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To: ChanceIs who wrote (93510)	10/31/2007 9:47:56 PM
From: bruiser98	Read Replies (1) \| Respond to of 306849

reuters.com

To: ChanceIs who wrote (93510)	10/31/2007 9:49:15 PM
From: Giordano Bruno	Respond to of 306849

Sources as disparate as Tony Crescenzi, chief bond market strategist at Miller Tabak, and John Williams, who runs the Shadow Government Statistics Web site, called shenanigans on today’s advance third-quarter GDP report because of a sharp decline in the annualized inflation indicators present in the report. “The nominal (not adjusted for inflation) numbers tell a different story. There, annualized third-quarter growth slowed to 4.67% from 6.56% in the third quarter,” writes Mr. Williams. “The reason that “real” growth increased is that annualized inflation, as reflected by the GDP deflator, sank to 0.77% in the third quarter from 2.64% in the second quarter.” Mr. Crescenzi notes that the deflator grew at its slowest pace since 1963, way off the consensus for 2% — which would have reduced growth to 2.7%, rather than the 3.9% reported by the Bureau of Labor Statistics. WSJ Message 24015525