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  • GDP Shows Economy Is Far from Recession [View article]
    I used to have more faith in government statistics. With the entire world slowing or in recession it is hard to believe the GDP number. For my planning purposes the GDP is 0 based on inflation.

    That said stocks have been attractively priced and will find future earnings comparisons easier to attain. We are at a time when it feels as dangerous to be out of the market as it is to be in the market.

    I hope I am proved wrong but cant help but feel that government statistics are being manipulated. Inflation as reported is not credible. Also the government spending portion and the accounting for Fed Reserves is suspect.

    The best indicator that we are coming out of a recession will be when they declare that we have been in a recession.

    JS
    Aug 28 21:05 pm |Rating: 0 0
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