muses of the moment

December 6, 2013

John Williams from Shadowstats.com

Filed under: John Williams shadowstats — Tags: — totallygroovygirlfriday @ 11:57 am

Real data shows 1.4% GDP in 3rd quarter. That sounds more like what we are experiencing in reality. A reminder that bank stress tests demand at least an annual 2% GDP.

Whenever you don’t like the data, change the formula. gg wonders which “GDP” formula the banks’ stress test is using?

Here is a free summary of John’s latest real stats:

– “Booming”� GDP Growth Not Reflected in Any Other Major Economic Indicator
– Involuntary Inventory Build-Up Spiked GDP Revision; Final Sales (GDP Less Inventory Change) Growth Revised to 1.9% from 2.0%
-Revised Headline Growth in Third-Quarter GDP Was Reported at 3.6%; GNP
Was 3.9%; But GDI (the Theoretical GDP Equivalent) Was 1.4%
– Another Set of GDP Revisions in Two Weeks

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