Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Oh look 3rd quarter GDP estimate revised down yet again, sorry this isn't Health Care related

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-23-09 05:23 PM
Original message
Oh look 3rd quarter GDP estimate revised down yet again, sorry this isn't Health Care related
Edited on Wed Dec-23-09 05:29 PM by AllentownJake
Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 2.2 percent in the third quarter of
2009, (that is, from the second quarter to the third quarter), according to the "third" estimate
released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 0.7 percent.

The GDP estimate released today is based on more complete source data than were available for
the "second" estimate issued last month. In the second estimate, the increase in real GDP was 2.8
percent (see "Revisions" on page 3).

http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

3.5% to 2.8% to 2.2% GDP estimates for the 3rd quarter is falling faster than the price of Enron stock in 2001!
Printer Friendly | Permalink |  | Top
SemiCharmedQuark Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-23-09 05:24 PM
Response to Original message
1. It says that real gross domestic product increased?
Edited on Wed Dec-23-09 05:25 PM by SemiCharmedQuark
on edit: Do you mean RGDP estimate decreased?
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-23-09 05:25 PM
Response to Reply #1
2. The estimate keeps going down
3.5 to 2.8 to 2.2

Printer Friendly | Permalink |  | Top
 
SemiCharmedQuark Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-23-09 05:26 PM
Response to Reply #2
3. Maybe you should put "estimate" in your OP.
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-23-09 05:26 PM
Response to Reply #3
4. Roger that
Printer Friendly | Permalink |  | Top
 
SemiCharmedQuark Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-23-09 05:28 PM
Response to Reply #4
7. Cool beans. Thanks!
:hi:
Printer Friendly | Permalink |  | Top
 
Selatius Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-23-09 05:28 PM
Response to Original message
5. Maybe you should say "Quarter 3 GDP figures repeatedly revised down" in your title?
It's a bit misleading.
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-23-09 05:28 PM
Response to Reply #5
6. Ok
The title to this OP is causing a headache.
Printer Friendly | Permalink |  | Top
 
Zynx Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-23-09 05:35 PM
Response to Original message
8. This doesn't really mean much.
Point estimates of where GDP is are always revised heavily, most heavily influenced by trade and inventory data. Estimates of personal consumption expenditures didn't change much from the first estimate. What did, though, was that the inventory numbers weer marked down as were the trade balance estimates. The larger the trade deficit, the lower GDP is.
Printer Friendly | Permalink |  | Top
 
lamp_shade Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-23-09 06:26 PM
Response to Original message
9. You just peed all over your pumps, dincha?
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-23-09 06:31 PM
Response to Reply #9
10. Well at least you are talking to me
and not doing call outs in a forum where people can't respond, someone just emailed that cute little thing you guys do over there.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Dec 26th 2024, 07:50 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC