[Mad Dawgg]

I got two words...

"Bull" and "S**T"

[skeeter]

AP puts lipstick on a pig.

[Mad Dawgg]

BTW they also report that last quarters' 1.8% is revised...

Wait for it...

Wait for it...

Wait for it...

DOWN... to 1.1%

Minitrue is working overtime!

[Born to Conserve]

1.7% annual “bu!!$hit”

The inflation rate is somewhere around 10-15%!

Corrupt insidious tyranny! Wake up froggie, you’re boiling!

[neodad]

how unexpected...

[bluecat6]

So 1Q was revised from 1.8 to 1.1.

And we are supposed to have any confidence in the 2Q number?

Or is this like the weekly unemployment - the revised is always worse than initial and then that makes new announcement that much ‘better’ even though is purely an apples and oranges headline?

So 1.7 is greatly improved and has momentum? Is that the headline? Um, no. It should not be it. It should be 1.7 as compared to 1.8 (both initial reports). The ‘revised’ will likely be around 1.0 with the track record. Of course then a 1.5 in 3Q will still read as a positive.

The manipulation of headlines is getting so, so tiresome.

[Stevenc131]

Qtr 1 GDP Growth:

2.4% - Initial estimate
1.8% - First Revision
1.1% - Second Revision

Qtr 2 GDP Growth:

1.7% - Initial Estimate

The initial estimates are just phony numbers made up to generate headlines. 1.7% is bad in any way you look at it, and far below the 3% growth needed to drive hiring and really reduce unemployment.

[henkster]

Oh what the hell, they can make up better numbers than this. Why not tell us the economy grew one billion percent? I mean, if you’re going to lie, make it worth while.

[immadashell]

The GDP(2) comes in at +1.7% when the “experts” were expecting +1.0%. That's supposed to look good. HOWEVER, GDP(1) was revised from +1.8% down to +1.1%. If my math works I would say the “experts” were actually “right on” since their estimate could not anticipate or include the revision. There are “lies”, “damn lies”, and government statistics.

[Graewoulf]

Impeachment File on Benghazi Coward “B. Hussein Obama,” formerly known as Barry Soetoro, currently a Legal Citizen of the Sovereign Nation of Indonesia.

[Uncle Miltie]

Summer of Recovery V5.0 (tm)

With growth like this, we’ll be back to full employment in 2027!

[JPG]

1.7%? That sucks but it will suck even more when they sneakily revise it downward to the true number.

[TwelveOfTwenty]

Take away quantitative easing, and what does it look like?