Latest topics
» I see this board has been quiet
Tue Jun 07, 2016 1:24 pm by Knight1009

» Hello Ya'll. *Theirmommie*
Tue Nov 17, 2015 9:42 am by my_lucid_bubble72

» 20 % of Americans Struggle To Buy Food
Thu Jul 16, 2015 1:00 pm by pbrad009

» The Make Some One Day Challenge
Wed May 27, 2015 12:32 pm by Prof_NSA

» Clues to why they not hiring you
Sun Apr 05, 2015 5:25 pm by Sandra5yearsunemployed

» New Year Nothing Change
Tue Jan 20, 2015 5:48 pm by Prof_NSA

» UF2 Members Chat Thread: Part 3
Mon Jan 19, 2015 4:01 pm by member

» Passed?!?! H.R. 3979: Emergency Unemployment Compensation Extension Act of 2014
Fri Dec 19, 2014 4:24 pm by charliekerper

» Forbes: America's #1 Problem is Jobs, Not Debt
Sat Nov 15, 2014 10:50 pm by jmainframe

» Economy just getting worse
Mon Oct 06, 2014 12:16 pm by oncemore

» UFO 2.1 VIDEO JUKEBOX - Our Chords & Keys To Ascension
Mon Oct 06, 2014 6:33 am by 

» January Jobs Report: U.S. Economy Adds 157,000 Jobs; Unemployment Rate Up To 7.9 Percent
Fri Oct 03, 2014 11:23 am by DesperateInRI

» Hey Guys!!!!
Mon Sep 29, 2014 9:17 am by pbrad009

» Up all NIGHT WORRIED!
Thu Sep 25, 2014 11:56 pm by pbrad009

» things are going to get worst
Sun Sep 21, 2014 7:51 pm by 

Social Networks
December 2016
SunMonTueWedThuFriSat
    123
45678910
11121314151617
18192021222324
25262728293031

Calendar Calendar


U.S. GDP, Huge Revision of Economic Data

View previous topic View next topic Go down

U.S. GDP, Huge Revision of Economic Data

Post by Guest on Sat Feb 26, 2011 10:43 am

Looks like the Federal government fudged the numbers again and have been forced to revise the actual numbers from 3.2% down to 2.8%:

http://www.huffingtonpost.com/2011/02/25/us-gdp-revised-down-to-28_n_828111.html

Guest
Guest


Back to top Go down

Re: U.S. GDP, Huge Revision of Economic Data

Post by Guest on Sat Feb 26, 2011 12:09 pm

I don't understand why they release the stats until they have all their information. IMO, it is easier to tell the truth to begin with rather than go back and revise it. Maybe they need more "qualified" people so these "revisions" aren't necessary every month.

Guest
Guest


Back to top Go down

Re: U.S. GDP, Huge Revision of Economic Data

Post by Guest on Sat Feb 26, 2011 12:11 pm

My point exactly ... then, when they "revise" the numbers, it makes the Federal government look like they are mis-representing the actual numbers and everything they report then comes under suspect.

Guest
Guest


Back to top Go down

Re: U.S. GDP, Huge Revision of Economic Data

Post by Guest on Sat Feb 26, 2011 12:25 pm

Couldn't agree more. Is there a degree available in Universities now for economic forecast fudging? (what am I saying, you wouldn't need a degree for that, just a great imagination). But what worries me and has worried me for some time is, if they fudge these numbers, what else is being fudged, how bad was the recession really, housing, unemployment, bailouts, foreclosures,and worse, how are they fudging the "recovery" numbers in all of the above. It was a house of cards that caused this in the first place, are they just playing with a new deck?

Guest
Guest


Back to top Go down

Re: U.S. GDP, Huge Revision of Economic Data

Post by Sponsored content Today at 11:19 am


Sponsored content


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum