Off-Topic: Beware phony baloney GDP numbers

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	Name:	MartiniMan -
	Subject:	Beware phony baloney GDP numbers
	Date:	4/22/2013 2:10:06 PM

Mostly it will be intangibles that were not previously included. Includes capitalizing R&D which used to be a cost, motion pictures, music, books, etc. All prior results will be revised to reflect these numbers but the practical effect will be to add the equivalent of the GDP of Belgium to our GDP in one fell swoop.

To be clear, I am not for or against the addition of these intangible assets. What I am predicting is that the govt media will be crowing about the magical 3% GDP as the economy continues to falter (see the March economic data and you will see why I say falter) and will imply that it is evidence of Obama's domestic economic policies working. The low information voters will only know that the number went from less than 1% annual GDP to 3% but not why. Just watch and wait to see if my prediction comes true. Only uninformed and the blatantly biased left wing nuts will consider this progress......

Other messages in this thread:

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Beware phony baloney GDP numbers - MartiniMan - 4/22/2013 8:12:53 AM

Beware phony baloney GDP numbers - h_hob - 4/22/2013 9:06:03 AM

Beware phony baloney GDP numbers - Tall Cotton - 4/22/2013 11:46:22 AM

Beware phony baloney GDP numbers - MartiniMan - 4/22/2013 2:10:06 PM

Beware phony baloney numbers period... - roswellric - 4/22/2013 5:01:05 PM

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