Friday, June 25, 2010

Shock!! GDP Not Growing Fast

Teh Won will be here next week to explain the economy.


The Q1 real GDP rate was revised down again (third estimate) to 2.7% from the 2nd estimate of 3.0%.

Consumer spending was weaker in Q1 than originally estimated. PCE growth (personal consumption expenditures) was revised down to 3.0% in Q1 from the previous estimate of 3.5%.


The "Change in private inventories" was revised up to a contribution of 1.88% from the previous estimate of 1.65%. So inventory adjustment accounted for over two-thirds of the GDP growth in Q1 - and the inventory adjustment appears over

Even MORE terrific.

O Great Obambi! Please enlighten us!! Where Is Porkulus??

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