GDP 3. Quartal 05 in den USA plus 3,8 erwartet plus 3,6: SCHEIN UND SEIN

verfasst von klingonenjoerg, 31.10.2005, 03:06

-->Trotz sorgfaeltiger Manipulierung der GDP Daten fiel es auf: Die Realeinkommen fallen, und das Wachstum kam durch verstaerkte Regierungsausgaben in der Folge der Hurricanes und Versicherungsauszahlungen...
Wie nachhaltig kann das sein???!!!

Economy Grows at an Energetic Rate in 3Q - Because of the Hurricanes

WASHINGTON (AP) -- Economic activity expanded at an energetic 3.8 percent annual rate in the third quarter, providing vivid evidence of dollars flooding the economy in the wake of the hurricanes. Washington flooded the economy with close to $100 billion in relief efforts. The boost is expected to be temporary as is widely known by economists as"The broken window fallacy".

Benefiting most from these relief efforts were roofers charging the US government as much to temporarily patch roofs with plastic as an entire new roof should cost. Also benefiting from this disaster were truckers hauling ice to nowhere. That ice was never used and either melted or returned to the place of origin. Insurance companies paid out billions of dollars worth of claims and that money was spent as well. Food vendors in Houston benefited by charging extravagant prices to supply food to the refugees.

Gasoline prices skyrocketed, accounting for much of the increase in consumer sales. Despite the string of high energy bills, consumers continued to spend simply because that had to if they wanted to heat or air condition their homes or drive anywhere.

Add it all up and the rise in 3rd quarter GDP was a mirage.

Hidden behind the"strong" GDP figures is an ongoing consumer recession. Buried beneath the mass of heavily manipulated economic statistics, the Bureau of Economic Analysis notes that real* disposable income fell at an annual rate 0.9% in the third quarter. It went from a $8,128.7 billion annual rate in the second quarter to $8,110.5 billion in the third quarter. Already heavily indebted, consumers resorted to draining cash from their bank accounts to maintain prior spending levels. The BEA says the amount of negative savings reached an annual rate of $100 billion in the quarter - or put another way, -1.1% of income. This is duly confirmed by the continuing drawdown in the M1 money supply we have seen for a number of weeks now.


[/b][b][/b][b]
<ul> ~ http://globaleconomicanalysis.blogspot.com/</ul>

Thread gesperrt

 

gesamter Thread:

• GDP 3. Quartal 05 in den USA plus 3,8 erwartet plus 3,6: - Emerald, 28.10.2005, 14:33
  • Re: GDP 3. Quartal 05 in den USA plus 3,8 erwartet plus 3,6: - bulle99, 28.10.2005, 14:36
    • GDP 3. Quartal 05 in den USA plus 3,8 erwartet plus 3,6: SCHEIN UND SEIN - klingonenjoerg, 31.10.2005, 03:06