Rubber Duck
23rd December 2008, 01:05 PM
http://www.reuters.com/article/businessNews/idUSTRE4BM2WI20081223
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! :lol:
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?
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! :lol:
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?