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There's a bit of turd polishing at the end, but this pretty much sums up the story:

Whatever the first-quarter GDP number is when reported on April 28, it's likely to be revised and it could easily be negative — or positive. According to a CNBC study, the average error rate since 1990 in government quarterly GDP reports was plus or minus 1.3 percent.

1 posted on 04/08/2016 12:52:21 PM PDT by mykroar
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To: mykroar

They’ll correct in again April 28th, but they will really correct it sometime in Mid November.

After the elections.

It will probably show we started a recession in the 1st quarter of this year.


2 posted on 04/08/2016 1:10:32 PM PDT by skinndogNN
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To: mykroar

I heard one nitwit on the radio today, talking about how this was just a normal revision of the ‘robust numbers’ for the first quarter.


3 posted on 04/08/2016 1:11:00 PM PDT by Tupelo (we vote - THEY decide.)
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To: mykroar

Can I get a refund on the taxes I’ve paid since 2009?

I don’t think I’m getting what I paid for.


5 posted on 04/08/2016 1:36:29 PM PDT by ArGee ("Be polite, be professional, but have a plan to kill everyone you meet." – General James Mattis)
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7 posted on 04/08/2016 3:02:30 PM PDT by DoughtyOne (Ted is the invisible man. When you consider his qualifications, he fades away. Look through Ted.)
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