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The Isolated Blurt Thread XXIX : So Stupid

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Aglaopheme said:
But it tries so hard. Dancing like that everyday all day long just begging for scraps.

https://media3.giphy.com/media/iNUq5rs9KSrFm/source.gif




That could make for some trippy dreams. Where’s Fata when we need the worst gifs ever to be revisited? You know the ones.
Click to expand...
i can never forget :mad:

RocketLauncher said:
Hate to break it to you but that doesn't sound appetizing.😝



Fresh figs? Got any rooms to let? Between you in the garden and Butters in the kitchen I'd be living in paradise. :)
Click to expand...
:D:rose::rose:
 
Looks like Que was ahead of his time. From 2014:


Que said:
Keep in mind the "growth' in GDP is a rolling accounting trick. Over "estimate" it this quarter, revise it (always downward) to no headlines later, and use the revised lowered GDP number from last month to make up this months over-estimate.
Click to expand...



The Commerce Department said on Friday that gross domestic product increased at a 2.9% rate last year, confirming an estimate which was published in March. The department’s annual revisions to GDP data also showed the economy growing 2.5% in the 12 months through the fourth quarter of 2018, down from the previously reported 3.0%.

<snip>

Growth in the first quarter of 2018 was revised up to a 2.5% annualized rate from 2.2%. Second-quarter growth, which prompted Trump’s mission accomplished declaration, was cut to a 3.5% pace from a 4.2% rate. Growth in the third quarter was slashed to a 2.9% rate from a 3.4% pace. Fourth-quarter GDP growth was lowered to a 1.1% pace from a 2.2% rate.


https://www.reuters.com/article/us-usa-economy-growth/u-s-economy-misses-trumps-3-target-in-2018-idUSKCN1UL1KP
 
Wrong Element said:
Looks like Que was ahead of his time. From 2014:






The Commerce Department said on Friday that gross domestic product increased at a 2.9% rate last year, confirming an estimate which was published in March. The department’s annual revisions to GDP data also showed the economy growing 2.5% in the 12 months through the fourth quarter of 2018, down from the previously reported 3.0%.

<snip>

Growth in the first quarter of 2018 was revised up to a 2.5% annualized rate from 2.2%. Second-quarter growth, which prompted Trump’s mission accomplished declaration, was cut to a 3.5% pace from a 4.2% rate. Growth in the third quarter was slashed to a 2.9% rate from a 3.4% pace. Fourth-quarter GDP growth was lowered to a 1.1% pace from a 2.2% rate.


https://www.reuters.com/article/us-usa-economy-growth/u-s-economy-misses-trumps-3-target-in-2018-idUSKCN1UL1KP
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Don't expect Tweak to respond to this in any coherent way.
 



Salt water, blazing sun, little shade and a dead flat calm makes for misery on a sailboat.



​
 
Wrong Element said:
Looks like Que was ahead of his time. From 2014:






The Commerce Department said on Friday that gross domestic product increased at a 2.9% rate last year, confirming an estimate which was published in March. The department’s annual revisions to GDP data also showed the economy growing 2.5% in the 12 months through the fourth quarter of 2018, down from the previously reported 3.0%.

<snip>

Growth in the first quarter of 2018 was revised up to a 2.5% annualized rate from 2.2%. Second-quarter growth, which prompted Trump’s mission accomplished declaration, was cut to a 3.5% pace from a 4.2% rate. Growth in the third quarter was slashed to a 2.9% rate from a 3.4% pace. Fourth-quarter GDP growth was lowered to a 1.1% pace from a 2.2% rate.


https://www.reuters.com/article/us-usa-economy-growth/u-s-economy-misses-trumps-3-target-in-2018-idUSKCN1UL1KP
Click to expand...

It is not a partisan thing. The bureaucrats that have the (admittedly difficult) task of estimating the height, length, and weight of a tiger while it in motion in almost real time pad everything. When in doubt, round it up. They weren't doing it (probably) to prop up Obama. Although with that anemic economy there's something to be said for erring bigly on the side of growth.

There's always something to be said for erring on the side of growth. Although currently Democrats would love for the economy to tank generally speaking it's better for society it's better for tax revenues into the government it's better for people and businesses and foreign trading partners and everyone else if we are growing at a robust rate. The bigger the better. If we think we are growing at a greater rate than we are it can become a self-fulfilling prophecy. If we anticipate growth we plan for growth we increase Machine Tool orders we increase levels of inventory we buy more trucks we stock up on fuel contracts... all of us which helps the upward spiral of growth.

This is one of those few areas where the government can fuck with the economy with very little downside. Worst-case somebody notices and they simply say oops. The reason there is little harm in fudging that is there's nothing to unwind, no government program to fund based on it. It's just cheerleading with a padded brassiere.

-still better than the Green Energy Economy.
 
That said, their is an amplitude issue as one would expect with biases creeping into financial reportage. To my obviously biased ear it seems that the padded growth numbers were trumpeted a little louder under Obama and the revisions are getting a little bit more ink under Trump.
 
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