Posted on 08/28/2014 8:30:21 AM PDT by SeekAndFind
On Thursday, the Bureau of Economic Analysis released its second estimate of real gross domestic product for the second quarter of 2014 — covering April, May and June of this year. The release showed output in the U.S. increasing at an annual rate of 4.2%. This is relative to the first quarter when real GDP declined a sharp 2.1%.
The revision is up marginally from BEA’s 4% advance estimate released last month. The revision, BEA said in a release, was largely due to a larger than previously estimated increase in nonresidential fixed investment. However, the increase in private inventory investment was smaller than previously estimated. Of the revision the BEA wrote, “The general picture of economic growth remains the same” as when it released the advance estimate.
The 4.2% growth in real GDP reflected growing personal consumption, private inventory investment, exports, both residential and nonresidential fixed investment, as well as local government spending. The gains were partially offset by an increase in imports, which negatively impact GDP, and a 0.9% decline in federal government expenditures.
(Excerpt) Read more at forbes.com ...
and no one pays any attention,because they know it’s all lies
Aircraft orders.
I don’t believe these numbers for 1 second. Must have changed the formulas or just picked a number from the air that they thought sounded good.
RE: Aircraft orders.
So, airline and travel industry doing very well?
This despite Malaysia Airlines?
Dung. Pure dung.
Anyone believing these numbers should call me immediately. I have a bridge in NY available at a very reasonable price to a smart, discriminating owner.
Ah, yes...coming on the heels of predicting anemic <1% growth through the rest of the year.
Does the euphoria experienced on a real roller coaster ride really translate to the stupid people for which this garbage is intended?
Dunno...my stomach’s still stuck on economic ‘flat spin’...
El toro caca
“Oh, yes sir. Bit me right in the buttocks. They said it was a million dollar wound, but the army must keep that money ‘cause I still haven’t seen a nickel of that million dollars.”
RE: I have a bridge in NY available at a very reasonable price to a smart, discriminating owner.
Is it a toll bridge? If not, I’m not interested... (HEH HEH)
The “numbers” will be “adjusted downward” right after the November elections, and a lot of the lies the RATS have been telling will stop. And probably Lois Lerner’s e-mails will turn up on a coffee table in the White Hut.
This is, how you say, “warmed leavings of a male cow.”
/obscure sci-fi novel reference.
By sheer coincidence, I have some wonderful oceanfront property in eastern Idaho. Perhaps we could offer some well-heeled and uh, “savvy” buyer a package deal? :-)
1st quarter wasn’t near as bad as that. 2nd quarter wasn’t near as good as that. In addition to the regular chicanery, they appear to have moved about 1.8% from 1st quarter into the 2nd quarter. “building momentum” heading into an election.
Because the next Quarterly report in November with “positive” news would be too late for the mid-terms ....
No problemo. In a week or so on a Friday evening, the revised numbers will be released showing the giant OOPS! that was made in the initial assessment.
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