nobody believes their crap any more
Wat’s dat I smell cooking? That’d be da books.
Hey!If the numbers charade works for the unemployment rate, we might as well do the same for the economy and we always can revise downward. ...Newly revised figures for the economy show it shrunk by about ....
Bull. Do not believe it.
Here’s an insightful and realistic perspective on the real reasons for “5%” growth:
http://www.zerohedge.com/news/2014-12-23/here-reason-surge-q3-gdp
or the price of gas has dropped enough that people living on the margins could buy some things finally.
There was an interesting article on ZeroHedge about how the BLS simply moved consumer spending on Obamacare spending from Q1, and aggregated it in the present Qtr - giving the economy a sudden $40 billion boost.
http://www.zerohedge.com/news/2014-12-23/here-reason-surge-q3-gdp
make your own judgements...
I’ll wait for the “adjusted” figures to come out before I get excited and wet my pants the way the “media” is doing right now.
Except that they are counting Obamacare premiums as consumer spending. Maybe they should throw in state and federal taxes as consumer spending and the gdp could be up 15%.
I feel things picking up a bit in my little micro solo legal practice. I really think it’s lower gasoline prices. Suddenly, folks have a few bucks to spend on something other than getting to work, like paying a lawyer to do your will or whatever. If we could just keep gas prices low then consumer spending would really start to take off. We could do stuff like drill baby drill and build Keystone. You know, common sense stuff like that.
“providing the strongest evidence to date that the recovery”
I wonder how many consecutive months of those five years could be said to have experienced (technically) “recovery”?
I suspect cooked books, ie counting bozoCare as ‘economic activity”.
Bush’s fault.
Oh.
Never mind.
If true, it’s only because we’re having to replace items that have finally used up their last life after being repaired, nursed along and repaired again.
Bull cocka!