Shhh... Revised Q3 GDP Drops By 20% To 2.0%, Misses Expectations Of 2.5% By 2 SD's

Discussion in 'Politics' started by Neotrotsky, Nov 22, 2011.

  1. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    Shhh... Revised Q3 GDP Drops By 20% To 2.0%, Misses Expectations Of 2.5% By 2 Standard Deviations


    So much for the miraculous inventory expansion. JPM's Michael Feroli was spot on: the strategist who predicted a significantly below par revised Q3 GDP print of 2.0%, was right on the dot. Advance GDP dropped from 2.5% to 2.0%, missing expectations of an unchanged print. The impact was entirely due to Inventories detracting from growth, with the Private Inventory number declining from -1.08% to -1.55%. And to those expecting a surge in Q4 GDP based on inventory restocking, which would be virtually all Wall Street economists who missed today's number by 2 standard deviations, we have one thing to say: it ain't happening. In fact, liquidations are coming first, fast and furious with Personal Consumption coming at 2.3%, and missing estimates. Needless to say futures, are not happy.

     
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  2. paulitician
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    paulitician Platinum Member Supporting Member

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    Nah,all is well. Let the good times roll. WOO HOO!!!
     
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  3. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    I heard the Left may blame Bush
    :eusa_whistle:
     
  4. Lonestar_logic
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    Lonestar_logic Republic of Texas

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    Don't let TM know about this. She was singing "Happy Days Are Here Again" just a few days ago.
     
  5. Meister
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    Meister Platinum Member Supporting Member

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    Chris will come in and call it part of the astounding recovery. :eusa_whistle:
     
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  6. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    too funny
     
  7. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    and blame Bush
     
  8. paulitician
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    paulitician Platinum Member Supporting Member

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    It's called burying the lead. CNN & NBC wont be touching this one. Instead they'll be leading with another puff-piece on how Obama's saving the World. Par for the course with them. No pun intended.
     
  9. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    Possibly it may time again to put him on the cover of magazines

    In 2008
    Time had featured Obama on its cover 14 times
    Newsweek was close behind, featuring the president on 12 of its issues.
     
  10. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Have no fear q4 will be great with holiday sales then we can rejoice at what obama has accomplished. Till Feb when it declines again of course.
     

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