Green Energy
From Reuters:
They need to do a better job of adjusting the numbers.
Sounds like Global Warming, right?
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Green Energy
U.S. Economy Likely Shrank in First Quarter, but Fundamentals Strong, Economists Say We Need a Better Way to "Smooth the Data"
From Reuters:
The U.S. economy likely contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls and a resurgent dollar, but activity since has rebounded modestly.
The government is expected to report on Friday that gross domestic product shrank at a 0.8 percent annual rate instead of growing at the 0.2 percent pace it estimated last month, according to a Reuters survey of economists.
A larger trade deficit and a smaller accumulation of inventories by businesses than previously thought will probably account for much of the expected downward revision.
With growth estimates so far for the second quarter around 2 percent, the economy appears poised for its worst first half performance since 2011.
Economists, however, caution against reading too much into the expected slump in output.
They argue the GDP figure for the first quarter was held down by a confluence of temporary factors, including a problem with the model the government uses to smooth the data for seasonal fluctuations.Ah, so that's it. There is a problem with how they ADJUST THE NUMBERS.
They need to do a better job of adjusting the numbers.
Sounds like Global Warming, right?
- Newsmax Is Delusional
There is no way a sane person can use this headline with a straight face. Sure, first time applicants dropped last week. Because it was the week before Christmas. Tell me that in mid-January when all those seasonal hires are back on the street. As for...
- Wreckovery
CNBC: Stubborn Jobless Claims Still Keep On Climbing Higher New U.S. claims for unemployment benefits unexpectedly climbed to 424,000 last week from a revised 414,000 in the prior week, pointing to a painfully slow improvement in the nation's job...
- Jobless Claims Hit 8 Month High Due To Tornadoes Or Something
enuf about The Raid to End All Raids back to Earth Wreckovery Reuters: Jobless claims hit 8-month high By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing for jobless aid rose to an eight-month high last week and productivity growth...
- It's Our Economy That's Being Killed..india, Russia, Germany All Grow Significantly
BBC:India growth rate rises to 8.8%India is the world's second fastest-growing economyIndia's economy grew at its fastest rate for more than two years in the last quarter, according to official data.In the three months to...
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