- Sep 19, 2011
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What does that have to do with your bald-faced lie that Q4-2000 GDP was negative?Umm ... check out the link I provided. Actual current GDP values. Q4-2000 was +2.3%You remain a lying piece of shit. You claim 2000-Q4 was negative, when in fact, it was positive 2.3%.
http://www.bea.gov/national/xls/gdpchg.xls
Why do you lie if facts and figures were on your side?
Wrong, those gdp values were revised into the negative at .5 for the q4 of 2000.
I stand corrected. 2.1 percent growth, revised .5 downward but still positive. The first and second quarter of 2001 were negative.
Q: The financial press often states the definition of a recession as two consecutive quarters of decline in real GDP. How does that relate to the NBERs recession dating procedure?
A: Most of the recessions identified by our procedures do consist of two or more quarters of declining real GDP, but not all of them. But our procedure differs in a number of ways. First, we use monthly indicators to arrive at a monthly chronology. Second, we use indicators subject to much less frequent revision. Third, we consider the depth of the decline in economic activity. Recall that our definition includes the phrase, a significant decline in activity.
The Business-Cycle Peak of March 2001
The government expenditures based on taxes collected from Americans was the ONLY positive value
Domestic goods NEGATIVE
Durable goods NEGATIVE!
Non-residential investments NEGATIVE!
Exports WAY WAY NEGATIVE!!
Imports NEGATIVE!
Only the government spending tax dollars had a positive!
Final 4th Quarter GDP Figures Confirm Economic Woes
For ALL practical purposes GDP was negative!