iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

Q4 2011 GDP Revised Upward to 4.1%?

Via ZeroHedge:

Of note 2010 GDP was revised from 3.0% to 2.4%, while Q3 2011 GDP was revised from 3.0% to 4.1%, indicating that the slowdown we are experiencing is in fact far worse than previously expected. It also shows that HFT trigger buying or selling on GDP data is completely meaningless as today’s data will be revised violently higher or lower in a year, making it completely irrelevant.

Read the rest and see the graphs here.

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