Thursday, September 27, 2012

The GDP Dog and Pony Show v.3

September 27, 2012
US GDP downward revision disappointing – Capital Economics

...not as bad as it looks...

...the downward revision was mainly due to a drough-related decline in farm inventories...

Emphasis added.

Urban Dictionary: Drough

Stoner A: Hey man, you got any drough?
Cannabis Provider: Yessir, straight drough, no seeds no stems.
Stoner A: Far out dude, I'm really getting sick of sorting through seeds.


Click to enlarge.

There's no need to be disappointed. We are right on the declining long-term trend!

More dogs! More ponies! More of the same! Hurray!

See Also:
The GDP Dog and Pony Show Update (Musical Tribute)

Source Data:
St. Louis Fed: Real GDP

4 comments:

mab said...

There's no need to be disappointed. We are right on the declining long-term trend!

Nice! Coincidentally, I was in a chipper mood today too after looking at gdp data.

Troy said...

KD likes comparing GDP growth to debt growth . . .

http://research.stlouisfed.org/fred2/graph/?g=b8d

hmmm.

Going back to absolute figures:

http://research.stlouisfed.org/fred2/graph/?g=b8e

double-hmmm

triple-hmmm would be making the observation that the top 5% doesn't leverage up as much as the 50-95%, but the Fed wisely doesn't have /that/ granularity in their data . . .

Stagflationary Mark said...

mab,

It can't be a coincidence! I was in a wood chipper mood.

Tucker: Oh hidy ho officer, we've had a doozy of a day. There we were minding our own business, just doing chores around the house, when kids started killing themselves all over my property.

Stagflationary Mark said...

Troy,

...making the observation that the top 5% doesn't leverage up as much as the 50-95%...

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