mode=fred&preserve_ratio=checked&recession_bars=On&txtcolor=%23000000&ts=8&width=630&id=CBIC1&scale=Left&range=Custom&cosd=1990-07-01&coed=2010-07-01&line_color=%230000FF&link_values=false&line_style=Solid&mark_type=MARK_DIAMOND&mw=6&lw=2&ost=-99999&oet=99999&mma=0&fml=a&fq=Quarterly&fam=avg&transformation=lin&vintage_date=2010-10-30&revision_date=2010-10-30