Post by unlawflcombatnt on Nov 30, 2007 3:13:56 GMT -6
Once again, GDP growth has been grossly overstated by statistical manipulation. Total GDP growth for 2006, especially for the 3rd and 4th quarters of 2006, has experienced huge downward revisions. Below is a copy of a portions of the original GDP report for the 4th quarter of 2006 (published 1/31/07), and of the the current report (published 11/29/07). It shows the current GDP and the current numbers for previous quarters, and shows the downwardly revised numbers for the 3rd and 4th quarters 2006.
The original GDP for 3rd quarter of 2006 was reduced -$107 billion
($11,336 billion - $11,443 billion = -$107 billion)
The original 4th quarter GDP was reduced -$149 billion
($11,395 billion - $11,541 billion = -$149 billion)
Total 2006 GDP was also reduced -$103 billion
($11,319 - $11,422 = -$103 billion)
Using the original numbers for the 3rd quarter of 2006, GDP has increased only +1.9%.
($11,659 billion - $11,443 billion) ÷ $11,659 billion = 0.019 = +1.9%
Using the original numbers for the 4th quarter of 2006, the annualized increase is +1.36%.
($11,659 billion - $11,541 billion) ÷ $11,659 billion x 4/3 = +1.36%
In contrast, using current numbers for 4th quarter 2006, the annualized increase is + 2.3%.
($11,659 billion - $11,395 billion) ÷ $11,659 billion x 4/3 = +2.3%
The downward revision of the original 4th quarter GDP added +1% to GDP growth so far in 2007.
The +1.36% GDP growth over the last 3 quarters is a lot less than the currently espoused +4.9% growth for the 3rd quarter.
Maybe the reason the stock market is out of sync with the real economy is because investors don't even know how the real economy is doing--thanks to government and media deception.
The original GDP for 3rd quarter of 2006 was reduced -$107 billion
($11,336 billion - $11,443 billion = -$107 billion)
The original 4th quarter GDP was reduced -$149 billion
($11,395 billion - $11,541 billion = -$149 billion)
Total 2006 GDP was also reduced -$103 billion
($11,319 - $11,422 = -$103 billion)
Using the original numbers for the 3rd quarter of 2006, GDP has increased only +1.9%.
($11,659 billion - $11,443 billion) ÷ $11,659 billion = 0.019 = +1.9%
Using the original numbers for the 4th quarter of 2006, the annualized increase is +1.36%.
($11,659 billion - $11,541 billion) ÷ $11,659 billion x 4/3 = +1.36%
In contrast, using current numbers for 4th quarter 2006, the annualized increase is + 2.3%.
($11,659 billion - $11,395 billion) ÷ $11,659 billion x 4/3 = +2.3%
The downward revision of the original 4th quarter GDP added +1% to GDP growth so far in 2007.
The +1.36% GDP growth over the last 3 quarters is a lot less than the currently espoused +4.9% growth for the 3rd quarter.
Maybe the reason the stock market is out of sync with the real economy is because investors don't even know how the real economy is doing--thanks to government and media deception.