GDP for 2nd quarter revised down

[nradisic]

GDP revised down to 2.6% rate in the second quarter...

http://www.marketwatch.com/default.aspx?siteid=mktw&avatar=seen&dist=ctmw

Here is proof that the economy is going nowhere but down.

I can't wait to see what the 3rd quarter numbers will look.

Remember, people vote with their pocketbooks.

[HereSince1628]

1. Dropping fuel prices traditionally mean surplus, surplus energy

means SLOWING industry. Isn't slowing industry is the doormat to recession?

[nradisic]

3. Fuel prices were still rising in the 2nd quarter...

Wait until the 3rd quarter numbers come out....I say the recession began over the last month or so...

[HereSince1628]

4. Yes, that's sort of in line with my point. Slowing 2nd quarter

GDP would be consistent with a growing energy surplus in the 3rd quarter once it was not covered by summer vacation travel.

[papau]

2. Past revised down so as to show better number for today is Bush pattern

3rd qtr should show a nice number - until it is revised down next year.

[Jackpine Radical]

5. Numbers can look good or bad, but individual people have to live

in the reality that the numbers are supposed to reflect. If things are truly getting worse, then a larger number of individuals are feeling the squeeze, regardless of what the economists say. And I imagine people vote their individual wallets, not the abstract (and perhaps inaccurate) numbers.

[papau]

6. eventually folks vote the reality -but early on they vote what the believe

so lies can bring in votes.