d2d
New Fish
REUTERS:
A "modelling problem"??? The press would crucify a republican president, but nothing is ever Obama's fault. It's a "confluence of temporary factors." What a load of crap.
reuters.com/article/2015/05/29/us-usa-economy-idUSKBN0OE0BF20150529
U.S. economy likely shrank in first quarter, but fundamentals strong.
The government is expected to report on Friday that gross domestic product shrank at a 0.8 percent annual rate instead of growing at the 0.2 percent pace it estimated last month, according to a Reuters survey of economists.
With growth estimates so far for the second quarter around 2 percent, the economy appears poised for its worst first half performance since 2011.
Economists, however, caution against reading too much into the expected slump in output. They argue the GDP figure for the first quarter was held down by a confluence of temporary factors, including a problem with the model the government uses to smooth the data for seasonal fluctuations.
A "modelling problem"??? The press would crucify a republican president, but nothing is ever Obama's fault. It's a "confluence of temporary factors." What a load of crap.
reuters.com/article/2015/05/29/us-usa-economy-idUSKBN0OE0BF20150529
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