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[nedotykomka.org] Spring’s economic rebound unlikely to last: , or GDP, grew at a 3.3 percent annual rate in the April-June quarter, its fastest pace in nearly a year, the Commerce Department reported Thursday. The revised reading was much better than the government’s initial estimate of a 1.9 percent pace and exceeded economists’
[news | HT | http://www.blueridgenow.com] Economy rebounds in 2Q, mostly spurred by exports: Government stimulus checks of up to $600 a person helped energize shoppers. But many expect consumers to pull back in the months ahead as unemployment rises, paychecks shrink and their biggest asset — their homes — continue to sink in value.
[News & Current Affairs] US GDP rebounds with 3.3% growth: The improved trade balance added 3.1 percentage points to second-quarter GDP, the biggest since 1980. The slowdown in the housing market was evident, as builders cut back and businesses reduced their spending.
[Financial News] Economy shows vigor, but seen flagging (Reuters): The revised GDP figure was much stronger than the 2.7 percent gain Wall Street analysts had expected. The report added to evidence the US economy may skirt the downturn many had forecast as a result of a deep decline in housing markets, .
[RGE Analysts' economonitor] Economic Outlook for Emerging Markets: In Mexico, Q2 2008 GDP growth came in on the downside: 2.8%, below the consensus of 3.2%. The Mexican economy continues to show unexpected resilience to the US slowdown, though some easing has been evident.
[The Live Well Team by Perry Henderson] No BS - Austin Market memo from well documented industry analyst ...: 􀂙 Slight uptick in start activity over 1Q08, but starts are still below that of 2Q07; annual rate declines to just under 12,000 units (equivalent to pace of 2004)
[Parsnewz Latest World News] US GDP rebounds with 3.3% growth: The improved trade balance added 3.1 percentage points to second-quarter GDP, the biggest since 1980. The slowdown in the housing market was evident, as builders cut back and businesses reduced their spending.
[Paddy Power Trader Blog] Stock Market Skirmishes Before The War: The noun for a group of hawks is a “kettle” and we saw a big angry boiling one yesterday as no less than four members of the ECB’s rate setting council warned that they spotted evidence of the ‘dreaded second round inflationary effects’. Impication: rates could still be HIKED again.
[News Media Magazine - Join, create, publish.] Second Quarter Surprise: Economy Rebounds, Thanks To Exports: But many expect consumers to pull back in the months ahead as unemployment rises, paychecks shrink and their biggest asset _ their homes _ continue to sink in value.The effects of the housing market's collapse were evident in the GDP report.Builders cut back at an annual rate of 15.7 percent in the second quarter_ although that was a better showing than early this year and late last year.Businesses trimmed spending on equipment and software in the spring. And, they reduced investment in inventories, but not as much as initially estimated by the government.
[The Currency Exchange Research Blog] World First NZD/AUD Weekly Update - 18th August: Also a relatively quiet week for the Euro zone, we should get a better picture as to how the third quarter is shaping up after the 0.2% decline in Q2 GDP. The August ZEW Survey will be watched closely for any signs that German output growth is stalling. A wider perspective on Euro zone activity will come from the Flash Estimate of the PMI indices for July. A further contraction in manufacturing and services is anticipated.
[Russia Blog] Market and Industry Report: Russia’s Construction Equipment Market: In May of this year, the Russian State Statistical Office reported growth in housing of 9.5 million m² of new housing (over 100,000 new apartments) in the first quarter of 2007, a 51 percent increase compared to Q1 last year. (25) Other factors contributing to growth in the residential segment is the mortgage boom, accelerating as interest rates go down (the mortgage market, currently worth some $5 billion, is poised to grow to $15 billion by 2010), and by the emerging Russian middle class.
[The Currency Exchange Research Blog] World First NZD/AUD Weekly Update - 11th August 2008: Speculation is currently mounting at the moment that the US is in the best position to emerge quickly from the economic downturn and last week that was evident in the NZDUSD rate. Analysts say the turn towards the dollar reflects surprise that the fallout from the credit crisis has had such a marked effect on economies outside the US. They say other central banks, unlike the Federal Reserve, have been slow to react to a potential slowdown, refusing to cut interest rates as they focus on fighting inflation. The USD pushed out of the NZDUSD 0.72-0.74 trading band of the last couple of months to close on Friday at lower levels in the low NZDUSD 0.70’s (0.7020).
[Stagecraft and Statecraft] India: The Global Bridge-Builder on the Ganges: Brahma Chellaney is professor of strategic studies at the privately funded Center for Policy Research in New Delhi. His latest book is Asian Juggernaut: The Rise of China, India and Japan.
[olyecology weblog] 389 - Earth's Tree News: Bribery was most evident in the appointment process for top-level jobs. Over the past two decades, forest chiefs have been chosen through an auction system in which the person who paid the biggest bribe landed the job, TI said.
[* DOCUMENTDUMP.com ^ RWCS.COM * Steal This Blog ¿©?] In a Perfect Storm of Economic Stagflation, the Yachting Set Says ...: they mean GDP adjusted for inflation. If the rate of inflation is underestimated, as we’ve seen, then the rate of inflation-adjusted growth will be consistently overstated (I should note that the growth rates I just mentioned were calculated using the same methodology —
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