General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWho else is skeptical of Q3 GDP number?
4.3% growth in the GDP, landing 1.2% above the estimate.
Trump fired the BLS head when he didn't like the numbers, so are we to believe that the new appointee didn't get that message?
Now, I know that there are career people gathering those numbers, but the director has the final say.
I just don't think a miss on GDP that large in legit. Sorry
Those numbers even if true are elevated due to the higher cost of everything, which is because of Trumps incompetence.
Walleye
(44,256 posts)Simeon Salus
(1,613 posts)nobody to stop them
debsy
(848 posts)hatrack
(64,595 posts)If they said that winter in Barrow, AK is cold and dark, I'd buy a parka, sunglasses, a swimsuit, snowboots, sunscreen and a thermometer before my visit.
ashredux
(2,908 posts)War is peace.
Freedom is slavery.
Ignorance is strength.
― George Orwell, 1984
634-5789
(4,647 posts)newdeal2
(5,125 posts)They were hoping to get some juice out of this fake number but no one is buying it.
This outfit won't give out any corrections unless they can find a way to massage the numbers to make Mango Mussolini look better.
newdeal2
(5,125 posts)They will not want to show declining or flat growth in an election year. So they will have to either revise this quarter down or fudge the numbers even more next year.
johnnyplankton
(623 posts)Drawn with a Sharpie
OLDMDDEM
(3,108 posts)BioProfRP
(29 posts)Apparently a good chunk of the GDP boost was from purchase of computer equipment for data centers.... so the AI bubble is boosting the GDP.
ms liberty
(11,106 posts)And I am perceptive, and hyper-sensitive to being propagandized.
Starfury
(856 posts)Given how tariffs have been started, then stopped for 90 days (ie, stopped for a quarter), then restarted in some cases, I expect lower GDP growth for the 4th quarter. But doing it this way, the regime avoids 2 weak quarters in a row, which might be regarded as recessionary.
doc03
(38,971 posts)be so low.
Wednesdays
(22,110 posts)and consumer confidence at its worst for the year. And silver (a harbinger of bad economic times) is at record highs.
lark
(25,994 posts)This is the first post BLS stats and they appear to have been mightily manipulated to get the results the orange oligarch preferred.