Nice, Fast, Downward Revision To 4Q '07 GDP

Discussion in 'Economics' started by ByLoSellHi, Jul 31, 2008.

  1. Just have to love how accurate and timely government data is....

    ...the recession we all felt, but were told was in our heads (assuming they revise subsequent Qs down).
  2. S2007S



    They dont know what their doing.

    There always revising data the last minute, its like jim cramers call that a bottom is in place after a 500 point rally in the dow.

    :p :p :p
  3. Yes they do. They fudge the numbers on purpose cause they know its ugly, but do not want a stampede out of equities, etc.

    Just love the inflation numbers as well. If they did it pre 1983 style, we'd be running at 12%.

    We have serious negative real growth.