us department of commerce bureau of economic analysis: DO YOU TRULY BELIEVE GDP IS GROWING?
- 10/09/10 01:56 PM
It curls my hair, and I don't have any hair to curl, when the press spins economic news. Yes, it is true that the GDP reported a growth of 1.7% for the 2nd quarter of 2010 which is in fact on the positive side of "centerline"; however THIS GRAPH, obtain from the U.S. Department of Commerce Bureau of Economic Analysis http://www.bea.gov/ clearly demonstrates that our the US economy, as defined by GDP, is trending down. You make up your own mind about where you think the next trend indicator will land for the 3rd & 4th quarters of 2010. It is … (2 comments)
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It curls my hair, and I don't have any hair to curl, when the press spins economic news. Yes, it is true that the GDP reported a growth of 1.7% for the 2nd quarter of 2010 which is in fact on the positive side of "centerline"; however THIS GRAPH, obtain from the U.S. Department of Commerce Bureau of Economic Analysis http://www.bea.gov/ clearly demonstrates that our the US economy, as defined by GDP, is trending down. You make up your own mind about where you think the next trend indicator will land for the 3rd & 4th quarters of 2010.;)
;)
