Uhhmmm….. No, This Didn’t Happen. US Touts 4.2% Economic Growth In 2nd Quarter ……. Meanwhile, Mortgage Rate Remains At Year Low

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It simply didn’t happen like this.  These things are nearly mutually exclusive.

US economy grew at brisk 4.2 pct. rate in Q2

Average US 30-year mortgage rate at 4.1 percent

WASHINGTON (AP) — The average 30-year U.S. mortgage rate remained at a 52-week low of 4.10 this week.

All the while, our unemployment rate, which horribly understates the plight of the unemployed, remains stubbornly high. 

As stated earlier, we’ve 1/3 on government assistance. 

No, we didn’t grow at 4.2%. 

I’d have more to say, but, gotta run for a minute!

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8 Responses to Uhhmmm….. No, This Didn’t Happen. US Touts 4.2% Economic Growth In 2nd Quarter ……. Meanwhile, Mortgage Rate Remains At Year Low

  1. philjourdan says:

    That is because they are understating inflation for purposes of growth. The previous article (about the economy) says it all. By the time they finish adjusting this number, it will be negative again.

  2. Mark Luhman says:

    I would call it creative math, they have been over stating the economy all along, only to quietly lower the numbers later.

  3. DirkH says:

    I think even the stock trading algos do not react on GDP “news” anymore.

  4. DirkH says:

    http://www.huffingtonpost.com/2014/08/28/burger-king-palm-oil_n_5729630.html
    HuffPo says that the merger of Burger King and Tim Horton spells disastrous news for the rainforest.

    Why you ask? They say: Because both companies use Palm Oil.

    Now, a sane person would say, ok they merge, they still use Palm Oil, so what. Same as before. Merger has no effect on their doubtlessly evil rainforest destroying activity.

    I looked through the HuffPo article but there’s nothing there that explains this. It is just a lengthy sequence of words containing Burger King, Tim Horton, Palm Oil, rainforest destruction.

    It is written for people who can’t THINK but who DO read. Maybe because they think they can think. In other words, Liberal Arts majors.

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