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“Oh, but you see the GDP really GREW. Why? Well, remember the numbers we gave you for last qtr GDP, that ‘1.8%’? Uh….we’ve had to ‘downwardly revise’ THAT number to ‘1.1%’. So you see, ‘1.7% is REALLY ‘up’. (Until we ‘downwardly revise’ THIS number…..) You can do ANYTHING with numbers!!!

“Oh, but you see the GDP really GREW.  Why?  Well, remember the numbers we gave you for last qtr GDP, that ‘1.8%’?  Uh….we’ve had to ‘downwardly revise’ THAT number to ‘1.1%’.  So you see, ‘1.7% is REALLY ‘up’.  (Until we ‘downwardly revise’ THIS number…..)  You can do ANYTHING with numbers!!!

“Futures flat despite upbeat GDP, private sector employment report”

http://www.cnbc.com/id/100927100

“…U.S. economic growth…accelerated in the second quarter…GDP growing at…1.7%…up from the first-quarter’s downwardly revised 1.1%…”

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By Doug

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