[Ghost of Philip Marlowe]

When you have a running total on the decline, it only makes sense that the percent of decline lessens.

I think the cumulative is 12% down from a year ago.

That is the horrible number we need to “bear” in mind, not this ridiculous spin that tries to make a 1% (soon to be revised to closer to 2%) decline in GDP is somehow good news.

But hey, watch the markets rally like never before.

It’s all a scam at this point.

[MinorityRepublican]

That’s correct. We’re still in the most severe recession of post World War II. And many economists have shared concerns that we may not see signs of recovery until as late as 2011.

[outlawjake]

Yea was wondering how they tally the numbers.. so the 1% drop is actually 1% worse than the same quarter last year which was already dropping.. is the way i understand it..

[TitansAFC]

I get a kick out of watching people take credit for the natural upturns in the business cycle. Eventually, over a five-year span, we start going up the incline instead of sliding down the decline.

At which point, it magically becomes “Obama’s Economy.”

[PSYCHO-FREEP]

What is really sickening is them taking credit for it.

It is quite normal for the GDP to be at it's very strongest during the months of July and August, because the agricultural and industrial sectors are helped out by the usual peak in seasonal commerce, etc.

To say that it is only losing a 1% decline, and is therefore a sign the economy is “roaring” back, when it traditionally should be 5% above it's usual positive average this time of year is completely a juvenile fantasy.

This kind of Lemming/herd mentality is helping me recover my previous losses and I will take everything I can get, but before November, I will head for solid cover and pull everything out of the American markets.