U.S Q3 GDP Fall Unexpectedly

[Guest HPCservices]

Official preliminary data from Bureau of Economic Analysis on Tuesday revealed slow economy grew during the third quarter of 2011.

The U.S GDP has discomfited analyst’s expectation to remain at 2.5%.

In the report, third quarter GDP was adjusted at 2.0%, downward from 2.5% from the previous. A fall in GDP was undesirable. Fourth quarter GDP to be eyed.

The GDP price index remains at 2.5% as forecasted.

After the data released, the U.S dollar pared was losses against the JPY from 77.017 to 76.838.

[easy-lift guy]

This information is just one more example of how the stats for calculating all means of production for the US Economy have been revised on average 7 to 10 days after official announcements are made. Like I have said before November will not come soon enough for most Americans. This nightmare of an administration I hope will soon be ending along with most of the trappings in the process. God save the Republic.

easy-lift guy