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10/16/2010

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Tony Weddle

Dave, the 1.7% figure wasn't wrong. The latest revision has the figure at 1.7%. Of course, that is unlikely to be the accurate figure for the state of the US economy, but Bloomberg presumably doesn't doubt government statistics.

http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

Dave Cohen

OK, Tony.

I corrected that in the text.

I wonder why the "final" revision was so widely reported to be 1.6%?

Just do a Google search, and you'll see what I mean. Maybe it's just a rounding problem. Somebody (the government) rounded up and somebody else (not the government) rounded down.

I could resolve this right now if I weren't so lazy just this moment ;-)

-- Dave

CompassionateFascist

Lies, big lies...and gub'mint statistics. My real income is off 50% in the last couple of years. That is all I need to know.

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