Huge Japanese GDP Miss: 1.3% Revised Versus 4.8% Preliminary, 2.8% Consensus
And so Goldman will be forced to start revising its forecasts ever lower. Revised GDP came out at 1.3% versus preliminary annualized numbers of 4.8%. Now that's a miss that would make even the BLS and the D.C. propaganda bureau blush. Expectations were for 2.8% GDP.
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on Tue, 12/08/2009 - 19:28
#157295
I disagree. Nothing would make the BLS and D.C. propaganda bureau blush. I thought I would never say it but this new guy, Obama, is an even bigger liar than Roosevelt, which is truly astonishing.
on Tue, 12/08/2009 - 19:36
#157304
The Japanese Economy is racist...how else to explain the lack of reaction to the ONE's tender ministrations of the worlds economy. He gives sight to the blind and ...
on Tue, 12/08/2009 - 19:36
#157307
Why put out bad numbers anymore? Just fake it. Follow our lead world!
on Tue, 12/08/2009 - 19:38
#157312
lovin' my leap puts on the EWJ. the idiocy just breeds more profit as a prelude to the Nikkei going to ZERO or 0.01.
on Tue, 12/08/2009 - 19:39
#157313
Hey, what's a 73% miss among friends?
on Tue, 12/08/2009 - 19:40
#157316
Now that's a miss that would make even the BLS and the D.C. propaganda bureau blush.
Sorry TD, gotta disagree with you on this one: there is NOTHING that makes the D.C. crew blush.
*******
Memorandum
TO: Hilda Solis, Secretary of Labor
FROM: Rahm
RE: Proper Number Massaging, Lesson from the Japanese
Madame Secretary:
What the Phuck!
Did you see how Japan was able to overestimate their GDP growth and later revise it down lower than the number of SEC prosecutions that have occurred under Mary Schapiro? Nobody will blink an eyelash and that is the lesson you must learn now!
I know you were bragging big time about the BLS pencil pushers knocking down the unemployment figures so Barry could look good on this jobs summit mid term election strategy, but you are not even close to Japan. Those little phucks know how to lie and now I have to deal with your prevaricating incompetence in additon to Geithner's.
I fully expect to see job GAINS for the December report with a U3 number of 9.1% and I want it published in advance of the post Xmas sales specials, got it? And let me make this very clear: if I see that birth/death adjustment in January coming in anywhere even close to the expected minus 800,000 jobs, you'll be lucky to get a job in my administration as an assistant window caulker in Wasilla, Alaska.
Geez, I would've thought you would have learned something from your husband's income tax massaging skills...what the phuck!
on Tue, 12/08/2009 - 19:42
#157320
So is this real or fake...I can't tell anymore :(
on Tue, 12/08/2009 - 21:13
#157416
Dear Rahm,
I would appreciate it in the future if you would just trust me. We have to do these things slowly. I guarantee you will be thrilled with the JAN numbers since we already have them calculated to jump start the market in the 2010.
As for my husband's massaging skills, he learned those from a Thai hooker (who is also an accountant) and refuses to use them on me unless I take it from behind. You've already worn me out, pretty boy.
Sincerely,
Hildy
on Tue, 12/08/2009 - 21:23
#157429
I hope you are feeling better Howard!
on Tue, 12/08/2009 - 21:26
#157431
I'm trying to. Definitely trying to get my brain back. If you have a minute go to Japan's Gov't Encourages U/E on the contributor posts up top and see if you can add anything or refute anything in my post to SMU (first post).
on Tue, 12/08/2009 - 21:45
#157448
keep plugging away as i'm sure you will.
i have to admit i lost my brain some time ago and i don't think i want it back!!
will ck the post.
on Tue, 12/08/2009 - 22:16
#157474
It has been times like yours I wish there were a confidential "concerned mom" service that I could use to provide a bit of a break for ya. I hope your current regimen does the trick for you. Peace pal.
