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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Boca_PETE who wrote (1914)	7/31/2002 8:43:31 AM
From: Wally Mastroly	Respond to of 10065

GDP summary headlines - to go with your more detailed articles + GDP statistics release link: 8:30am 07/31/02 GDP REVISIONS SHOW 3 NEGATIVE QUARTERS IN 2001 8:31am 07/31/02 STOCK FUTURES TURN LOWER AFTER Q2 GDP DATA 8:30am 07/31/02 U.S. Q2 REAL FINAL SALES DOWN 0.1% 8:31am 07/31/02 U.S. Q2 PCE DEFLATOR 2.1% VS 1.2% Q1; CORE 1.3% 8:31am 07/31/02 U.S. Q2 CONSUMER SPENDING 1.9% VS 3.1% Q1 8:30am 07/31/02 U.S. Q2 BUSINESS INVESTMENT -1.6% VS -5.8% Q1 8:30am 07/31/02 U.S. Q1 GDP REVISED TO 5.0% FROM 6.1% 8:30am 07/31/02 U.S. GDP SHOWS ECONOMY WEAKER THAN THOUGHT 8:30am 07/31/02 U.S. Q2 GDP 1.1% VS 2.4% EXPECTED - bea.gov - (Link via Les H.)

To: Boca_PETE who wrote (1914)	7/31/2002 9:58:27 AM
From: Alan Bell	Read Replies (1) \| Respond to of 10065

The first quarter GDP number was revised downward from 6.1% to 5%. In the past, Bob has commented, that based on recent history, one can expect the employment numbers to be revised downward. Now this is also happening on the GDP. Is the second quarter 1.1% we were just told real? One also has to wonder if this is just carelessness or if they are doing it on purpose, hoping no one will notice the revised numbers, so the economy looks better than it actually is.