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Inside the New GDP NUmbers

Seeded on Fri Jul 30, 2010 5:16 PM EDT
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Consumer Metrics Institute News: July 30, 2010 – Inside the New GDP Numbers
John Nyaradi
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Posted on 07/30/10 at 12:48pm by John Nyaradi
Consumer Metrics Institute News: July 30, 2010 - Inside the New GDP Numbers

Courtesy of Rick Davis at Consumer Metrics Institute

Bureau of Economic Analysis ('BEA') released its "advance" estimate of the annualized growth rate of the U.S. Gross Domestic Product ('GDP') during the 2nd quarter of 2010. Per their report, the GDP grew during the quarter at an annualized rate of 2.4%, down from 3.7% in the 1st quarter of 2010. Several points from the report merit comment:

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rochart

More deception out of DC and bernake and wall street!

It never ends.

  • 2 votes
Reply#1 - Fri Jul 30, 2010 5:17 PM EDT
Nofluer

Nominated for "Biggest Understatement" -

Apparently the "Great Recession" has been worse than our government has previously reported.

ROTFLMBO!!! And Foot-in-mouth Biden said that this is the "Bush Recession." Fine. If it was the Bush recession, then we can call the rest of it the "Obama Depression!"

LADIES AND GENTLEMEN - YOUR ATTENTION PLEASE...

Current bubble unwinding as I write this - Commercial Real Estate.

For our NEXT bubble, may I direct your attention to the BOND MARKETS!!! (As the financial world and markets CONTINUE to be nearly totally UNregulated and as the SEC goes into Stealth Mode thanks to passage of the recent "financial regulation" law!!!)

  • 2 votes
Reply#2 - Fri Jul 30, 2010 6:34 PM EDT
rochart

Somebody in dc just can't get all of the numbers to add up...the way they want them to add up!!!

  • 2 votes
#2.1 - Fri Jul 30, 2010 8:55 PM EDT
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