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IBDvalueinvestin (99.68)

World governments have Scammed us

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June 29, 2010 – Comments (3)

Why is it that all of a sudden GDP numbers are all being revised down worldwide? Did we get scammed by  the previous released GDP numbers? Then today we have this:

# April leading economic indicator, compiled by the U.S. Conference Board, was revised from 1.7% to 0.3% due to a calculation error.

 Last week:

U.S. GDP revised lower to 2.7% annualized pace‎ -

4 days ago
The revisions to this final reading on first-quarter GDP only highlighted the unbalanced nature of growth as consumer spending was revised lower. ...MarketWatch

 

Euro Zone economy Q4 GDP revised lowerApr 7, 2010 ... European market Update: Euro Zone economy Q4 GDP revised lower;

 

3 Comments – Post Your Own

#1) On June 29, 2010 at 12:12 PM, silverminer (31.25) wrote:

IBD ... now you're catching on. :) Cultivate that skepticism, and you will harvest truth.

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#2) On June 29, 2010 at 12:16 PM, outoffocus (22.83) wrote:

# April leading economic indicator, compiled by the U.S. Conference Board, was revised from 1.7% to 0.3% due to a calculation error.

What, did they "fat finger" that too?

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#3) On June 29, 2010 at 12:34 PM, MoneyWorksforMe (< 20) wrote:

First time jobless claims have also had serious issues recently as myself and MoneyMcbags have pointed out several times.

http://caps.fool.com/Blogs/didnt-1st-time-jobless-claims/405167 

http://caps.fool.com/Blogs/61010-midevening-report/405706

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