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Exxon Mobil Corporation Message Board

pra11pra11 2 posts  |  Last Activity: Aug 1, 2014 11:46 AM Member since: Jul 18, 2003
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  • No assistance from the Repturds !!!

    "U.S. economic growth surged 4 percent during the second quarter, the government said on Wednesday as consumer spending rebounded after a frigid first quarter slowed growth in the first quarter. The government also said that the important category of consumer spending rose by 2.5 percent, more than double the first quarter's rate.

    Consumer spending makes up almost three-quarters of the U.S. economy, and during the second quarter American shoppers spent big on cars and trucks. Those items are categorized as durable goods because they are relatively long-term investments and they signal buyers' comfort with financial commitment.

    On the commercial side of the account, the latest data from the Commerce Department showed that spending on home construction and home improvements rose 7.5 percent, the first gain since the fourth quarter of last year."

    Enjoy the Facts !!!

  • pra11pra11 by pra11pra11 Jun 25, 2014 1:22 PM Flag

    "1) The 2.9 percent decline follows a GDP increase of 3.4 percent in the second half of 2013. Two big factors for the decline, exports and slowdown in inventory investment, are “particularly volatile components” of the index. Plus “unusually severe winter weather” must be taken into account.

    2) Revisions in first quarter estimates “have been historically large.”

    3) Several other measures are more positive: Aggregate hours worked by private-sector employees grew by 1.4 percent in the first quarter, industrial output increased 2.1 percent. Given this, one would have expected to see GDP growing by 2 or 3 percent.

    4) Again, the weather: “Severe weather had a disruptive effect that only began to abate at the end of the quarter.” Vehicle sales, retail and food service sales and other measures that dipped starting in December and/or January didn’t start rebounding until March.

    5) Health care prices rose “exceptionally slow,” while utilization of services fell, “leading to an outright decline” in annualized spending. “Thanks in part to the Affordable Care Act,” slow growth in health care costs is “making easier for businesses to hire workers or pay a good wage and improving the nation’s fiscal outlook.”"

    p.s. I'm happy that Tea Party Bigot lost last night. NEXT !!!! Anyway have a great day I'm sure I will
    wooohooo !!!!

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