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Chart(s) Of The Day: A Decade Of GDP Revisions
What is the best word to describe GDP? One suggestion: changing.
Below we present select GDP data revisions over the past decade, from the initial release to the most recent, July 30 2014, nudging of historical GDP data.
First, the "old normal" ancient past:
Then, the Great Financial Crisis years:
And finally, the post-central planning period:
Source: Bureau of Economic Analysis
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We have been in a well hidden depression masked over by debt and government programs since 2000.
DJIA just broke below 50 DMA
http://www.marketwatch.com/investing/index/DJIA/charts?symb=DJIA&country...
C'mon 200!
Bonus points for the other really scary thing on that chart!
MACD divergence?
Moving Average Convergence Divergence below its nine day Exponential Moving Average?
Much moar scary than that Grasshopper..
Use ruler.
Load moar ammo too.
Next revision to occur right before the elections. Should be fun.
*checks popcorn supply*
It’s just a good thing our housing and mortgage market is looking great, MacDonald’s is expanding, Wal-Mart is trouncing the cheapo dollar stores insurgents, US networking products are enjoying the NSA boost, health care costs are declining, good US jobs are expanding, the Hispanic under-class immigrant invasion is under control and there is peace in our time.
Will I need dandruff shampoo?
Not with a super short buzz cut.
You can just use sandpaper.
DOW bombing so far this morning....even the vacuum tube algo-bots aren't believing this bullshit GDP report. They're circuits are starting to smoke:
DOES NOT COMPUTE....DOES NOT COMPUTE....DOES NOT COMPUTE....DOES NOT COMPUTE....error...error...errorrrrr
https://www.youtube.com/watch?v=G6o881n35GU
It depends upon what the meaning of what the word IS is. - https://www.youtube.com/watch?v=j4XT-l-_3y0
Life of Illusion.
Joe Walsh
If there's a flash crash, that's a my bad. Closed all my positions and cashing out.
To quote my former classmate from another life, when he got upset at my refusal to let him copy my work - 'You are just greedy'
Sure, Day Tyler - next you'll tell me they've been fucking with the CPI. You need to be more trusting, man.
joke domestic production number. jdp
Since they changed the calculations, after which dismal -2.9% moved into -2.1%, the revision will be "milder".
Look on the bright side, all that recovery has only cost $11+ Trillion in debt.
Joe Labologna of Deutschbank says +7%; I believe him because his forehead is so large.
Heard it through the grapevine that Mr. Yellen tosses the GDP dice ON his forehead to estimate GDP.
pods
Did you get down voted for saying "only $11 trillion", or was it from someone with a large forehead?
Banco Espirito Santo will announce its earnings today. 3 billion euro loss estimate for the first 6 months of 2014. Bullish or Bearish?
Bullish of course - push comes to shove ECB will bail them out with public debt and public austerity.
I am sure after a few more revisions, it will be impossible to get a negative GDP print.
Well those charts would look a whole lot worse if they actually corrected for all the rabid money printing going on.
GDP should be like shooting fish in a barrel.
Print+ understimate inflation due to printing= Nirvana.
pods
Penny Pritzker is secretary of Commerce and heir to the Hyatt fortune. She's a longtime Chicago political hack, close friend of the Obamas, tax avoider and a major bundler for the Dems. Holder is to Justice what Pritzker is to Commerce.
Now... tell me she won't give Barry the numbers he wants....the Chicago way !
http://www.nationaljournal.com/whitehouse/four-things-to-know-about-penny-pritzker-a-billionaire-and-obama-s-commerce-secretary-pick-20130306
"What is the best word to describe GDP? One suggestion: changing."
I think a better word to describe GDP is RUBBISH.
"Grossly Delusional People" = Feds
This is the same process that happened in 1929. The Fed with their easy monetary policy in the 1920s allowed stocks to generate a huge parabolic move exactly the same as what is happening today. Once the correction starts there's no stopping it.
Smart money is buying commodities real cheap here....Real cheap.
I feel its next to impossible to get deflation in a purely fiat monetary system. At any time the government can print money and mail checks to the population.
The bubble in the stock market is a symptom of the ongoing inflation. If that inflation ever starts to leak out of stocks and go into the commodity markets it's going to bring on stagflation just like the 70's.
Again the smart money is buying commodities.
Anyone else notice Dr COPPER?
Its all and I mean everything is one big circle jerk. When you can revise 90 years of data with the addition of "ideas" or you change the metric of how you gage inflation, or unemployment, what's the point. Its not as if everyone got smarter, and in many cases the PTB are all just spoiled children. We live in a mark to fantasy world, money is created out of thin air, and once again if the "Masters of the Universe" don't like the outcome just change the rules.
Who can believe a government that lies; that in the face of staggering unemployment and recession pockets around the country now trumpets literally boom-time figures?
Didnt know that they can change that long backwards - how often is a revision possible?
I guess "hope and change" refers to the government's method of calculating statistics.