GDP In Pictures: The Truth

07/31/2009 • The Market Ticker

The pumpers in the media will burn in Hell for dragging you (the sheeple) back into this market. Here's the truth on GDP, in picture I updated the previous Ticker but this is important enough to put up as a separate post. I will maintain this quarterly as new releases come out; this is a new "staple" for The Market Ticker, where unlike the sell-side that is always trying to get you to buy I am concerned with the truth about our economy and deal in the facts, not hype. This is off Table 3B in the BEA's release and is actual year-over-year change in constant (chained) dollars. Feel free to check my work - in fact, you should check my work, just like you should check everyone else's you hear, especially if you hear a politician or media pundit opine about how "things are getting better." Baloney. Not only is the GDP still falling it is still falling at an increasing year-over-year rate.