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Q1 GDP Growth Slowest in Three Years

UWhuskytskeet
UWhuskytskeet Member Posts: 7,113
in Tug Tavern
https://www.nytimes.com/2017/04/28/business/economy/economy-gross-domestic-product-first-quarter.html
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  • doogie
    doogie Member Posts: 15,072
    Can't pump out zero down subprime auto loans forever
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  • AZDuck
    AZDuck Member Posts: 15,468
    Actually, this is a dumb metric that isn't any more convincing than the Donald taking credit for the jobs report in January. After a year or so, whatever the economy is doing will belong to Trump and Congress, but not yet
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  • doogie
    doogie Member Posts: 15,072
    AZDuck said:

    Actually, this is a dumb metric that isn't any more convincing than the Donald taking credit for the jobs report in January. After a year or so, whatever the economy is doing will belong to Trump and Congress, but not yet the Fed

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  • 2001400ex
    2001400ex Member Posts: 29,457
    doogie said:

    AZDuck said:

    Actually, this is a dumb metric that isn't any more convincing than the Donald taking credit for the jobs report in January. After a year or so, whatever the economy is doing will belong to Trump and Congress, but not yet the Fed

    Doogie's knowledge of the economy is astounding. Next he'll be seeing that the Fed is a private business.
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  • Pitchfork51
    Pitchfork51 Member Posts: 27,702
    AZDuck said:

    Actually, this is a dumb metric that isn't any more convincing than the Donald taking credit for the jobs report in January. After a year or so, whatever the economy is doing will belong to Trump and Congress, but not yet

    Gonna assume that J flagged this because Trump should get credit for the jobs report but no blame for the economy stuff.

    I'm gonna have to agree.
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  • doogie
    doogie Member Posts: 15,072
    edited April 2017
    2001400ex said:

    doogie said:

    AZDuck said:

    Actually, this is a dumb metric that isn't any more convincing than the Donald taking credit for the jobs report in January. After a year or so, whatever the economy is doing will belong to Trump and Congress, but not yet the Fed

    Doogie's knowledge of the economy is astounding. Next he'll be seeing that the Fed is a private business.
    Fuck off
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  • PurpleJ
    PurpleJ Member Posts: 37,778
    Pitchfork51 said:

    AZDuck said:

    Actually, this is a dumb metric that isn't any more convincing than the Donald taking credit for the jobs report in January. After a year or so, whatever the economy is doing will belong to Trump and Congress, but not yet

    Gonna assume that J flagged this because Trump should get credit for the jobs report but no blame for the economy stuff.

    I'm gonna have to agree.
    No I didn't. I suppose @AZDuck hated Obama and wanted him gone after year 1.
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  • dnc
    dnc Member Posts: 56,855
    UWhuskytskeet said:

    doogie said:

    Can't pump out zero down subprime auto loans forever

    I like it when Doogie talks economics.

    image
    economis are important
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  • doogie
    doogie Member Posts: 15,072
    edited April 2017
    Subprime auto-loan default rates match those seen just before the 2007-2009 recession. It’s a red flag that’s been flapping for some time for analysts worried it could pose risks to the broader credit market, bank health and, ultimately, the consumer-driven economy.

    http://www.marketwatch.com/story/heres-why-its-getting-harder-to-ignore-rising-subprime-auto-defaults-2017-03-30

    Great time to be sitting on inventory as flooring rates rise, margins are squeezed, credit tightens, sales fall.
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