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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.
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:
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.
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 . . .
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.
Troy,
...making the observation that the top 5% doesn't leverage up as much as the 50-95%...
A twist on lottery fever: 'You can't lose if you don't play'
MALAD, Idaho — The odds are stacked against Paul Warren of Ogden.
He knows it. And he doesn't care.
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