2013 GDP Growth Rate Closer to -1.75%

Natural Born Conservative ^ | September 21, 2013 | Larry Walker Jr

[1rudeboy]

Looks like Shadowstats is branching out.

[Toddsterpatriot]

Due to a lack of good-quality hard data, the "advance" GDP report is little more than a guesstimate.

If anyone knows about "a lack of good-quality hard data", it's John Williams.

[1rudeboy]

Do you know if he makes money doing what he does? I mean, anyone can draw graph with a line on it, and draw another line underneath.

[Toddsterpatriot]

Nearly every key statistic reported by the Federal Government is a lie.

That's awful. Show us how you calculate your key statistics, John.

[DakotaGator]

Nearly every key statistic reported by the Federal Government is a lie. Virtually every word emanating from Washington, DC is a lie.

Hear, hear!

[Toddsterpatriot]

He sells subscriptions.

Someone noted that despite his claims of much higher than reported inflation, he hasn't raised his subscription rate in years and years.

http://krugman.blogs.nytimes.com/2012/08/25/another-alternative-inflation-measure/?_r=0

OMG! Spanked by Krugman. LOL!

[1rudeboy]

he hasn't raised his subscription rate in years and years

Is that true? Darn shame, if it's the case: one would imagine that his subscription rate would more closely match his stated inflation rate.

[Common Sense 101]

Only in the diseased, perverted “mind” of the libtard could a negative number be associated with “growth”.

[Twotone]

Government is growing & that’s the only growth they care about.

[Praxeologue]

Show us how you calculate your key statistics, John.

Williams' methodology is set out at his website.

I don't see Paul Krugman disagreeing with Williams' conclusions.

[Toddsterpatriot]

Williams' methodology is set out at his website.

Don't keep us hanging, share the fun.

[Toddsterpatriot]

I wonder if the real Walter Williams made him change his name?

[Red Dog #1]

Lies? No there damn lies.

[Praxeologue]

“Williams’ methodology is set out at his website.”

‘Don’t keep us hanging, share the fun.’

http://www.shadowstats.com/article/gross_domestic_product

[Toddsterpatriot]

I didn't see what you claimed at that link.

Maybe you could cut and paste the methodology you saw?

[BfloGuy]

Though the "annualizing" of quarterly GDP numbers is scandalous [even the Europeans don't go that far], I cannot see how this guy arrives at a negative GDP growth rate. It's bad enough that the quarterly rate is really just a shade over 1/4%.

That's statistical noise. A rounding error is more significant.

And, besides, GDP is a worthless indicator of economic growth. Capital growth alone leads to economic growth. Consumer spending and government spending are interesting figures to look at but they don't build new factories or hire new employees.

[DakotaGator]

Indeed!

[central_va]

When you consider that GDP includes govt. deficit spending, real GDP is really negative 3 or 4%.

[NaturalBornConservative]

Oh come on! He uses the same methodology that the federal government used to use prior to 1984. It’s not rocket science, it’s that every few years the federal government changes formulas to make the public feel better. We’re actually in as bad a shape as the chart shows, and most people know that.