Thursday, August 28, 2008

Oops! Still no recession....

The preliminary estimate of the second-quarter increase in real GDP is 1.4 percentage points, or $39.7 billion, more than the advance estimate issued last month. The upward revision to the percentage change in real GDP primarily reflected upward revisions to exports and to private inventory investment and a downward revision to imports.

...Real GDP....................................... 3.3[%]
BEA: News Release: Gross Domestic Product and Corporate Profits

If you are a democrat, mass media con artists, or simply a gullible consumer of the so-called "news", don't believe your eyes, but quarter after quarter the economy GROWS. Current brainwashing of the American public is disturbingly Orwellian: war is peace, growth is recession, lie is truth, etc.


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