Of course they are BS. If the TRUE inflation rate were used, the US has likely been in recession for at least 3 years.
Its the tax rebates. Bush did this to help Republicans to sure up the economy. Don't be suprised if from now until November everything seems a little better.
From "The Boxer" --- Paul Simon "Lie, lie lie.... lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie... "... a man hears what he wants to hear and disregards the rest..."
GDP deflator at 1.1% is BS, clearly inflation at 9% (anecdotally) would knock GDP into big negative figs. I agree with point on the figs being good to Nov.
Why 3 years? Why not 30 years? Actually, very likely the US has been in recession for the last 300 years due to money pump and rampant inflation!!!!
What's predictable is yet another thread posted by you (Aaron) in the trading section that is nothing more than a one sentence (two word) conversational blurb amounting to nothing more than Chit Chat.