U.S. Economy Expanded at a 4% Annual Rate in Second Quarter
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Não quero desmoralizar, mas vendi tudo às 11h00 na perspectiva de estar liquido para amanhã de manhã... nã o fiquem tristes mas queria ver se isto hoje baixava à fartazana 
Be Galt. Wear the message!
The market does not beat them. They beat themselves, because though they have brains they cannot sit tight. - Jesse Livermore
The market does not beat them. They beat themselves, because though they have brains they cannot sit tight. - Jesse Livermore
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Recessão
Eu penso que o mercado esta com mais medo da recessão nos USA :
Os futuros US acentuaram as quedas apos as publicações e preparamo-nos para uma abertura no vermelho.
Os futuros US acentuaram as quedas apos as publicações e preparamo-nos para uma abertura no vermelho.
... if you feel like doubling up a profitable position, slam your finger in a drawer until the feeling goes away !
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E já agora: os pedidos de subsidio de desemprego nos EUA foram para os 334 mil. A previsão era de 320 mil.
Be Galt. Wear the message!
The market does not beat them. They beat themselves, because though they have brains they cannot sit tight. - Jesse Livermore
The market does not beat them. They beat themselves, because though they have brains they cannot sit tight. - Jesse Livermore
-
- Mensagens: 2558
- Registado: 8/8/2007 14:38
- Localização: Lisboa
The Fed's preferred inflation measure, which is tied to consumer spending and strips out food and energy costs, rose at a 1.3 percent annual rate, the smallest gain in four years.
Ou seja, o Fed tem a porta aberta para a baixa das taxas de juro.
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Finance and Investments
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Finanzas y inversiones
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Finanças e investmentos Finance and Investments Finances et investissements Finanzas y inversiones Finanza e investimenti 财务及投资作出Portugal, Brasil, Angola, Moçambique, United Kingdom, Ireland (Éire), USA, France, Belgique, Monaco, España, Italia, Deutschland, Österreich, Luxemburg, Schweiz, 中国
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U.S. Economy Expanded at a 4% Annual Rate in Second Quarter
U.S. Economy Expanded at a 4% Annual Rate in Second Quarter
By Courtney Schlisserman
Aug. 30 (Bloomberg) -- The U.S. economy expanded in the second quarter at the fastest pace in more than a year as exports surged and business spending accelerated.
Growth was revised up to a 4 percent annual rate, according to a report today from the Commerce Department in Washington. The median forecast of economists polled by Bloomberg News was 4.1 percent. The economy grew at a 0.6 percent pace in the first quarter.
The outlook for the second half of 2007 has soured in recent weeks as concern about subprime mortgages restricted access to credit. Federal Reserve policy makers this month said risks to growth had ``increased appreciably'' and economists at JPMorgan Chase & Co. and Lehman Brothers Holdings Inc. are among those that have reduced forecasts.
``The economy was in reasonably good shape heading into the recent credit crunch,'' Andrew Tilton, an economist at Goldman Sachs & Co. in New York, said before the report. ``The epicenter of the damage will be the housing sector, but we do expect some effects on the consumer and on the labor market as well.''
The median forecast in the Bloomberg News survey reflected responses from 81 economists. Estimates ranged from 3.2 percent to 4.5 percent. Commerce last month calculated the second-quarter growth rate at 3.4 percent
Today's report is the second of three released by the government. The figures will be revised again next month.
A bigger jump in exports and smaller gain in imports contributed to a reduction in the trade deficit, the report showed. Trade contributed 1.4 percentage points to growth, the most since 1996.
Commercial Construction
Spending on corporate construction projects and new equipment also boosted growth. Commercial construction jumped 28 percent, the most since 1981. Investment in equipment increased at a 4.3 percent pace, almost double the previous estimate.
Inventories, which were forecast to play a role in the projected increase in growth, were little changed from the July report.
``We still had very slow inventory growth in the first half of the year and that's actually good news,'' David Kelly, an economic advisor at Putnam Investments LLC in Boston, said before the report. ``They're going to have to pick up accumulation of inventories in the second half.''
The Fed's preferred inflation measure, which is tied to consumer spending and strips out food and energy costs, rose at a 1.3 percent annual rate, the smallest gain in four years.
Fed policy makers on Aug. 17 cut the rate charged on direct loans to banks to increase the availability of capital after global stock markets plunged on concern that the subprime default crisis would spread.
Fed Change
In highlighting risks to growth, policy makers reversed their stance from their last meeting on Aug. 7 that inflation was the biggest concern for the economic expansion.
Traders and economists expect the Fed to lower its benchmark overnight lending rate between banks at or before policy makers next meet on Sept. 18. Chairman Ben S. Bernanke will discuss housing and monetary policy tomorrow, when he addresses the Kansas City Fed's annual symposium in Jackson Hole, Wyoming.
Declines in residential construction subtracted 0.6 percentage point from growth in the second quarter, more than previously estimated.
Housing will probably deduct about a percentage point from economic growth at least through early 2008, according to economists at JPMorgan Chase.
Lower Forecasts
As a result, growth will average 2.25 percent in the six months starting in October, a percentage point less than previously projected, Bruce Kasman, JPMorgan Chase's chief economist, said in a note to clients last week.
Lehman Brothers lowered its forecast last week for the period covering October through June 2008 to 1.8 percent, almost a half percentage point less than previously thought.
In one of the earliest economic readings to cover August, consumer confidence dropped by the most in two years, the Conference Board said this week. The measure retreated to 105 this month and the share of people who said jobs are plentiful declined.
