I’m not entirely sure what this sentence means, but don’t they do this every quarter?
I guess the GPP numbers could be called: bring me the new numbers??
Reminds me of the old joke: CEO is hiring a new CFO and has 3 candidates. He asks the first what is 2+2. Guy laughs and says 4 of course. “not you, leave” and he asks candidate 2 the same question. 2nd candidate says, well, perhaps you are asking a trick question? What base are you using? “not you, leave” so he asks the third candidate the same question. The third one answers “it is whatever you want it to be”. HIRED.
Eh, 40% off, yeah these are honest numbers. Might as well give us three decimal places with it instead of just one to make it look even more legitimate too.
I seem to remember that the government is now including items of hypothetical valure into the GDP, such as a child’s finger painting that may someday be worth $50k, after they become the first translucent-transexual POTUS.
The constant over estimated amount is a thinly veiled attempt to give a false impression.
By the time the real number is determined, no body is noticing.
This is a low information society.
GDP grew at 1.8% during the last quarter.
But, even according to the Department of Commerce’s last re-computation of GDP growth going back to 1929 the average 1929 - 2007 was 3.2%.
So, we are roughly half of an eighty year average. And, we are happy with it. Why?
Oh yes. To be otherwise would be racist. At least according to the LMSM.
I’ll bet that if you looked inside the numbers for both quarters, you’d see that most of the growth came from the oil patch and related industries.