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 The new GDP methodology: What you need to know

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joemac

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Posts : 1916
Join date : 2013-04-17
Location : Texas

PostSubject: The new GDP methodology: What you need to know   July 31st 2013, 10:13 am

http://www.marketwatch.com/story/the-new-gdp-methodology-what-you-need-to-know-2013-07-31?siteid=bnbh

Revised all the way back to 1929.  Can't actually and legitimately grow the economy.  Let's change the numbers so magically the economy is growing!  Nothing is genuine anymore.

http://www.cnbc.com/id/100927100

Then to top it off, they revise Q1 to 1.1% from 1.8% to make Q2 seem better.  Lies upon lies.  We know the real deal, we're living it.


Last edited by joemac on July 31st 2013, 1:36 pm; edited 1 time in total
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Diseasel



Posts : 1176
Join date : 2013-02-28
Location : Scottsdale, AZ

PostSubject: Re: The new GDP methodology: What you need to know   July 31st 2013, 11:26 am

This along with fictitious inflation calculations. It's crazy and unfortunately expected from this desperate government. Their message is "pay no attention to the man behind the curtain."


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