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2024
October 29th, 2009 at 10:06 am
GDP/Shlomoso – I do not believe the GDP numbers we are presented with in this data are annualized. If they are then the economy is in better shape than I think. If anyone does know exactly what we’re measuring, I would like to know. What I see is a2009/2 GDP at $12.901Tn, which is down from Q2 2008’s $13.415Tn and that’s down 4.4% but the quarterly number shows down 0.7%, which makes sense calculated from Q1 2009’s $12.925Tn only. At one point, I know our GDP was supposedly over $14Tn so I didn’t think much of it but I would like to know where they hell they get these numbers from.
If GDP is really up an annualized anything at all – then why the helll are corporate revenues down 25%.
Oops, markets heading higher, I still like the DDM $38s at $2.10 as a momentum play.