You know this entire GDP reporting process is an absolute joke. This AP article indicates that the Q2 GDP is going to be revised down…a LOT: The government is about to confirm what many people have felt for some time: The economy barely has a pulse. The Commerce Department on Friday will revise its estimate for economic growth in the April-to-June period and Wall Street economists forecast it will be cut almost in half, to a 1.4 percent annual rate from 2.4 percent Honestly, if a publicly-traded company were to do this, executives would be incarcerated. How the government gets away with this propaganda is beyond me. But if you… Read More
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