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Thread: Sweden's economic growth is 'crazy strong': analysts

  1. #51
    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by Claudius the God View Post
    All the Nordics do well because they all have fantastic educational options, are socialist democracies, take great mandatory vacations, speak several languages, have the full support of their government and basically reject the system we have in favor of a more enlightened reality.
    Don't you see how evil that is? It is obvious that people in Mississippi and Arkansas are doing sooooo much better than those Commie Swedes, Norwegians and Danes. They don't even get to have a Redneck Rampage in those countries!

  2. #52
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    Quote Originally Posted by RNG View Post
    That is the annualized figure. For the quarter it was 1.4%. There's them apples and then there's them watermelons.

    Second-quarter U.S. GDP speeds up to 2.6% - MarketWatch
    So the Swedes don't report real GDP? The 1.7% is the increase in Swedens nominal GDP? And your cite says 1st quarter US GDP was adjusted down to 1.2%

    What are you trying to say? Whose 2nd quarter GDP was higher, Sweden or US?

    https://bea.gov/newsreleases/nationa...ewsrelease.htm

    Current-dollar GDP increased 3.6 percent, or $169.0 billion, in the second quarter to a level of $19,226.7
    billion. In the first quarter, current-dollar GDP increased 3.3 percent (revised), or $152.2 billion (table 1
    and table 3).
    Last edited by Libertine; 29th July 2017 at 11:25 AM.

  3. #53
    You just made the list! Macduff's Avatar
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    Quote Originally Posted by Eve1 View Post
    If anything Trump is holding the economy back. President Obama had the economy on a high ward spiral. Trump is slowing the climb up.

    America could have matched Sweden's and even surpassed it by now with someone else more stable at the helm. Canada is getting a lot of investment that would have gone to the US for that reason.
    "President Obama had the economy on a high ward spiral."


    Not one single year of Obama's presidency saw GDP growth greater than 3%. He's the only president who ever did that.

  4. #54
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    Quote Originally Posted by Claudius the God View Post
    All the Nordics do well because they all have fantastic educational options, are socialist democracies, take great mandatory vacations, speak several languages, have the full support of their government and basically reject the system we have in favor of a more enlightened reality.
    Not to mention their health care systems keep them well.

  5. #55
    RNG
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    Quote Originally Posted by Macduff View Post
    "President Obama had the economy on a high ward spiral."


    Not one single year of Obama's presidency saw GDP growth greater than 3%. He's the only president who ever did that.
    He's the only president that had to follow Bush's economic meltdown.

    Under him, the US had a better and faster recovery than any other G-20 nation. The fact that he didn't hit some arbitrary metric is irrelevant.
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  6. #56
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    Quote Originally Posted by RNG View Post
    He's the only president that had to follow Bush's economic meltdown.

    Under him, the US had a better and faster recovery than any other G-20 nation. The fact that he didn't hit some arbitrary metric is irrelevant.
    $15 trillion in economic stimulus that resulted in $3 trillion of economic growth is an accomplishment? What other G-20 nation received that kind of stimulus?

    7 years after the recession ended the US only had 1.6% of real economic growth while taking on an additional $1.4 trillion in new debt for 2016.
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  7. #57
    Human Bean KnotaFrayed's Avatar
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    Quote Originally Posted by Libertine View Post
    So the Swedes don't report real GDP? The 1.7% is the increase in Swedens nominal GDP? And your cite says 1st quarter US GDP was adjusted down to 1.2%

    What are you trying to say? Whose 2nd quarter GDP was higher, Sweden or US?

    https://bea.gov/newsreleases/nationa...ewsrelease.htm
    From your own link:

    Real gross domestic product increased at an annual rate of 2.6 percent in the second quarter of 2017
    (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the first
    quarter, real GDP increased 1.2 percent (revised).

    The Bureau emphasized that the second-quarter advance estimate released today is based on source
    data that are incomplete or subject to further revision by the source agency (see “Source Data for the
    Advance Estimate” on page 3). The "second" estimate for the second quarter, based on more complete
    data, will be released on August 30, 2017.

    https://bea.gov/newsreleases/nationa...ewsrelease.htm



    Who doesn't want to see the U.S. do better? No one wants to see it do worse, but the contention that Trump somehow is doing better than Obama did, when he was handed a GROWING economy, not one that was called the "Worst Crisis since the 30's, no end yet in sight", is no less absurd than all the Trump administration, to date.

    All the financial people I talk to, say most economic activity now is based on tax cut "HOPIUM", NOT on much, if anything else, regarding proposed Trump policies.
    Last edited by KnotaFrayed; 29th July 2017 at 12:40 PM.
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  8. #58
    Veteran Member Canada - Geography game Champion, Geography Champion mtm1963's Avatar
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    Quote Originally Posted by mtm1963 View Post
    Quote Originally Posted by mtm1963 View Post
    when you get it wrong, you double down.

    the fact is the US economy expanded at an annualized rate of 2.6% in the 2nd quarter, sweden at the rate of 1.7%.
    Quote Originally Posted by labrea View Post
    At your link, scroll down to "Gdp Annual Growth Rate by Country "

    What does it list as the annual growth rate for the US?

    Next, click on "Europe" under the "Gdp Annual Growth Rate by Country " heading

    What does it list as the annual growth rate for Sweden?
    Quote Originally Posted by labrea View Post
    Apologize for calling me a "damn liar"!
    Quote Originally Posted by Eve1 View Post
    GDP rises 2% in Sweden in first quarter

    Gross Domestic Product of Sweden grew 0.4% in the first quarter of 2017 compared to the previous quarter. This rate is 3-tenths of one percent"} less than the figure of 0.7% published in the forth quarter of 2016.

    The year-on-year change in GDP was 2.2%, 2-tenths of one percent more than the 2% recorded in the forth quarter of 2016.


    Sweden GDP - Gross Domestic Product 2017 | countryeconomy.com

    GDP in United States grows 0.4%

    Gross Domestic Product of United States grew 0.4% in the first quarter of 2017 compared to the previous quarter. This rate is 1-tenth of one percent"} less than the figure of 0.5% published in the forth quarter of 2016.

    The year-on-year change in GDP was 2.1%, 1-tenth of one percent more than the 2% recorded in the forth quarter of 2016.


    At least get your information correct if you are going to compare the two year over year increases and guess what Sweden still wins out over the US and Trump is responsible for the USA not out performing Sweden.

    Uinited States (USA) GDP - Gross Domestic Product 2017 | countryeconomy.com
    Quote Originally Posted by KnotaFrayed View Post
    "The US economy advanced an annualized 2.6 percent on quarter in the second quarter of 2017, following a downwardly revised 1.2 percent expansion in the previous period, matching market expectations, an advance estimate showed. The improvement was boosted by strong consumer spending and a rebound in government consumption while exports slowed and housing investment shrank."

    What does the word "ANNUALIZED" mean to you?
    annualized rate for US GDP in the 2nd quarter 2.6%

    annualized rate for sweden GDP in the 2nd quarter 1.7%
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  9. #59
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    https://www.ft.com/content/bc1712a2-...2-ec9a5c22fe0a

    Krona jumps as Swedish GDP growth blasts through forecasts
    Last edited by labrea; 29th July 2017 at 08:35 PM.

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