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The widening of the trade deficit indicates that Q2 GDP growth was more anemic than the...

The widening of the trade deficit indicates that Q2 GDP growth was more anemic than the originally reported 2.4% annual rate. Combined with the latest inventory report, the data suggest GDP will be revised sharply lower - closer to 1%, even as low as 0.3%.
Comments (6)
  • Michael Filighera
    , contributor
    Comments (447) | Send Message
     
    Duh! - So after nobody buys into the line that gets reported to keep the masses in the realm of "all is well" that we buy our way out of this huge mess - as in years past! - they finally say what many already knew and reported. Q2 GDP was actually 1.1% -- The status quo is changing folks -- don't be fooled --
    11 Aug 2010, 02:16 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    If they do...it won´t be reported..the new Q3 of 5.9% soon to be revised to 1% will be...see the trend...propaganda works
    11 Aug 2010, 02:26 PM Reply Like
  • montanamark
    , contributor
    Comments (1434) | Send Message
     
    summer of recovery and nonstop lying
    11 Aug 2010, 02:34 PM Reply Like
  • bbro
    , contributor
    Comments (9327) | Send Message
     
    Consumer goods imports go up and the savings rate goes up????
    11 Aug 2010, 02:47 PM Reply Like
  • Ali Mogharabi
    , contributor
    Comments (77) | Send Message
     
    Inventory replenishment especially during the first 1-2 months of Q2.
    15 Aug 2010, 04:01 PM Reply Like
  • nobby73
    , contributor
    Comments (1177) | Send Message
     
    I wonder how the markets would have reacted if the first estimate had come in sub 1% rather than just missing estimates at 2.4%?

     

    Sorry to say, but a sub 1% growth, given the amount of "stimulus" money thrown at the problem, is unbelievably bad. There should be some admittance that mistakes have been made, that money has been misdirected. Frankly, radical steps need to be taken or the US is going to implode.
    11 Aug 2010, 03:15 PM Reply Like
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