Posted on 04/27/2012 7:22:21 PM PDT by NoLibZone
U.S. economic growth cooled in the first quarter as businesses cut back on investment and restocked shelves at a moderate pace, but stronger demand for automobiles softened the blow.
(Excerpt) Read more at cnbc.com ...
and it looks like they may be playing games with the deflator in order to make the GDP number look better than it actually is:
“If the raw “nominal” numbers were instead “deflated” by using the seasonally corrected CPI-U calculated by the Bureau of Labor Statistics (BLS) for the same time period, nearly the entire headline growth rate vanishes — and the resulting growth rate would have been a minuscule 0.08% with “real final sales” contracting.”
http://globaleconomicanalysis.blogspot.com/2012/04/gdp-miss-far-bigger-than-announced-real.html
But dude...the Regime says that consumer spending is up so every thing is awesome. They can’t be wrong can they?
This guy hit the nail on the head.
2.2% Real GDP growth with much coming from apartment investment. A NONPRODUCTIVE asset.
Also, overseas jobs for US companies are a 3 to 1 ratio over jobs created in the US. And most are at Pepsi and Coke!
Seriously. A “Cola Recovery.”
and it looks like they may be playing games with the deflator in order to make the GDP number look better than it actually is:
“If the raw “nominal” numbers were instead “deflated” by using the seasonally corrected CPI-U calculated by the Bureau of Labor Statistics (BLS) for the same time period, nearly the entire headline growth rate vanishes — and the resulting growth rate would have been a minuscule 0.08% with “real final sales” contracting.”
plus if 1.6 trillion deficit is subtracted the gdp decreased 10 percent
Next week it will be revised to 1.7.
Meanwhile the libtards are going at each other over dogs. The Beavis and Butthead types are sniffling about who made the snarkiest comeback.
UNEXPECTED!
Experts shocked?
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