tag:blogger.com,1999:blog-11719208.post2769136881826483344..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: U.S. Q1 GDP improved - don't get too excitedTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-11719208.post-85112169771759508572008-05-29T13:30:00.000-07:002008-05-29T13:30:00.000-07:001) The last 25 years have been extraordinarily goo...1) The last 25 years have been extraordinarily <B>good</B> and the charts I present in the last link below <B>prove it</B>.<BR/><BR/>2) With today’s <B>50%</B> upward <A HREF="http://www.bea.gov/newsreleases/national/gdp/2008/gdp108p.htm" REL="nofollow">first revision to the Q1 GDP data</A>, the likelihood of a recession in 2008 is fading really, really fast.<BR/><BR/>It is probable that Q2 will show slower growth than Q1. But the best minds <A HREF="http://www.conference-board.org/economics/stalk.cfm#forecast" REL="nofollow">remain convinced</A> Q2 will show positive GDP growth, every quarter of 2008 will show positive growth and 2009 will grow faster than that.<BR/><BR/>Once we get the <A HREF="http://www.bea.gov/newsreleases/2008rd.htm" REL="nofollow">final numbers for Q2</A> (9/26/08), we will be able to safely bury all this media hysteria in the ash pile of a very long, very sad history of media folly.<BR/><BR/>Fortunately, we’ll be able to bury the 2008 recession myth <B>before</B> the November election. Thus, the political ploy on the part of Dems will have backfired (big-time).<BR/><BR/>See my latest updates on this sorry <A HREF="http://www.google.com/search?hl=en&lr=&as_qdr=all&q=recession+%22worst+since+world+war+II%22" REL="nofollow">media driven hysteria</A> here:<BR/>================================<BR/><A HREF="http://sbvor.blogspot.com/2008/04/recession-of-2008-that-wasnt.html" REL="nofollow">The Recession of 2008 That Wasn’t?</A><BR/>================================SBVORhttps://www.blogger.com/profile/02393495680438358951noreply@blogger.com