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'Best-Looking' GDP Drop You'll Ever See

'Best-Looking' GDP Drop You'll Ever See | When They Talk | Scoop.it
Negative economic growth in the fourth quarter provided a scary headline to start Wednesday's trading but probably little else in market impact.
Morgan Pfeil's insight:

At first glance, the title seems very ironic, but after reading the article, it makes more sense. It's just a best-case scenario for a not so great event. The drop itself was nothing too big, and many parts of the GDP have improved. There have just been very hefty spending cuts in many big parts of the GDP such as in defense.

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Zachary Beery's curator insight, February 7, 2013 11:46 AM

This article says that th recent drop in GDP isn't that bad cause it is mostly due to the recent cut in goverenment spending. this is pretty much just the drop before the big leap that hopefully comes soon.

Sarah Nguyen's curator insight, February 14, 2013 4:58 AM

Even though the GDP has dropped at .1 percent, it is reassuring to know that it is largely because of government spending and business inventories. Consumer spending and the private sector in general was able to grow more than the previous quarter, even despite the natural disaster Sandy.

Patrick Demitis Brown's comment, February 21, 2013 12:06 AM
GDP is probably going to be just as low or lower in the second quarter, once we've gotten rid of the payroll tax cuts. Im not sure how our congress isn't doing anything about that, this will increase taxes, defense spending going down, the number of consumers able to spend will go down and GDP will go down more sooo......
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The only chart you need on the GDP report

The only chart you need on the GDP report | When They Talk | Scoop.it
Last quarter's GDP report has been been called "the best-looking contraction in US GDP you’ll ever see." Here's the exact picture it paints.
Morgan Pfeil's insight:

It's good to see that at least 2 parts of the GDP are looking good, but a bit discouraging to see the decline in GDP contribution from things like defense. However, it does seem that over all the GDP's main contributors are staying pretty solid, which is a good sign.

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Christina Breitbeil's curator insight, February 7, 2013 12:55 AM

This graph was very interesting to observe, because it offered insight into the complexities behind the number that is the collective GDP, which in this article is a fall in 0.1%. It was significant, in my opinion, that although the total GDP was a decrease, consumer and investment spending is doing exceptionally well. This just goes to show that the economy may be somewhat more stable than how it appears on the surface.

Zachary Beery's curator insight, February 7, 2013 11:44 AM

This chart shows the percent change in each department of the GDP. Whether it is going up or down. It shows an increase in consumer spending so that is a good sign for the economy.

Sarah Nguyen's curator insight, February 13, 2013 8:09 AM

This article and it's graph of the breakdown of the GDP is very reader friendly and easy to understand. It is very clear and obvious that the components of the GDP that are making the whole suffer the most are business inventory and federal defense spending. While reading, there was one comment by another reader that especially caught my eye. They reasoned that because many people were anticipating a pro-business Romney to win the election in the third quarterr of 2012, they planned ahead with increased inventories and expansion.

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Latino Influence on 2012 Election: President

Latino Influence on 2012 Election: President | When They Talk | Scoop.it

Those who have decided on their vote seem to be leaning toward Obama, but it's still too close to decide. A very significant number are still undecided, and those could completely change the results. Also those leaning one way or the other could instantly change. I think it will be very close

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Gallup: GOP Convention Shows 'Minimal Impact'

Gallup: GOP Convention Shows 'Minimal Impact' | When They Talk | Scoop.it
WASHINGTON -- Polling tracking the impact of the Republican convention has been sparse, but on Monday the Gallup Poll weighed in with a new survey showing the convention had only a "minimal impact" on the fortunes of Republican nominee Mitt Romney.
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U.S. Growth Halted as Federal Spending Fell in 4th Quarter

U.S. Growth Halted as Federal Spending Fell in 4th Quarter | When They Talk | Scoop.it
The government played a role in slowing the economic recovery as cuts in military spending and other factors overwhelmed the Federal Reserve’s expanded campaign to spur growth.
Morgan Pfeil's insight:

It's obvious that with such sharp drops in military spending taht GDP would go down. It's not necessarily a fact that we are looking at another recession in the coming months. Along with other government cuts, it would be unrealistic to not expect a declining GDP.

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Bo Li_1's curator insight, February 6, 2013 12:50 PM

It seems that this article says the the government has significantly decreased in military spending. As a result, it seems that US economy will also suffer a decrease in GDP.

Andrew Alter's curator insight, February 6, 2013 6:51 PM

The economy may have shrunk, but it shrunk in the most unharmful way for the average American. Government spending substantially decreased,  notably in the military, which allows for future government spending in domestic areas.

Matt Kellogg's curator insight, February 6, 2013 9:57 PM

govenment cut a lot of defense spending. Economy didnt decline much considering how much was cut

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Arrest made in assault on U.S. consulate in Libya; all 4 U.S. dead named - CNN.com

Arrest made in assault on U.S. consulate in Libya; all 4 U.S. dead named - CNN.com | When They Talk | Scoop.it
Libyan authorities have made arrests tied to the killings of a U.S. ambassador and three others in Benghazi, state news reported, citing a Libyan official.
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