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Q2 GDP (1st revision): +1.5% vs. +1.2% forecast, +1.9% prior (revised up to +2.0%). Price index...

Q2 GDP (1st revision): +1.5% vs. +1.2% forecast, +1.9% prior (revised up to +2.0%). Price index +2.0% vs. +1.6% forecast, +2.0% prior.
Comments (12)
  • bbro
    , contributor
    Comments (9911) | Send Message
     
    Nominal GDP growth ex Government....4%
    27 Jul 2012, 08:37 AM Reply Like
  • Ray Lopez
    , contributor
    Comments (1542) | Send Message
     
    Cite? Making this up...like the phony gov't inflation figures.
    27 Jul 2012, 03:51 PM Reply Like
  • bbro
    , contributor
    Comments (9911) | Send Message
     
    Respectfully...you can do the homework...
    28 Jul 2012, 03:22 AM Reply Like
  • 2MuchDebt
    , contributor
    Comments (220) | Send Message
     
    Real final sales of domestic product - GDP less change in private inventories - increased 1.2 percent in the second quarter, compared with an increase of 2.4 percent in the first quarter. I'd like to see this trending up.
    27 Jul 2012, 08:39 AM Reply Like
  • montanamark
    , contributor
    Comments (1435) | Send Message
     
    1.2 forecast??? LOL just a few months ago they were "forecasting"
    3s
    one huge decline no matter how they spin it - its not better than expected
    27 Jul 2012, 08:41 AM Reply Like
  • bbro
    , contributor
    Comments (9911) | Send Message
     
    Do you know how these numbers are calculated?
    27 Jul 2012, 08:43 AM Reply Like
  • GaltMachine
    , contributor
    Comments (1154) | Send Message
     
    These numbers from the release were interesting:

     

    "National income was revised down for all 3 years: 0.1 percent for 2009, 0.2 percent for 2010,
    and 0.5 percent for 2011.

     

    * Corporate profits was revised down for all 3 years: 1.4 percent for 2009, 5.4 percent for 2010,
    and 6.0 percent for 2011."

     

    This kind of explains why private business is hurting especially over the past year.

     

    The revisions section of the release makes for very interesting reading for econ-geeks.
    27 Jul 2012, 08:47 AM Reply Like
  • bixbubba
    , contributor
    Comments (248) | Send Message
     
    this report looks pretty goldilocks-bad to me. Not much there to support corporate profits in the next Q or two, but nothing there to alarm the fed, either. Especially with the surprisingly high PCE, which, as I understand, the fed uses more than cpi.
    27 Jul 2012, 09:09 AM Reply Like
  • Tack
    , contributor
    Comments (13756) | Send Message
     
    No QE. And ECRI gets punched in the other eye.
    27 Jul 2012, 01:44 PM Reply Like
  • Josh ODonnell
    , contributor
    Comments (229) | Send Message
     
    Negative GDP by end of year, DOW 9000 or lower, UNLESS QE3 is announced..

     

    need i say more? ohyea..mega depression ahead
    27 Jul 2012, 03:00 PM Reply Like
  • winningtrader
    , contributor
    Comments (2476) | Send Message
     
    The mega depression is coming even with QE3 of course.
    27 Jul 2012, 05:55 PM Reply Like
  • Matthew Davis
    , contributor
    Comments (4044) | Send Message
     
    And yet we rally big time in the wake of some false statements by a European banker...as if we can trust a banker...hello idiots! Our economy is tanking and they go all in. What morons.
    27 Jul 2012, 05:01 PM Reply Like
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