while a sub 1% revision today at 8:30 am is interesting, reality
is that 9 months hence we will be told we were already in a
recession back in the summer of '11. that way, in the heart of
election season, the politicians will be saying
we already out of it
gdp revision
GDP revision
Posted by hazbin1 on 26th of Aug 2011 at 08:17 am
while a sub 1% revision today at 8:30 am is interesting, reality is that 9 months hence we will be told we were already in a recession back in the summer of '11. that way, in the heart of election season, the politicians will be saying we already out of it
Not sure the numbers will cooperate on 'getting out'...
Posted by lessarda on 26th of Aug 2011 at 11:34 am
the multi-year revisions last month technically meant we never got out of recession the first time.
Takes 7 years on average
Posted by parkridge77 on 26th of Aug 2011 at 11:47 am
Takes 7 years on average to work out of large public debt overhang & not without "pain"-- from Inst. of economics & Harvard commentary
yikes- Italy public debt to GDP is 120% -