S&P 500
7,582.20
+0.03%
Dow Jones
51,018.80
+0.58%
Nasdaq 100
30,344.40
+0.25%
Russell 2000
2,916.31
-0.54%
FTSE 100
10,378.60
-0.32%
Nikkei 225
66,231.90
+0.67%

Companies and Brands

GDP Revisions… When Poor Growth Never Looked So Good

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
The revision for Gross Domestic Product is out and investors need to keep in mind that this is the third look at the fourth quarter GDP for 2011.  Bloomberg had a consensus target of 3.0% growth and that was flat with the previous revision.  Today’s number came in at 3.0%.  CNBC was talking up expectations on Wednesday and Dow Jones had a consensus estimate listed of 3.2%.

If you include the PCE Price Index, GDP was really up 1.2% according to the Commerce Department.  For all of 2011 that was 1.7%.

While this is being called a disappointment, this was the final revision and it should be fully reflected into the markets by now as the data is nearly 90-days old and covers the period from 90 to 180 days ago.

It is impossible to call this impressive growth.  Still, it is above the red-line and that keeps the recession mongers at bay for another couple of quarters at a minimum.

JON C. OGG

Follow 24/7 Wall St. on Google
Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Continue Reading

Jon C. Ogg |

UBS Economist: No 2011 U.S. Recession (UBS)

Many reports have been signaling that the United States is about to slide into another recession, and many have noted…

Jon C. Ogg |

GDP Surprise Revision Higher Shows 3% Growth

It is arguable over whether or not revisions matter too much on GDP numbers because the data is already so…

Are Rising Productivity and Unit Labor Costs Helping the Rate Hike Case?
Jon C. Ogg |

Are Rising Productivity and Unit Labor Costs Helping the Rate Hike Case?

A report on Wednesday from the U.S. Bureau of Labor Statistics (BLS) showed both productivity and unit labor costs were…

Paul Ausick |

Tiffany Lags, Expects More of the Same

Luxury jewelry retailer Tiffany & Co. (NYSE: TIF) reported first quarter earnings this morning that were a light even though…

Paul Ausick |

Altria Results Solid, but Not Impressive

Altria Group Inc. (NYSE: MO), makers of Marlboro cigarettes for the U.S. market, reported second-quarter results this morning, posting earnings…

Jon C. Ogg |

Q1-2012 GDP Not Strong But No Recession Fears

The Commerce Department has released its first quarter’s initial projection of Gross Domestic Product for the first quarter of 2012. …

Jon C. Ogg |

GDP and Jobless Claims Both Head Higher

ThinkstockThe economic reports keep coming out regardless of the holidays and the Mayan prophecy. Thursday’s reports show a higher tally…

Jon C. Ogg |

Chicago PMI and Consumer Sentiment Trigger Stock Market Rally to All-Time High

Friday's markets had been in limbo and were looking for direction, and the Chicago PMI acted as an unusual and…

Jon C. Ogg |

GDP Brings No News of Recession

Don’t say that the United States is entering a recession. Not yet at any rate. For a true recession to…

Top Gaining Stocks

Dell Technologies
DELL • Vol: 42,366,555
NetApp
NTAP • Vol: 15,911,807
ServiceNow
NOW • Vol: 68,243,561
IBM
IBM • Vol: 28,527,546
Hewlett Packard Enterprise
HPE • Vol: 86,996,387

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Clorox
CLX • Vol: 4,744,001
ResMed
RMD • Vol: 3,526,686
Intel
INTC • Vol: 191,680,425
Skyworks Solutions
SWKS • Vol: 5,407,806