BTW Hildy, that may work out better for foot care in any case when working with boys of that nature since I am sure Rahm would love to toss in a pedicure for ya if do the numbers well and tell him more about your husbands accounting services.
on Tue, 12/08/2009 - 22:20
#157485
You know Miles, Rahm has been such a literal pain in the ass. As for the current regimen--it had better work since my intestines are in my mouth. Thanks big bro.
on Tue, 12/08/2009 - 23:09
#157527
Sure beats the heck out of that nasty chemical flavor that comes with the max drip hospital water does noting but enhance. You remain in my daily remembrance lilsis. As a side note I have discovered that the strawberry flavored Mentos brand chewing gum does help quite a bit, for me anyway. I had been to the point of trying regular Mentos mints and Pepsi to see if that reaction could power the nasty out. Strange discovery that strawberry deal was. Peace
on Tue, 12/08/2009 - 23:40
#157554
Holy shit....Bernie Sanders is on Colbert right NOW!
on Tue, 12/08/2009 - 23:50
#157559
I love it! Ben and Jerry running the Fed. Might work.
New flavor from Colbert: Credit Crunch.
on Tue, 12/08/2009 - 23:59
#157564
Colbert is eating this conservative Wiki butthead for breakfast. Love it.
on Tue, 12/08/2009 - 23:50
#157560
Sanders says Ben & Jerry would do a better job than Bernanke. Colbert: new flavor--Credit Crunch.
Sanders was lisp free. Sign his petition to get rid of Bernanke:
http://sanders.senate.gov/petition/?uid=5d1836fe-d883-42bc-af09-4e593a6cab76
on Wed, 12/09/2009 - 01:11
#157598
No can do my friend. Gotta stay off the radar screen, Howie! The best work is done underground.
on Tue, 12/08/2009 - 23:44
#157557
Gotta try the mentos...Right now the fruit gums and antacids are helping.
on Tue, 12/08/2009 - 22:32
#157493
lulz, DH, lulz!
on Tue, 12/08/2009 - 19:40
#157317
They must not have gotten the memo to cook the books! A recovery is coming! Our elected looters will have this recovery even if they have to fudge all the numbers on all levels like Mao's industrial plans. Sure it killed untold millions by starvation and caused enormous suffering but it pleased the ruling elite to report good number. Sometimes the people's lives must be sacrificed to create a good number.
on Tue, 12/08/2009 - 20:20
#157372
Re: "They must not have gotten the memo..."
Um, they wrote the original memo in 1989. Pretend, extend, don't write down bad loans. Everything will be fine. Nothing to see here, move along.
on Tue, 12/08/2009 - 19:54
#157343
I think Japan would be better off if it gave the type of numbers that China gives to all the China bugs in this country. I mean, after all, China would not lie about GDP would they?
on Tue, 12/08/2009 - 20:07
#157360
"Japanese GDP Revision Unexpectedly Drops From Prelim, Remains Positive In Sign Global Recovery Is Still Underway"
on Tue, 12/08/2009 - 20:37
#157398
You work (or have worked) for AP?
on Tue, 12/08/2009 - 20:43
#157400
"All of the increases in Chinese industrial production and expected further quantitative easing and support for durable goods imports from the United States require us to add positive growth expectations to our assessments of the Japanese economy over the next few quarters."
on Tue, 12/08/2009 - 21:11
#157417
And now that the carry trade is back on our side (those damn Americans thought they could just steal it), we will be just ducky.
on Tue, 12/08/2009 - 22:28
#157487
"We at the Japan Post Bank are pleased to announce record account transfers from the day trading mother and retiree segments of our retail investment market segments in the expectation that potential gains in interest rate arbitrage will see steady improvements over the short and medium term".
on Tue, 12/08/2009 - 23:25
#157543
"Since negative short term rates have proved tried and true, we know we are safe again from the fear of earning money on our savings accounts. These last several months have been scary".
Anonymous 23 yr old Japanese economist
on Tue, 12/08/2009 - 23:01
#157520
They should be doing so much better, look at China's GDP, it never misses;)
on Wed, 12/09/2009 - 00:02
#157568
They elected a new government since the last report. Both reports are probably fake.