{"id":361,"date":"2010-02-26T10:51:00","date_gmt":"2010-02-26T15:51:00","guid":{"rendered":"http:\/\/www.intuitiveinvestor.com\/web\/?p=361"},"modified":"2018-08-21T09:06:22","modified_gmt":"2018-08-21T13:06:22","slug":"revision-to-fourth-quarter-gdp","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2010\/02\/26\/revision-to-fourth-quarter-gdp\/","title":{"rendered":"Revision to fourth quarter GDP"},"content":{"rendered":"<p><span style=\"font-size: 16px;\">You may\u00a0hear in the business media this morning that fourth quarter GDP was revised upward from an initial reading to 5.7% to 5.9%.\u00a0 While the figure was revised up, all of the increase came from components other than consumer spending.\u00a0 In fact, at the time of the initial posting of the figure I said that GDP growth that simply represented manufacturers making goods <em>in anticipation of consumer spending<\/em> is not sustainable.\u00a0 Unfortunately for folks who like to spin news, this latest revision to GDP actually shows an even lower number for consumer spending growth, from an initial estimate of 2.0%, down to 1.7%.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">My favorite part of the news flow surrounding today&#8217;s news is that supposedly futures were slightly lower to barely up this morning because &#8220;investors&#8221; are worried that GDP growth is not sustainable based solely on manufacturers restocking shelves.\u00a0 Duh!\u00a0 Am I that smart, or are folks just so dumb?<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Have a good weekend!<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You may\u00a0hear in the business media this morning that fourth quarter GDP was revised upward from an initial reading to 5.7% to 5.9%.\u00a0 While the figure was revised up, all of the increase came from components other than consumer spending.\u00a0 In fact, at the time of the initial posting of the figure I said that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-361","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=361"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/361\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}