Fitz919

GDP Fell 1% in Second Quarter: Will the Economy Rebound Quickly?

These GDP numbers are quite strange. They generate a number for the quarter, and then they multiply by 4 to give us an annulized number, and then for the next few months they adjust the number, and then even a year later they go back and say the number way back then was way off too.

Does anybody else see how stupid this is?

Let's try to look at things differently. From the chart you see that everything always resets to zero for every new quarter. But in reality, each quarter starts where the old quarter left off. So lets divide the annulized quarterly numbers by 4 and see what we have, using just one starting point where the GDP number first went below zero and stayed there.

3rd Q -.625% -.625%
4th Q -1.35% -1.975%
1st Q -1.6% -3.575%
2nd Q -.25% -3.825%

We are being led to believe that the GDP number got better, when in reality it continues to get worse....at a slower pace.