Pathetic Predictions.. On 4/30/14 Q1 GDP (which ended a month earlier) was estimated at 0.1%. On 5/29/14 it was revised down to -1.0%, and on 6/25/14, three months after the end of Q1, it was knocked down to -2.9%! The difference between the first and the third estimates of Q1 GDP is three percentage points, or $125 billion; the annual GDP of New Zealand! The takeaway, trust economic forecasts at your peril! ©2014, Graphs & Laughs bit.ly/GraphsandLaughs To post daily MMG content to your own social media profiles, access the Social Media Sharing section, under the Market Action tab.
Posted on: Thu, 26 Jun 2014 13:43:43 +0000
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