I guess the regime didn’t like the real numbers.
Posted on 08/27/2015 6:30:16 AM PDT by BenLurkin
The GDP report, which was released in the wake of a global stock market sell-off, should offer assurance to both investors and cautious Fed officials that the United States was in good shape to weather the growing strains in the world economy.
Concerns over slowing economic growth in China sent global equity markets into a tailspin last week, raising doubts that the U.S. central bank would raise its short-term interest rate next month.
On Wednesday, New York Fed President William Dudley said that prospects of a September lift-off in the central bank's key lending rate "seems less compelling to me than it was a few weeks ago."
The upward revisions to second-quarter growth also reflected the accumulation of $121.1 billion worth of inventories, up from the previous estimate of $110 billion. That meant inventories contributed 0.22 percentage point to GDP instead of subtracting 0.08 percentage point as reported last month.
While the huge inventory build will likely weigh on growth in the third quarter, the blow could be softened by rebounding business investment on capital goods.
(Excerpt) Read more at foxbusiness.com ...
I hope they also included prostitution.
Bullshit!
This is a poor example of an economic news article ... it doesn’t contain the word “unexpected”.
Winston Smith
And O J is innocent, Elvis is living secretly in Switzerland and Obama is a devout Christian.
*DRINK* :)
So SS folks will really get a raise? I doubt it...I think they use different criteria....and the Feds will take it all back with a raise in Medicare Part B. The last “raise”, I wound up with $1 more a month thanks to that little trick
I guess the regime didn’t like the real numbers. What a farce.
When an inventory build up has actual SALES to back it up, that's when an economic recovery & growth happens.
We're not growing at 3.7%. Hell, we aren't growing at 1%.
I guess the regime didn’t like the real numbers.
I call BS.
However, every once in a while you have to get out of the bunker to buy more peanut butter.
Market crashes, Fed out of bullets, so what to do? Why make up Fake good economic news:-)
How can we believe ANYTHING these people say?
They need to keep the counter rally going somehow. This will scare the pants off of market short sellers.
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