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Originally posted by GreenBicMan
reply to post by Hx3_1963
Well we could have a plucking contest, but I'm just relaying what I have heard lol..
No joke... and he said it never fails, like I said I think he will be whipsawd into submission
Originally posted by GreenBicMan
reply to post by Hx3_1963
haha
mine is fading fast as well, and what is left is turning gray i think...
all i got going for me now is a receeding hairline and credit card debt..
pretty impressive for 25 years on this planet
Originally posted by GreenBicMan
reply to post by Hx3_1963
haha
mine is fading fast as well, and what is left is turning gray i think...
all i got going for me now is a receeding hairline and credit card debt..
pretty impressive for 25 years on this planet
Originally posted by RetinoidReceptor
Originally posted by GreenBicMan
reply to post by Hx3_1963
haha
mine is fading fast as well, and what is left is turning gray i think...
all i got going for me now is a receeding hairline and credit card debt..
pretty impressive for 25 years on this planet
Hey, being bald works for many men...but the credit card debt doesn't
Originally posted by GreenBicMan
Would be nice to hold this first support on this "wave"
In this instance, I wouldn't mind being proved wrong..
Although bear flags remember have slight up/down days but ending flat relative to the recent uptrend
www.sierrachart.com...
Unfortunately though like I said what is left of my black hair is very slowly turning gray and i can anticipate acceleration being my life is like that
I
Originally posted by GreenBicMan
Unfortunately though like I said what is left of my black hair is very slowly turning gray and i can anticipate acceleration being my life is like that
Originally posted by GreenBicMan
Still holding support
Pretty impressive actually *IMO* after that surge lateday
Could be propped up for now by asian markets then when they close let the futures slide again..
www.sierrachart.com...
More at link...
EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, THURSDAY, JUNE 25, 2009BEA 09-29
www.bea.gov...
* See the navigation bar at the right side of the news release text for links to data tables,
contact personnel and their telephone numbers, and supplementary materials.
Lisa Mataloni : (202) 606-5304 (GDP)
Greg Key (202) 606-5564 (Profits)
Recorded message: (202) 606-5306
Gross Domestic Product, 1st quarter 2009 (final)
Corporate Profits, 1st quarter 2009 (revised)
Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- decreased at an annual rate of 5.5 percent in the first quarter of 2009,
(that is, from the fourth quarter to the first quarter), according to final estimates released by the
Bureau of Economic Analysis. In the fourth quarter, real GDP decreased 6.3 percent.
The GDP estimates released today are based on more complete source data than were available for
the preliminary estimates issued last month. In the preliminary estimates, the decrease in real GDP was
5.7 percent (see "Revisions" on page 3).
The decrease in real GDP in the first quarter primarily reflected negative contributions from
exports, equipment and software, private inventory investment, nonresidential structures, and residential
fixed investment that were partly offset by a positive contribution from personal consumption
expenditures (PCE). Imports, which are a subtraction in the calculation of GDP, decreased.
_____________________________
BOX.--
Comprehensive Revision of the National Income and Product Accounts
BEA plans to release the results of the 13th comprehensive (or benchmark) revision of the national
income and product accounts (NIPAs), as part of the annual revision on July 31, 2009. More
information on the revision is available on BEA’s Web site at www.bea.gov/national/an1.htm, including
a link to an article in the March 2009 issue of the Survey of Current Business that discussed the changes
in definitions and presentation that will be implemented in the revision and a link to an article in the
May Survey that described the changes in statistical methods. The September Survey will contain an
article that describes the results of the revision in detail. The Web site also contains links to redesigned
PCE table stubs and other revised NIPA table stubs.
_____________________________
FOOTNOTE.--Quarterly estimates are expressed at seasonally adjusted annual
rates, unless otherwise specified. Quarter-to-quarter dollar changes are
differences between these published estimates. Percent changes are calculated
from unrounded data and are annualized. “Real” estimates are in chained
(2000) dollars. Price indexes are chain-type measures.
