| User Info
| Good God: Revisions To Chart (Ponzi Ponzi Ponzi!) in forum [Market-Ticker]
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Arw
Posts: 218
Incept: 2009-03-02
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Do they revise 3 years worth of data every year?
Reason: wrong subject matter
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Clintb350
Posts: 1455
Incept: 2008-01-19
Southern AZ
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Can't see chart in IE6.029?
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Spanktron9
Posts: 2790
Incept: 2009-03-13
Reality.
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Gen- That is truly ugly, but your extrapolated 1/31/11 figure will certainly give fuel to the "V" shaped recovery camp. At least until the next set of revisions. 
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"Winter is coming." -Motto of House Stark
"Mo'lon La'be"- Leonidas
"Strong people are harder to kill than weak people, and more useful in general" - Mark Rippetoe
"Its like Calvinball."-MarvinMartian
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Rule10
Posts: 2456
Incept: 2008-09-30
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Are the charts in the wrong order?
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You are not what you say you are, You are what you do.
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Genesis
Posts: 130798
Incept: 2007-06-26
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No. The top is the original, the bottom with revisions.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Mdporter
Posts: 560
Incept: 2008-02-26
San Jose, CA
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the first chart looks like a snake with its mouth open and tongue sticking out.
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Clintb350
Posts: 1455
Incept: 2008-01-19
Southern AZ
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Fixed it - Clear History. Why is that?
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Abn0rmal
Posts: 9261
Incept: 2009-01-10
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Does the data exist to pull out all debt increases, not just federal deficits?
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Hobbes
Posts: 51
Incept: 2009-07-10
Eastern Canada
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Rule, make sure you look at the numbers, and not just the lines. First time I glanced at the charts quickly it seemed the top was better than the bottom. Till you realize things like the drop extends further in the bottom chart, nominal for 2010 was negative, instead of just flat. And the 'estimated' V shape will easily disappear going forward as better estimates come around and more revisions finally reflect reality.
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Genesis
Posts: 130798
Incept: 2007-06-26
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Abnromal, yes and no. The Z1, yes. But we only get that quarterly.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Sledge
Posts: 35
Incept: 2008-08-14
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Took me a moment to understand the charts... I too thought they were backwards at first. Might be more clear if you used the same scale for both.
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Goforbroke
Posts: 5350
Incept: 2007-11-30
Just call me 'Comrade'
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It also might be helpful to have the estimated numbers in a different color. I agree with Spank ... gives an appearance of a V-shaped recovery that is actually happening.
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We have met the enemy and it is us. -- Pogo
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Pika-steph
Posts: 54732
Incept: 2007-09-11
Live Free Or Die; US Army Est. 1775
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Agree with Go and Sledge - the charts don't immediately support the narrative. Most people aren't going to get it, but interpret it the way Go just said.
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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/ "The only regulation that really works is failure."--Rick Santelli
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Tesla
Posts: 15543
Incept: 2008-04-03
State of Disbelief
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The pumpers are right - it's a V-shaped recovery  You're giving them fuel for the fire. What'll be interesting is seeing the revisions. It makes very clear that absent the stimulus 800B, the growth would probably have continued negative.
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"Even a dog knows the difference between being stumbled over and being kicked." -Justice Oliver Wendell Holmes
"Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." -Samuel Adams
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Pitz
Posts: 860
Incept: 2010-04-08
voluntary resigned
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Can the government be sued for securities fraud, for selling US Treasury bonds on the basis of false statements concerning GDP?
You know Karl's old saying..."if you or I did that, we'd be in handcuffs".
BTW, doesn't the low GDP growth implied by these revisions also suggest that interest rates were set far too high in those years? I don't know about you, but I certainly saw no inflation from 2000-present, and a Fed Funds rate = 4% certainly made no sense at the time.
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Whewt
Posts: 2295
Incept: 2008-03-17
Lake Bonneville Shoreline!
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So according to the second chart, nominal GDP and Actual GDP are sharply up and the federal deficit is leveling off?
That seems like it would be good thing.
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Except for the math, it's all going to work out.
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Spanktron9
Posts: 2790
Incept: 2009-03-13
Reality.
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Goforbroke wrote- Quote:It also might be helpful to have the estimated numbers in a different color. I agree with Spank ... gives an appearance of a V-shaped recovery that is actually happening. I just checked with Larry Kudlow and Dennis Kneale. It is indeed a "V" shaped recovery and they are both pleased to see that Karl has finally come around to their way of thinking.
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"Winter is coming." -Motto of House Stark
"Mo'lon La'be"- Leonidas
"Strong people are harder to kill than weak people, and more useful in general" - Mark Rippetoe
"Its like Calvinball."-MarvinMartian
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Ktrosper
Posts: 1500
Incept: 2010-04-06
ft collins co
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I don't know what the big deal is guys... Look, we live in a new age where pesky things like reality and mathematics just no longer apply.
Just like the new-age scientists tweaked and made up data to prove beyond a shadow-of-a-doubt that we are all dead meat if we don't stop driving SUV's, today's new-age economists tweak and make up data to show that everything is getting better!!!!
It's the age of VALUE-ADDED Data! Embrace it and stop yer bitchin! ;)
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The unexamined life is not worth living.-Socrates
The only stable state is the one in which all men are equal before the law.-Aristotle
Liberty exists now in the spaces government has not yet chosen to occupy.-Doc Zero
I anticipate that 10 Dallas Cowboys Cheerleaders will blow me this evening.-K.D
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Sushihorn
Posts: 7802
Incept: 2007-10-22
Arlington, TX
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Whewt
"Leveling off" at at double digit deficits relative to GDP and real GDP "sharply up" at -12% annualized are NOT good.
Perhaps my sarcasm meter is broken?
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Tesla
Posts: 15543
Incept: 2008-04-03
State of Disbelief
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Yeah, Sushi, better get it recalibrated. It's the "new normal" don't'cha know 
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"Even a dog knows the difference between being stumbled over and being kicked." -Justice Oliver Wendell Holmes
"Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." -Samuel Adams
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Kwl88
Posts: 518
Incept: 2009-04-16
KC, MO
Banned
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Quote:of VALUE-ADDED Data! Hey, I wanna be a "Chief Of VALUE-ADDED Data" ! Reqs: Several Years of Experience at "manipulating" datasets & Data Processing Decision Support Systems. LOL! |
Throxxofvron
Posts: 10337
Incept: 2009-02-17
Hyper-Speculative Psycho-Facsistic Parabolic Blow-Off
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I can conceive of NO way that an embedded imbalance of such magnitude can be unwound.
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DIONYSUS: " Thou hast no knowledge of the life thou art leading; thy very existence is now a mystery to thee. " -from 'The Bacchantes' By Euripides “During times of universal deceit, telling the truth becomes a revolutionary act.” -George Orwell
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Arkon
Posts: 77
Incept: 2009-02-06
Arlington, TX
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Quote:(Revisions only go back to the e/o/y 2006 numbers.) Should this be y/o/y or am I missing something? It will be interesting to see where those final dots really end up in time, and where the dots that come after it end up. Sheesh! |
Lenguado
Posts: 1272
Incept: 2010-01-12
Orlando, FL
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Arkon - e/o/y = End of Year, I believe. As for "those final dots" - I would say to lop 30% - 40% off them, and recalculate.... Then twist the cork out of that bottle of 100 year old scotch you have been saving.....and down it with a buddy. No sense in saving it for the ZOMBIES.... 
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I just realized... they aren't saying, "Keynesian Economics" they're saying "Kenyansian Economics". Grass Huts for everyone!  Welcome to history’s first Double Dip Depression |
