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Name:
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MartiniMan
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Subject:
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Why would I?
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Date:
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7/30/2014 10:15:19 PM
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GF, let's review so you can get a grip on reality. Q1 of 2014 original GDP was 0.9%. Then it was revised to -1% and when the final number came out months later it was actually -2.9%. That is a drop of 3 percentage points from the original estimate to the final number and they never revise them upward. And bear in mind that the number is only for one quarter at an alleged rate of 4% which will not overcome the earlier lousy quarter, especially after it is inevitably revised downward. Don't tell me I have to do the math for you please....
Unemployment remains pathetically high (the real one anyway), housing has stalled, nearly one third of Americans are not working, most jobs created recently were part time, etc. No doubt there are glimmers of good news, this being one of them. But I would wait for the final numbers if I were you. Not that you have a grip on reality. Anyone that so stringently adheres to a failed ideology in the face of a mountain of evidence has serious issues already.
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