This news release is available on BEA’s Web site along with the Technical Note and Highlights
related to this release.
_____________________________
The smaller decrease in real GDP in the first quarter than in the fourth primarily reflected an
upturn in PCE and a larger decrease in imports that were partly offset by larger decreases in private
inventory investment and in nonresidential structures.
Motor vehicle output subtracted 1.26 percentage points from the first-quarter change in real GDP
after subtracting 2.01 percentage points from the fourth-quarter change. Final sales of computers added
0.09 percentage point to the first-quarter change in real GDP after subtracting 0.02 percentage point
from the fourth-quarter change.
The price index for gross domestic purchases, which measures prices paid by U.S. residents,
decreased 1.0 percent in the first quarter, the same as in the preliminary estimate; this index decreased
3.9 percent in the fourth quarter. Excluding food and energy prices, the price index for gross domestic
purchases increased 1.4 percent in the first quarter, also the same as in the preliminary. The federal pay
raise for civilian and military personnel added 0.3 percentage point to the change in the first-quarter
gross domestic purchases price index, which is treated as an increase in the prices of employee services
purchased by the federal government.
Real personal consumption expenditures increased 1.4 percent in the first quarter, in contrast to a
decrease of 4.3 percent in the fourth. Real nonresidential fixed investment decreased 37.3 percent,
compared with a decrease of 21.7 percent. Nonresidential structures decreased 42.9 percent, compared
with a decrease of 9.4 percent. Equipment and software decreased 33.7 percent, compared with a
decrease of 28.1 percent. Real residential fixed investment decreased 38.8 percent, compared with a
decrease of 22.8 percent.
Real exports of goods and services decreased 30.6 percent in the first quarter, compared with a
decrease of 23.6 percent in the fourth. Real imports of goods and services decreased 36.4 percent,
compared with a decrease of 17.5 percent.
Real federal government consumption expenditures and gross investment decreased 4.5 percent in
the first quarter, in contrast to an increase of 7.0 percent in the fourth. National defense decreased 6.8
percent, in contrast to an increase of 3.4 percent. Nondefense increased 0.6 percent, compared with an
increase of 15.3 percent. Real state and local government consumption expenditures and gross
investment decreased 2.2 percent, compared with a decrease of 2.0 percent.
The real change in private inventories subtracted 2.20 percentage points from the first-quarter
change in real GDP, after subtracting 0.11 percentage point from the fourth-quarter change. Private
businesses decreased inventories $87.1 billion in the first quarter, following a decrease of $25.8 billion
in the fourth quarter and a decrease of $29.6 billion in the third.
Real final sales of domestic product -- GDP less change in private inventories -- decreased 3.3
percent in the first quarter, compared with a decrease of 6.2 percent in the fourth.
Gross domestic purchases
Real gross domestic purchases -- purchases by U.S. residents of goods and services wherever
produced -- decreased 7.5 percent in the first quarter, compared with a decrease of 5.9 percent in the
fourth.
Gross national product
Real gross national product -- the goods and services produced by the labor and property supplied
by U.S. residents -- decreased 5.6 percent in the first quarter, the same as in the fourth. GNP includes,
and GDP excludes, net receipts of income from the rest of the world, which decreased $5.8 billion in the
first quarter after increasing $21.3 billion in the fourth; in the first quarter, receipts decreased $107.9
billion, and payments decreased $102.0 billion.
Current-dollar GDP
Current-dollar GDP -- the market value of the nation's output of goods and services -- decreased
2.9 percent, or $103.1 billion, in the first quarter to a level of $14,097.2 billion. In the fourth quarter,
current-dollar GDP decreased 5.8 percent, or $212.5 billion.
Revisions
The final estimate of the first-quarter change in real GDP is 0.2 percentage point, or $6.8 billion,
less of a decrease than the preliminary estimate issued last month. The upward revision to the percent
change in real GDP primarily reflected a downward revision to imports and an upward revision to
private nonfarm inventory investment that were partly offset by downward revisions to exports and to
personal consumption expenditures for services.