In today's report consumer spending, which accounts for about 70 percent of the economy, was revised up to an annual rate of 1.4 percent from an initial estimate of 1.3 percent. The gain was still the smallest in a year.
`Still Buying'
``Our consumer is impacted obviously because they see the value of their homes go down, there's a sort of wealth effect,'' Farooq Kathwari, chief executive officer of Ethan Allen Interiors Inc., said in an interview on Aug. 28. ``Yet they're still interested in furnishing their homes, they're still buying.''
The borrowing restrictions that banks are enforcing are a challenge to potential homebuyers and to some businesses, economists said. Still, growing profits will help support business spending.
Today's GDP report included a first look at corporate profits for the quarter. Earnings adjusted for the value of inventories and depreciation of capital expenditures, known as profits from current production, rose 6.4 percent, the most in more than a year, to an annual rate of $1.65 trillion. Compared with a year earlier, profits were up 4.5 percent.
To contact the report on this story: Courtney Schlisserman in Washington cschlisserma@bloomberg.net
Last Updated: August 30, 2007 08:30 EDT
By Courtney Schlisserman
Aug. 30 (Bloomberg) -- The U.S. economy expanded in the second quarter at the fastest pace in more than a year as exports surged and business spending accelerated.
Growth was revised up to a 4 percent annual rate, according to a report today from the Commerce Department in Washington. The median forecast of economists polled by Bloomberg News was 4.1 percent. The economy grew at a 0.6 percent pace in the first quarter.
The outlook for the second half of 2007 has soured in recent weeks as concern about subprime mortgages restricted access to credit. Federal Reserve policy makers this month said risks to growth had ``increased appreciably'' and economists at JPMorgan Chase & Co. and Lehman Brothers Holdings Inc. are among those that have reduced forecasts.
``The economy was in reasonably good shape heading into the recent credit crunch,'' Andrew Tilton, an economist at Goldman Sachs & Co. in New York, said before the report. ``The epicenter of the damage will be the housing sector, but we do expect some effects on the consumer and on the labor market as well.''
The median forecast in the Bloomberg News survey reflected responses from 81 economists. Estimates ranged from 3.2 percent to 4.5 percent. Commerce last month calculated the second-quarter growth rate at 3.4 percent
Today's report is the second of three released by the government. The figures will be revised again next month.
A bigger jump in exports and smaller gain in imports contributed to a reduction in the trade deficit, the report showed. Trade contributed 1.4 percentage points to growth, the most since 1996.
Commercial Construction
Spending on corporate construction projects and new equipment also boosted growth. Commercial construction jumped 28 percent, the most since 1981. Investment in equipment increased at a 4.3 percent pace, almost double the previous estimate.
Inventories, which were forecast to play a role in the projected increase in growth, were little changed from the July report.
``We still had very slow inventory growth in the first half of the year and that's actually good news,'' David Kelly, an economic advisor at Putnam Investments LLC in Boston, said before the report. ``They're going to have to pick up accumulation of inventories in the second half.''
The Fed's preferred inflation measure, which is tied to consumer spending and strips out food and energy costs, rose at a 1.3 percent annual rate, the smallest gain in four years.
Fed policy makers on Aug. 17 cut the rate charged on direct loans to banks to increase the availability of capital after global stock markets plunged on concern that the subprime default crisis would spread.
Fed Change
In highlighting risks to growth, policy makers reversed their stance from their last meeting on Aug. 7 that inflation was the biggest concern for the economic expansion.
Traders and economists expect the Fed to lower its benchmark overnight lending rate between banks at or before policy makers next meet on Sept. 18. Chairman Ben S. Bernanke will discuss housing and monetary policy tomorrow, when he addresses the Kansas City Fed's annual symposium in Jackson Hole, Wyoming.
Declines in residential construction subtracted 0.6 percentage point from growth in the second quarter, more than previously estimated.
Housing will probably deduct about a percentage point from economic growth at least through early 2008, according to economists at JPMorgan Chase.
Lower Forecasts
As a result, growth will average 2.25 percent in the six months starting in October, a percentage point less than previously projected, Bruce Kasman, JPMorgan Chase's chief economist, said in a note to clients last week.
Lehman Brothers lowered its forecast last week for the period covering October through June 2008 to 1.8 percent, almost a half percentage point less than previously thought.
In one of the earliest economic readings to cover August, consumer confidence dropped by the most in two years, the Conference Board said this week. The measure retreated to 105 this month and the share of people who said jobs are plentiful declined.
In today's report consumer spending, which accounts for about 70 percent of the economy, was revised up to an annual rate of 1.4 percent from an initial estimate of 1.3 percent. The gain was still the smallest in a year.
`Still Buying'
``Our consumer is impacted obviously because they see the value of their homes go down, there's a sort of wealth effect,'' Farooq Kathwari, chief executive officer of Ethan Allen Interiors Inc., said in an interview on Aug. 28. ``Yet they're still interested in furnishing their homes, they're still buying.''
The borrowing restrictions that banks are enforcing are a challenge to potential homebuyers and to some businesses, economists said. Still, growing profits will help support business spending.
Today's GDP report included a first look at corporate profits for the quarter. Earnings adjusted for the value of inventories and depreciation of capital expenditures, known as profits from current production, rose 6.4 percent, the most in more than a year, to an annual rate of $1.65 trillion. Compared with a year earlier, profits were up 4.5 percent.
To contact the report on this story: Courtney Schlisserman in Washington cschlisserma@bloomberg.net
Last Updated: August 30, 2007 08:30 EDT
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