GPD contracted 32.9% in Q2

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Jul 30, 2020
6:34:10am

RexIdaCoug All-American

GPD contracted 32.9% in Q2

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RexIdaCoug

Bio page: RexIdaCoug
Joined: Nov 17, 2006
Last login: May 7, 2024
Total posts: 17,382 (2,316 FO)

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Messages

Author

Time

GPD contracted 32.9% in Q2

RexIdaCoug

7/30/20 6:34am

That is not good.

tawillin

7/30/20 6:39am

Can you imagine what the market would be doing without this contraction

7/30/20 6:43am

Probably selling off about now for the election. S&P would have been around 3700

Harbinger

7/30/20 7:02am

Seemed like it was going to be worse.

a priori

7/30/20 6:47am

Consensus was 34-35%

Harbinger

7/30/20 7:03am

Way to go Trump.

7/30/20 7:07am

While not really his fault, he gets to own it.

letthewookieewin

7/30/20 7:15am

You're going to love this: 5 days before the election Q3 GDP growth is going to

Harbinger

7/30/20 7:18am

Actually, it will be the opposite. Q3 GDP growth (vs Q2) will be epic, possibly

chilango

7/30/20 7:23am

I think you misread what he wrote. You both are saying the same thing.

RexIdaCoug

7/30/20 7:28am

You’re right, I read “Q3 GDP growth is going to drop”

chilango

7/30/20 7:33am

Yep.

Harbinger

7/30/20 7:31am

So you’re saying he should get to brag? I’m really saying he shouldn’t.

letthewookieewin

7/30/20 7:32am

I'm saying he's going to.

Harbinger

7/30/20 7:56am

There are enough dumb people out there that it will definitely help him.

chilango

7/30/20 8:21am

Just like there are enough dumb people that blame trump for covid.

Harbinger

7/30/20 8:40am

Yeah. The problem is that the ones who are dumb enough to do that are also dumb

chilango

7/30/20 12:18pm

The covid blamers will vote for the guy they blame?

Harbinger

7/30/20 1:10pm

I fear many of them probably will. They're that dumb. They think the president

chilango

7/30/20 1:17pm

So they blame the president and yet will still vote for him. I just want to make

Harbinger

7/30/20 1:47pm

Sure, why not? You can't reason with dumb.

chilango

7/30/20 1:50pm

Fair enough

Harbinger

7/30/20 2:03pm

Annualized. Not in the quarter.

zonacougar

7/30/20 10:42am

It's always quoted as an annualized number.

RexIdaCoug

7/30/20 11:03am

Imagine if that happened over a whole year!

7/30/20 10:45am

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