tag:blogger.com,1999:blog-8529580665294663953.post4334178530749577396..comments2023-10-27T04:26:57.609-07:00Comments on InvestorCentric: U.S. Economy Grew 3.3 Percent In Q2, But…NuWire Investorhttp://www.blogger.com/profile/02512928198926080436noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8529580665294663953.post-3258259779981650942008-08-28T17:29:00.000-07:002008-08-28T17:29:00.000-07:00Please note that the deflator used for Q2 growth w...Please note that the deflator used for Q2 growth was 1.2%! Would they have used the accompanying 4+% - as reported in a 'side report' - then the GDP growth would've been either flat or negative!<BR/><BR/>The government loves to use the 'chained' deflator as it minimizes the impact of sudden changes. However, when these sudden changes to prices occur, as we have seen recently with the steep rise in inflation, using the chained deflator provides a completely nonsensical result.<BR/><BR/>Politicians loves this so they can look better!<BR/><BR/>I'm always amazed how gullible the media and the public are when these fictitious numbers are spewed out.Ron Robinshttps://www.blogger.com/profile/02939240770199747573noreply@blogger.com