To: PTBAA
Yeah, so they release a modified -2.9% so what’s it really? -5%?
25 posted on
06/25/2014 6:04:00 AM PDT by
MrB
(The difference between a Humanist and a Satanist - the latter admits whom he's working for)
To: MrB
Yeah, so they release a modified -2.9% so what’s it really? -5%?It was really -1.7%. Second quarter numbers are at -1.1%. Both quarters combined come to -2.8%. but if they report the numbers as is, then it qualifies as a recession. So they report -2.9% in Q1 and +0.1% in Q2. Overall number is the same, but no recession.
The goal here is to be able to report positive growth in second quarter. And the only way they can do that is to exaggerate the decline in quarter one.
86 posted on
06/25/2014 6:51:40 AM PDT by
Hoodat
(Democrats - Opposing Equal Protection since 1828)
To: MrB
Yeah, so they release a modified -2.9% so what’s it really? -5%? Yah huh! there ya be!
111 posted on
06/25/2014 7:46:16 AM PDT by
HeartlandOfAmerica
(An army of deer led by a lion is more to be feared than an army of lions, led by a deer.)
To: MrB
“Yeah, so they release a modified -2.9% so what’s it really? -5%?”
Many of us probably had the same response re cooking the books or are these results the pre adjusted semi not final results..
143 posted on
06/25/2014 9:03:41 AM PDT by
Grampa Dave
( Herr Obozo, the Sunni WonDoer, will not divert $'s from his war on Americans to help our Veterans!)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson