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To: John W

GDP 1st qtr revised down from 2.4% to 1.8%. That’s a big drop, but then the first numbers are always fake because they’re the ones that make the headlines.


11 posted on 06/26/2013 12:07:54 PM PDT by Stevenc131
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To: Stevenc131

The first couple of points of GDP is all hedonically indexed vapor. Gross computational units, adjustments for “quality”, owners equivalent rent, free checking accounts, etc. Take out that imaginary fluff and it’s a recession.


12 posted on 06/26/2013 12:15:07 PM PDT by Orangedog (An optimist is someone who tells you to 'cheer up' when things are going his way)
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