``The BEA's second estimate of second quarter 2011 U.S. Gross Domestic Product (GDP) was reported to be 0.98%, continuing their recent trend of revising previously reported economic growth rates down. The new growth number is .31% lower than the number reported only last month for the same quarter... and worse, substituting the current inflation rate published by the BLS (the CPI-U of 3.6%) for the rate used by the BEA causes the entire reported GDP growth rate to disappear.''

Comments: Be the first to add a comment

add a comment | go to forum thread