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“He’s so cool, he’s so likeable and he gives me free stuff!” [Darleen Click]

It’s come to this …

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GDP down, unexpectedly more than previously believed

The overall economy grew at an annual rate of 1.3 percent in the spring, down from its previous estimate of 1.7 percent growth, the Commerce Department said Thursday.

10 Replies to ““He’s so cool, he’s so likeable and he gives me free stuff!” [Darleen Click]”

  1. JHoward says:

    After the first Q2 GDP revision bubbled up from 1.5% to 1.7%, the sellside brigade was confident that the rate of growth would continue and final Q2 GDP would be in line. Instead, we got an absolute shock of a print, with the final Q2 GDP print coming in at a ridiculously low 1.25% (rounded up to 1.3%), below the lowest Wall Street estimate of 1.4%, and the lowest number since the revised 0.1% reported in January 2011. Here is the final GDP trendline: Q4 2011: 4.1%; Q1 2012: 2.0%; Q2 2012: 1.25%.

  2. JHoward says:

    Durable Goods orders expectations were pushed down to a dramatically low -5.0% after last month’s dismal reading and the PMI data since but the print at -13.2% is mind-blowingly bad. Perhaps this is the sneak peek that Ben had? This drop is the largest since January 2009 when world trade had fallen off a cliff.

  3. BigBangHunter says:

    – You know your’re in for a bad mellinia when you are forced to the sad realization that the people who are already dead are the lucky ones.

  4. I hadn’t realized Julia had braces.

  5. eCurmudgeon says:

    And that, ladies and gentlemen, is why Obama is still going to win the election.

  6. dicentra says:

    FWIW, it’s 40 days out from the election, and because of the really bad stuff goin’ down (and about to go down), it behooves us to beg for divine assistance against the forces arrayed against Liberty. We’re outnumbered and out-gunned by jihad, the sociopathic Left, the narcotraficantes, our clueless brethren, our feckless leaders, and anyone else who decides to get their licks in while the getting is good (Russia, China, etc).

    Time for all God-fearing folks to muster whatever prayers and fasting and rosaries you’ve got to bring the help of heaven into the equation.

    And it wouldn’t hurt for the pagans and atheists and agnostics and indifferents to start praying as well, as best you can, to whatever or whomever you can.

    Those who fought and won the American Revolution and the Civil War (Washington, Lincoln) were convinced that they needed Divine Providence to assist in a righteous cause. In this second civil war, we’re going to need as much if not more help.

    The prayers, BTW, are less about persuading God to help us than about helping us tune in to God’s will, so that we will know what to do and when to do it.

    /sermon out

  7. Squid says:

    You praise God; I’ll pass the ammunition.

  8. Emmett Crunk says:

    … for a brief moment, I thought it was my niece. The first one who ever pulled the ‘RACISS’ meme on me back in ’08.

    Good times, good times.

  9. Ernst Schreiber says:

    I’ll be doing both.

    Be careful when you pass the ammo to me, though. I tend to drop things like that and forget where I dropped them. Careless of me, I know.

  10. Danger says:

    “it behooves us to beg for divine assistance”

    AIRSUPREQ transmitted.

    Danger, out.

Comments are closed.