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  • Random Observations on the GDP Announcement [View article]
    Excellent observations, but you missed a few of the most important factors:

    Inventories

    Adjusted prices

    Revisions

    $billions and $billions in inventories (and growing). The way it's constructed the GDP figures include inventories, so auto companies can produce $100 billion in cars and when nobody buys them, it's still a + for the GDP.

    If you adjust for price changes, the GDP was the worst since 1958.

    On top of this, expect the "usual" U.S. Government "revision" downward.

    The economy is going down the drain faster and faster. Sorry bulls, but you are bull, that's for sure. Gold is +
    Jan 30 16:18 pm |Rating: +7 -9
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