Sturdy U.S. services, factory data boost growth picture

Comments (8)
gcf1965 wrote:

“But businesses amassed huge piles of stocks in the second quarter, which they will probably need to work through before placing more orders…That could take some edge off factory activity and overall economic growth” – Well yeah, DUH! They have been reporting increasing inventories for about 3 weeks now. It is not any sign of a turn around in consumer sentiment or healing economy. It is simply padding the numbers now at the expense of the future periods. Not difficult to figure that out. If you have it in inventory, you wont need to produce more. Next month/quarter numbers will be pretty miserable as they absorb the current over-production numbers. Again, DUH!

Aug 05, 2014 10:27am EDT  --  Report as abuse
USAPragmatist wrote:

Waiting for the ‘intellectual’ righties/Obama haters to tell us this is all bad news/numbers are fudged and they know better then trained economists, cause ‘Obama is bad’.

Aug 05, 2014 11:31am EDT  --  Report as abuse
AlkalineState wrote:

Republicans vow to reverse this troubling good news if elected to anything important.

I think we’re safe.

Aug 05, 2014 11:36am EDT  --  Report as abuse
Oxygen684 wrote:

If you think we do not have to worry about world oil reserves watch this. “Crude Awakening” on YouTube. Note the people being interviewed and who they are!
“Crude Awakening”
https://www.youtube.com/watch?…
Human waste turned to power, money at Inland Empire plant
http://www.dailybulletin.com/e…
Video below of what is happening in California at municipal wastewater treatment plants using fuel cell technology to produce 3 value streams of electricity, hydrogen and heat all from a human waste! This is pretty impressive in my opinion for hydro-refueling infrastructure.
“New fuel cell sewage gas station in Orange County, CA may be world’s first”
http://abclocal.go.com/kabc/st…
“It is here today and it is deployable today,” said Tom Mutchler of Air Products and Chemicals Inc., a sponsor and developer of the project.
Hyundai “Tuscon” Fuel Cell Vehicle
$499 per month w/ Free Fuel & Free Maintenance from Hyundai!!! (pure water for exhaust)
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Toyota joins California Hydrogen Push in Station Funding – Bloomberg
http://www.bloomberg.com/news/…

Aug 05, 2014 1:02pm EDT  --  Report as abuse
USAPragmatist wrote:

C$Party, The science of economics, like any other science, is not perfect. But it better then pulling ideas of of one’s behind.

One of the bigger challenges with economic forecasts is predicting human behavior.

Aug 05, 2014 1:46pm EDT  --  Report as abuse
Simplerman wrote:

What exactly do they mean by “Service Sector Jobs”??

I strongly suspect they actually mean McDonalds hired some people in Chicago.

Good luck with this “Recovery”.

Aug 05, 2014 1:47pm EDT  --  Report as abuse
gcf1965 wrote:

I rearely see anyone stating the numbers are fudged, its just that the intellectual(no quotes needed) righties realize there is more to the story than the numbers, that there is a force and trend behind the numbers that occassionally even Reuters lets escape. This is a propped up recovery with very little underlying substance to support it.

Aug 05, 2014 2:11pm EDT  --  Report as abuse
BeRealistic wrote:

USA or Alkaline, please explain why it is anything to get excited about when the article provides a pretty good explanation -”…businesses amassed huge piles of stocks in the second quarter, which they may need to work through before placing more orders.
That could take some edge off growth in the third quarter. The economy grew at a 4.0 percent annual pace in the April-June period.”

So how is frontloading to pad teh figures indicative of growth. Sounds pretty much like any other Ponzi scheme to me.

Aug 05, 2014 2:47pm EDT  --  Report as abuse
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