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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (37189)7/29/2005 7:58:10 AM
From: Ramsey Su  Read Replies (1) of 110194
 
ild,

For example, automakers enjoyed strong sales last quarter -- in part because of special promotions -- but auto production rose by less than sales, as the auto companies and auto dealers took the opportunity to reduce the number of cars sitting on their lots. Because only new production is counted in GDP, Friday's initial estimate of second-quarter growth may come in below the 3.8% growth rate achieved in each of the last two quarters. The good news is that slimmer inventories should set the stage for stronger subsequent growth in production, and many economists consequently would expect strong growth in the third quarter.

We know Bernanke had the GDP data as he was writing. Sounds like he is already spinning away a disappointing number? It will be interesting to see if GDP misses expectations this morning.
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