Posted on 05/27/2015 11:37:06 AM PDT by bananaman22
As it appears GDP will be seasonally adjusted again, I find myself wondering just one thing: why?
Earlier GDP figures showed the US economy on the brink of recession for the first two quarters of this year. Now, with more fudging going on, who knows what it will show. The government appears to be following the Hollywood mantra: if you can bend perception enough, it will become reality. Look no further than the Federal Reserve, which continues to raise expectations of higher interest rates in the second half of this year, in hopes of inducing faster growth.
(Excerpt) Read more at oilprice.com ...
Ping.
Generally Accepted Accounting Principles, aka “cooking the books”...
One of my professors in my younger days in El Paso said simply this:
“Are accoutnants crooks? Yep. Are they as crooked as lawyers? Not yet - but they bear watchin’...”
Congress is mostly lawyers cookin’the books, through legal means.
You can go back 2 days on this same web site and get a completely different perspective, also supported by “data”.
If you want to predict accurately every time, wait until after it happens and then do a retroactive prediction.
We have markets and economies so distorted by regulations, corruption and cronyism, then lied about by government and industry analysts, anyone that is ambulatory & potty trained could be just as accurate in their predictions.
There's a pizza glut around here, or rather, I am now living with the consequences of the previous pizza gluts.
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