Oops!
So, we all make mistakes. In my last post I stated that the GDP had dropped for the past six months. That was wrong.
Fact - the GDP fell , not only fell but went negative, in the first quarter of 2014. But came back positive in the second quarter according to figures posted yesterday by the government.
The negative percent in the first quarter was 3.9% when first announced. I never saw or heard of any adjustment but yesterday the government posted it as 2.1%. The second quarter was +3.9%, again according tho the government.
But who can believe those people? For a period of about 19 months running, the government touted the number of new unemployment filings, and consistently, a week or two later, revised them downward, usually by rather startling amounts.
And the actual unemployment rate they shout about? That is a totally fictitious number. They calculate it by calling about 1100 people and asking them if they are working, and if not, if they have looked for work within the past four weeks (or months, I can't recall right now.) How's that for an accurate number?
I simply do not have any faith in any numbers the federal government throws out, maybe 30% to 40% of what the state pitches, and not much better for local government.
Again, oops, sorry, I don't often make 'em but when I do, I 'fess up. Can you say your government ever does that?
Fact - the GDP fell , not only fell but went negative, in the first quarter of 2014. But came back positive in the second quarter according to figures posted yesterday by the government.
The negative percent in the first quarter was 3.9% when first announced. I never saw or heard of any adjustment but yesterday the government posted it as 2.1%. The second quarter was +3.9%, again according tho the government.
But who can believe those people? For a period of about 19 months running, the government touted the number of new unemployment filings, and consistently, a week or two later, revised them downward, usually by rather startling amounts.
And the actual unemployment rate they shout about? That is a totally fictitious number. They calculate it by calling about 1100 people and asking them if they are working, and if not, if they have looked for work within the past four weeks (or months, I can't recall right now.) How's that for an accurate number?
I simply do not have any faith in any numbers the federal government throws out, maybe 30% to 40% of what the state pitches, and not much better for local government.
Again, oops, sorry, I don't often make 'em but when I do, I 'fess up. Can you say your government ever does that?
posted by tanstaafl | 7:11 PM
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