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sandensea

(21,621 posts)

31. +1

Reply to Ford_Prefect (Reply #20)

Thu Oct 29, 2020, 11:39 AM

Oct 2020

Beware 'beautiful' numbers.

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Highlight:

U.S. economy grew by a record 7.4 percent from July to September, but the data is complicated [View all] mahatmakanejeeves Oct 2020 OP

Personal consumption up 40.7% FBaggins Oct 2020 #1

THIS on steroids. KPN Oct 2020 #25

WaPo's headline BumRushDaShow Oct 2020 #2

Good morning. Thank you for that. I'm now back on the WaPo subscriber list. mahatmakanejeeves Oct 2020 #5

One can imagine the tweets that will be blasted out today BumRushDaShow Oct 2020 #7

Most of which will use a misleading number. mahatmakanejeeves Oct 2020 #9

Several number available to readily distort BumRushDaShow Oct 2020 #11

And we will be hit over the head with every one of them. NT mahatmakanejeeves Oct 2020 #17

Agree 1000% with u Mahatma - that number NoMoreRepugs Oct 2020 #3

Whoa -- I made no prediction about the second estimate. NT mahatmakanejeeves Oct 2020 #6

My bad - was doing a couple of things and forgot the IMO. NoMoreRepugs Oct 2020 #35

GDP is an almost worthless method of measuring the economic health of the country lonely bird Oct 2020 #4

Agreed South Sudan has the highest GDP growth rate Jspur Oct 2020 #15

All the growth is in funerals and caskets bucolic_frolic Oct 2020 #8

yikes! Roc2020 Oct 2020 #39

We need to purge a ,,,, Cryptoad Oct 2020 #10

From July to September. In July most of the country was shut down. That's like saying.... George II Oct 2020 #12

Right - they aren't talking about real growth FakeNoose Oct 2020 #14

That's only a 300% increase. mahatmakanejeeves Oct 2020 #16

Yeah, I know. Back in engineering school different professors had different ways of presenting it.. George II Oct 2020 #21

I think we used "points." mahatmakanejeeves Oct 2020 #22

I've been retired almost 10 years, had to look up "mark up" vs. "gross margin". No problem.... George II Oct 2020 #24

Only economy nerds read and analyze this stuff Aviation Pro Oct 2020 #13

I bet EarlG got a good laugh out of that. progree Oct 2020 #42

FRED: Real GDP: Q4 2019: $19.254 T, Q3 2020: $18.584 T, down 3.48% progree Oct 2020 #18

CNBC gets it wrong at first but then does some editing. mahatmakanejeeves Oct 2020 #19

Smells like fiddled numbers conveniently released. Ford_Prefect Oct 2020 #20

Not at all unexpected by economists, and the release date has long been scheduled progree Oct 2020 #23

It looks as if MarketWatch wins the prize. mahatmakanejeeves Oct 2020 #27

And thanks for the thread and keeping everyone straight that the econ didn't grow 33.1% in Q3 progree Oct 2020 #30

I had that BEA site bookmarked for days. I've made the annualized rate mistake myself, mahatmakanejeeves Oct 2020 #33

Here's the full release schedule for all of 2020. mahatmakanejeeves Oct 2020 #26

+1 sandensea Oct 2020 #31

we were warned about these skewed numbers coming out today by an economist yesterday yaesu Oct 2020 #28

From the Washington Post's Twitter account: mahatmakanejeeves Oct 2020 #29

Must see - graphs galore from highplainsdem on GDP report and what it means progree Oct 2020 #32

What's wrong with this chart? mahatmakanejeeves Oct 2020 #34

And compared to: if the economy had continued to grow, say at a measly 2% rate progree Oct 2020 #37

EarlG's graph (Pic of the Moment) progree Oct 2020 #38

It Seems That Hospitalizations & Related Activity DallasNE Oct 2020 #36

the data is a lie of misclassification. samsingh Oct 2020 #40

I had $100 but lost $90, leaving $10. I got $10 back, so I'm up 100%!!1111!! Good times!!111!!!11! PSPS Oct 2020 #41