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02-10-2013, 02:37 PM
  #37
homeoftheBlues
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Join Date: Oct 2011
Location: St. Louis
Posts: 30
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Quote:
Originally Posted by sh724 View Post
Sigh. Just looking at a number tells you absolutely nothing. The reason why the GDP dropped less than one percent is because defense spending was 23% lower in the fourth quarter than what it was in the third quarter. If you look at defense spending historically you would see that there are huge swings in spending from quarter to quarter. If you take out the defense spending the economy grew. In the past month the stock market hit its highest point since 2007 and the measurement of fear and uncertainty in the market was the lowest since 2002.
Your point is that the economy is "actually strong and growing and that the job market has nothing to do with the economy" You can play with the statistics any way you want but at the end of the day you can't say that the economy is very strong and expect to have any sort of credibility on the issue. -.4 GDP or even 2% GDP is hardly a strong economy. Last I checked St. Louis had a quite a few families that depend on the defense industry.

That being said, the economy is not the issue, it's not much better or worse than last year. Too much supply in a short period of time and poor hockey are the primary drivers. There has been a game every other day this week with roughly 80K seats for sale over a short period of time. That's a lot of hockey for a small market to absorb in less than a week.

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