Just now on M$NBC: 3.5% GDP growth revised down

[Subdivisions]

M$NBC just reported that the 3rd Quarter GDP increase of 3.5% has been revised down to 2.8%.

This kinda shit happens with ALMOST EVERY ECONOMIC NUMBER RELEASED! They give a fake number and then a few days or weeks later, they revise them. The initial number looks great and "better than expected" and the markets get all warm and fuzzy. Then, WHAM! They are revised to the not-so-pretty numbers.

We live in the Twilight Zone.

[tridim]

1. At least it wasn't revised to negative growth.

[Subdivisions]

5. How can we know that for sure? After all,

The first number was wrong.

[Dr Robert]

2. and yet there was still growth...

[Subdivisions]

3. Was there? The first number was wrong. Who's to say ANY number we're given

is the true number?

[Dr Robert]

7. then you can never really know, can you? why even post about a number you think is false?

[Subdivisions]

11. So, you're going to come in here and tell me what to post about? n/t

[Dr Robert]

12. since when did interrogative statements become imperative?

You said the number was complete bullshit.

But you posted a thread about the number being reduced.

If the number is bullshit to begin with, why would they reduce it?
What purpose would that serve, if it's all made up?

[marmar]

4. That's a pretty significant downward revision

nt

[Subdivisions]

6. Yup. Equivalent to billions less in economic activity. n/t

[AllentownJake]

8. At least they didn't try to dump it on Friday

They dump the worst shit on Friday. Is the government open this Friday? Because if I wanted to dump some stinking shit, I'd dump it on Black Friday or the Friday before Superbowl Sunday.

[dysfunctional press]

9. the current numbers will be revised AFTER december 25th...

they're trying to bluff people into the stores and malls.

i call...

[AllentownJake]

10. Retail sales increased

and all reports said sales tax revenue decreased.

Something is funny.

[HughMoran]

13. Posted & discussed at 9AM this morning

Old news -> http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x7078323