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A Laboratory Called Skylab


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Per the Bureau of Economic Analysis (BEA), computer sales grew at a 96% annualized rate in 3rd quarter, motor vehicle output grew at a 43% rate. :blink:

 

In addition to hedonic adjustments, many components of the GDP report are computed using the CPI and PPI. Therefore incorrect inflation adjustments will distort the GDP amounts.

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...

Here ya' go.

 

Note: I'm giving my wife the edict: Spend less and contribute to the decline. :D

 

http://www.latimes.com/business/la-fi-rup2...dlines-business

 

U.S. retail sales may fall 5% from a year ago during this holiday shopping season as consumers tighten their budgets and shop for discounts, a private survey showed.

...

The average budget for West Coast states may be $409, down from $468 a year ago, according to the survey.

tanks, that's the one. I like your plan. :) With the widening grocer strike, a lot of families may have no choice but to spend less. Now talk of it spreading to DC and elsewhere. But that probably means replacement workers can be taken off unemployment, so it's bullish!

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re: adjusted GDP. Does anyone know a reference to the adjustment formula? I was always under the impression that adjustments occured as a result of recieving real (vs. imputed) data.

 

If real GDP rose anywhere close to 8%, we're toast.

GDP can be whatever number the government wants it to be.

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re: adjusted GDP. Does anyone know a reference to the adjustment formula? I was always under the impression that adjustments occured as a result of recieving real (vs. imputed) data.

 

If real GDP rose anywhere close to 8%, we're toast.

Largest contributor to the upward revision was invetory building. In the previous report inventory actually decreased leading some to believe that companies would build inventory in the Q4. That now looks unlikely, so where will the growth come from in Q4? Lets ask Maria.

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