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alstry (36.34)

YUP...GDP Numbers BS

Recs

29

July 31, 2009 – Comments (11)

HEADLINE:

U.S. Q2 GDP down 1.0% annual vs -1.2% expected

THE REST OF THE STORY:

U.S. Q1 GDP revised down 6.4% vs -5.5 prev est

Without the revision, the GDP would have been down MUCH MORE than expected.  Based on the revision, we are now getting very close to DEPRESSION range.

With all the wage cuts, layoffs, bankruptices, state and local government cut backs, crashing real estate values, etc....do you really think GDP is going to grow going forward?

The Zombulator is working in full swing.

When 80% of Americas economy is dependent on credit creation and government expenditures after factoring the mulitiplier effect, with credit evaporating and government cutting spending, the Zombulator is about to gut our economy in a manner never seen before.

11 Comments – Post Your Own

#1) On July 31, 2009 at 8:52 AM, alstry (36.34) wrote:

HONEST HEADLINE:

ECONOMY HAS CONTRACTED MUCH MORE THAN EXPECTED

After blowing first quarter GDP calculations, the FED realized our economy contracted almost 20% more in the first quarter than originally reported.  Even though Alstry knew this was the case, the Fed had to create an environment where we could give our banker buddies trillions of dollars and screw the American public.

And if to make matters worse, the Economy is still shrinking in the second quarter, and just like last quarter, we will likely revise these numbers much lower as well.

 

But the BS headlines continue:

Recession Eases; GDP Dip Smaller Than Expected- AP

When data is sequentially falling, it is NOT easing, it is gettnig worse.  If a pulse has fallen 6% and than falls another 1%, the pulse is getting weaker...not stronger.

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#2) On July 31, 2009 at 9:14 AM, alstry (36.34) wrote:

OBAMA SAVES THE GDP!!!!

Advance GDP: -1.0%, and here is why - Federal Spending up 11%

Could you imagine how bad the numbers would have been but for President Obama

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#3) On July 31, 2009 at 9:15 AM, outoffocus (23.50) wrote:

U.S. Recession Worse Than Previously Estimated, Revisions Show

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#4) On July 31, 2009 at 9:23 AM, toopersent (83.06) wrote:

The point here is that GDP is shrinking at a smaller rate.  Did you really expect that after a 5.5% decline (now shown to be 6.4%) that only a quarter later we would be in the green?  Especially since most of the TARP money hasn't even been spent?

I really fail to see how a revised GDP in the PREVIOUS quarter should affect the here and now.  I'm sure the market will go lower on the news, but I'm looking at this as a buying opportunity here. 

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#5) On July 31, 2009 at 9:31 AM, cthomas1017 (98.47) wrote:

Obama?  Don't forget the majority of the members of Congress who have passed the budgets.  And 435 of them come up for re-election in 16 months.  Don't forget who voted for and who voted against this insanity... http://www.usdebtclock.org/  

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#6) On July 31, 2009 at 9:31 AM, alstry (36.34) wrote:

toop,

Just wait for this quarter's revision.....and then the subsequent  revision.....

You can't have corporate sales DOWN 20, 40, 50% across industry after industry and GDP down only 1%.

Mark my words, there will be lots of revisions going foward....DOWNWARD.

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#7) On July 31, 2009 at 9:56 AM, FreundInvesting (29.55) wrote:

Did you see the 0.2% increase in GDP prices? They expected like 2.5% or something... deflation anyone?

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#8) On July 31, 2009 at 10:03 AM, toopersent (83.06) wrote:

yeah, that was a scary figure.

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#9) On July 31, 2009 at 11:09 AM, cbwang888 (25.61) wrote:

This is the same trick they have been doing for financial firms, housing numbers, unemployment rate, ...

Data and books are cooked ...

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#10) On July 31, 2009 at 11:11 AM, outoffocus (23.50) wrote:

Data and books are cooked ...

But it sure smells good doesn't it?

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#11) On July 31, 2009 at 11:46 AM, arboretum (28.56) wrote:

Anyone else think that they somehow "moved" some of the Q2 drop into Q1?

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