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@LaVorgnanosense
First this...
We are revising down our estimate of Q1 real #GDP growth to +2.0% from +3.1% previously in light of the deterioration in net exports.
— Joseph A. LaVorgna (@Lavorgnanomics) April 3, 2014
.... then this.
We are adding one full percentage of growth back to our estimate of current quarter real GDP which is now 4.2%.
— Joseph A. LaVorgna (@Lavorgnanomics) April 3, 2014
At least it's not this.
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A tap on the shoulder perhaps?
How does this douche even have a job....He makes more shit up than a weather man.
DO YOU KNOW WHAT THE BAD THING IS WHEN YOU'RE TAKING A GOOD MORNING DUMP?
eventually... you run out of shit.
My grandpa used to say that when we where kids.
And before he went to the toilet, he always said: "AAHH, BEST PART OF THE DAY!" and off he went with his newspaper. We never saw him back before noon.
You want growth? Bitcoin is falling into the $300s!!!
This is your chance to scoop up this world-changing technology cheap that is heading into the trillions (as the dollar collapses).
BUY NOW!!!
So is his use of 'we' supposed to add credibility to his statements?
No rationale needed, no explanation of where this 'full % point of GDP growth' is meant to come from?
This is what he's saying: "Q1 grew 1% less than we thought it would. Therefore, de facto, Q2 will grow 1% more than we previously expected it to!"
"I'm constipated, therefore my shit should be twice as large tomorrow."
Contact the author at, "LaVorgna @ Lackey.gov".
We'll be seeing a LOT of this in the run-up to the elections.
Remember, If you like your senator, you can keep your senator.......PERIOD!
Better yet buy FBI-Coin or CIA-Coin!
Yes because the CIA and FBI actively works to destabilize the dollar (according to mentally feeble ZH posters)!!
when you reference "feeble" are you looking in the mirror or down the barrel of one of your shotguns?
BTFD
You want growth? Bitcoin is falling into the $300s!!!
This is your chance to scoop up this world-changing technology cheap that is heading into the trillions (as the dollar collapses).
BUY NOW!!!
LOL!
Why stop there, Joe? 12% is as realistic as your number...
But hey, whatever gets you more clicks and airtime on CNBC.....
He is a little bit late -- April 1st was two days ago.
I see what he is doing..... DB is downgrading their uber bullish look at Q1 GDP but going even more uber bullish on Q2 GDP... this must be because of the weather.... nevermind the fact that 90% of the US population is broke and indebted into their fucking eyeballs. Yup... those 90% will keep spending...
Because making shit up IS his job!
eCONomist.
Who gives a fuck about corporate growth when there's nothing but shitty jobs to be had (if one is 'fortunate' enough to find one).
when a tree falls.....
when an asshole tweets .....
Lavorgna is a fucking idiot
Dude looks like Moriarty.
he looks like geithner...and both cocksuckers look like beavis.
Yep, the guy's a fucking weasel. No offense to weasels.
None taken:)
As I was watching Sherlock, I kept thinking, why does that insane Moriarty guy look so familiar? Now I know.
Imagine a world where you could make wild data speculations, be proven incorrect 90% of the time and get paid >$1MM a year...it exists!
They have a typo in the date.
It''s insane !!!
Looks like he has all the bases covered.
/eyeroll
Hey Joseph A. LaVorgna!!!!
FUCK OFF AND DIE YOU FUCKING SCHWEINHUND!!!!!!!!!!!!!!!!!!!!!!
Never right but he's paid to suck in the unwashed masses. That fivehead of his could have been the landing strip for the malaysian jetliner. Oh yeah, he's a giant pompour douche
Joe Bologna.
If ever there was a face that said punch me, I'm an annoying little prick.... his is it.
Agreed Doc,and after punching the living shit out of this prick condem him to working in an underground coal mine for the next 30 years of his life
So what happened in those 27 minutes that caused him to revise his forecast by 2.2% (or approx $350 Billion)? I assume his excel goal seek malfunctioned
like I posted in the other GDP thread nearly an hour ago:
"piece 'o cake. Just go back and revise the old GDP numbers all the way back from 1913 to present. Add a bunch of good shit...redact a bunch of bad shit. Shift some numbers here and there...ya know, just like they calculate inflation. And whoalla!!!
Best damn GDP ever, bitchez!!!
Then just keep repeating that you're "Winning!!!" and deny all manipuflation and that anyone who disagrees are just uneducated, redneck, racists and you're good to go.
Isn't that how a successful economy works?"
***thanks for not letting me down "lavorgnanomics"...what kinda loser thinks he can combine his name with economics and be taken seriously?
Word must be out that the newly-created GDP intellectual property component will be even moar massive !!
" anyone who disagrees are just uneducated, redneck, racists and you're good to go."
Option #1: "Thats why I'm richer than you!"
