Posted on 08/27/2015 4:20:59 PM PDT by John W
WASHINGTON (AP) -- The U.S. economy staged a far bigger rebound last quarter than first thought, outpacing the rest of the developed world and bolstering confidence that it will remain sturdy in coming months despite global headwinds.
The economy as measured by gross domestic product expanded at an annual rate of 3.7 percent in the April-June quarter, the Commerce Department reported Thursday. That's more than a percentage point greater than the initial 2.3 percent estimate and a sharp upgrade from the anemic 0.6 percent advance during the January-March quarter.
President Barack Obama took note of the good GDP report, saying it showed America remains "an anchor of global strength and stability" with an economic recovery that has been faster and stronger than most other nations.
(Excerpt) Read more at finance.yahoo.com ...
I wonder how this explains all the shuttered businesses I see when driving down the road?
There.
Fixed.
Remember they changed the way they calculate the GDP a year or so ago. The change that they made caused the GDP to jump by at least 2% and even more as they game the numbers. If they used the same method they did before the change, we would have been in a “depression” for the last couple of years.
3.7 =.7 ALWAYS SUBTRACT THREE. ITS THE NEW METHOD.
federal govt revenues from collection of taxes at all time high.
they cant justify their outright f’n thievery without cooked gdp numbers.
What fantasy universe is this in?
The climate guys were hired to re-right the script for “Commerce”.
Take a bow zero.
This only goes to show how broad, deep, and fundamentally strong the American economy is. In spite of everything Obama has done
Man - I haven’t had a drink or other substance for over 27 years but I find myself wanting some of what this guy is on....
Wow, you’re right, it is very nice. I had just grabbed the image for a glib point. They sure took their lies seriously - lol!
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