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Old 23rd December 2008, 02:05 PM
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Well at least we now know the DOC are bunch of liars

http://www.reuters.com/article/busin...4BM2WI20081223

It is bloody lucky Americans cannot do basic arithmetic.

If consumer spending which account for three quarter of GDP drops 3.8%, then by how much does GDP contract?

0.5% or more accurately whatever figure the White House gives you to publish!

I am guessing here but to square this all the money Bernanke is creating and pumping into market liquidity must also be included in the figures?
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Old 23rd December 2008, 02:33 PM
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Re: Well at least we now know the DOC are bunch of liars

They have to keep lying. Truth is too scary. Besides, give them a break. They are just working there. They have no real power over anything themselves.
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