Option #2: "Where did you study economics, Jan?"
S A
The GDP will NEVER be a problem again. There is a ton of activity that can still be 'imputed'.
Do you brush your teeth? Has that been counted as productive economic activity? No...we need a bump let's count all the strokes.
Hey....we had growth last quarter....see how easy that was?
GPD means NOTHING...it is a figment...like data from China....just a suggestion of how someone would like it to be.
That's 21 weather-excuse tweets in the first 3 months of the year...almost 2 a week.
Does anybody have today's weather forecast handy? I want to know if I should be buying or selling today.
it's been sunny here in Florida all winter long, but it still sucks just the same.
I guess some people's sunshine isn't as good as other people's sunshine.
looks perfect out my way. maybe bad weather is good for growth?
or maybe good weather is bad for growth?
or maybe weather itself is the problem and we should ban weather "and all weather related activities"?
clearly we need to back end load this "very naughty boy" recovery either way...otherwise how else not to assuage our "correction prevention team."
Can we get a professional MillionDollarBonus comment on this?
Who got to him? What kind of threats did he receive?
I would say it was sort of like the Frank Rizzo threat:
"you buy this fuckin' car or I break your fuckin' face"
Fuck it, I'll take some of whatever this guy is putting in his coffee every morning.
Ha ha ha ha more fake numbers from the fake economists who talk about the fake economy.
I think Joseph missed his true calling in meteorology.
@LaFornicantionofyerMOOLA
The Twittertwatting fuck......
We are adding a full point, because we just discovered we were using the old GDP calulation... The "never again recession" GDP calculation has been fully intergrated into our algo.
Thanks again,
Joe
Well done Tylers!
Now can you do the same chronolgy of emails for JPM and Goldman?
I guess these revisions might cause frustration to someone if he wasn't totally fucking irrelevant.
Fed Jeremy Stein announces surprise resignation.
http://www.marketwatch.com/story/fed-gov-jeremy-stein-announces-hes-resi...
WTF?
Is this guy from Colorado?
""iiiiiilllllllllllllllllllllllllll < pass it around, it's what he's smokin
Fed Gov. Jeremy Stein announces he's resigning
Federal Reserve Governor Jeremy Stein, an increasingly influential official at the central bank with about four years left on his term, on Thursday announced he was resigning in a surprise move. In a letter to President Barack Obama released by the Fed, Stein didn't explain why he wanted to return to teaching at Harvard University's department of economics. "During my time here, the economy has moved steadily back in the direction of full employment, and a number of important steps have been taken to make the financial system stronger and more resilient," he said, adding there's more work to be done on both dimensions though progress has been made. The 53-year-old's resignation as governor of the Federal Reserve is effective on May 28. The Federal Open Market Committee already is down three members as it awaits the Senate confirmation of Stanley Fischer and Lael Brainard, and as Obama has yet to name a replacement for Elizabeth Duke. Stein had been influential in pushing the central bank to account for the risks to financial market stability in setting interest rate policy, and in particular was a leading voice in favor of tapering the central bank's bond-buying policy. Read the resignation letter.
Joey Baloney strikes again.
He can't even add. He starts with 3.1%, goes down to 2%. Then adds 1% (to what?), and ends up with 4.2%. WTF?
This guy drinks a LOT of kool-aid.
what a babbling fool
AHHHhhhh Haaa Haaa Haa!!
What a fucking sTOOL. Is he going to give us the new hedonically adjusted formula? The one that uses a special dart?
Chief US Moron. Idiot!
Speaking of want to be weathermen I wonder if there is any correlation between El Nino and the economy?
LOL
Whatever you think of LaVorgna, you have to be quite the moron to not understand that "current quarter" is Q2, and that what he did was cut his Q1 estimate and raise his Q2 forecast. Not rocket science folks.
Which ever way the wind blows (aka it's the weather stupid!!) -- can I get his salary saying that?
insufferable fraud.
Lavorgnanomics. Narcissistic prick.
"We are revising down our estimate of Q1 real #GDP growth to +2.0% from +3.1% previously in light of the deterioration in net exports."
— Joseph A. LaVorgna (@Lavorgnanomics) April 3, 2014
"We are adding one full percentage of growth back to our estimate of current quarter real GDP which is now 4.2%.
— Joseph A. LaVorgna (@Lavorgnanomics) April 3, 2014"
Sorry - just dropped some acid and pretty confused right now
OT...Haven't heard from Boris lately. Did he go back to the Motherland and get sanctioned?
Replaces it with ban on LaVorgna.
Moron...
Betting big on WWIII?
Ignore this Joe and consider listening to the real Joe Lovano play the saxophone.
Thank goodness he's not managing my money and I have my money invested with an HFT front-runner
Frunt Bumper Douche Master.
Tyler he meant to say that he was adding full inch to his penis which is now at 4.2"..