841. GDP cheating (6/29/2014)
How thegovernment cheat you on GDP of 1st quarter of 2014.
1. Apr 30, 2014. They said it increased0.1%.
2. May 29, 2014. They said it decreased1.0%.
3. Jun 25, 2014. They said it decreased2.9%.
------------------------------U.S.First Quarter Gross Domestic Product (Text)
By ChrisMiddleton Apr 30, 2014
Following is thetext of the Gross Domestic Product report from the Commerce Department:
Real grossdomestic product -- the output of goods and services produced by labor andproperty located in the United States -- increased at an annual rate of 0.1percent in the first quarter (that is, from the fourth quarter of 2013 to thefirst quarter of 2014), according to the “advance” estimate released by theBureau of Economic Analysis. In the fourth quarter, real GDP increased 2.6percent.
http://www.bloomberg.com/news/2014-0...uct-text-.html
----------------------GROSSDOMESTIC PRODUCT: FIRST QUARTER 2014 (SECOND ESTIMATE)
MAY 29, 2014
Lisa Mataloni: (202)606-5304 (GDP) gdpniwd@bea.gov
Real grossdomestic product -- the output of goods and services produced by labor and propertylocated in the United States -- decreased at an annual rate of 1.0 percent inthe first quarter according to the "second" estimate released by theBureau of Economic Analysis.
http://www.bea.gov/newsreleases/nati...dp1q14_2nd.pdf
U.S.economy collapses in first quarter, but growing again
By LuciaMutikani 6/25/2014
WASHINGTON(Reuters) -
The CommerceDepartment said on Wednesday gross domestic product fell at a 2.9 percentannual rate, the sharpest decline in five years, instead of the 1.0 percentpace it had reported last month.
http://finance.yahoo.com/news/u-econ...123534819.html
842. GDP cheating to assure a prosperous stockmarket (7/6/2014)
Although the GDPof the first quarter of 2014 is the sharpest decline in five years, anotherindex of economy goes in contrary way. The Dow Jones index reaches its historyhigh(over 17,000) on July 3, 2014. Since April – despite the poor economy thatGDP suffered a big loss – the stock market remains in high level. Obviously, theruler of this country is planning a rising stock market trap. They don’t wantthe bad news of fallen GDP to interrupt their plan. Then we saw this dramaticGDP cheating opera. They deliberately put the original report of first quarterGDP having 0.1% increase. That’s the minimum unit to separate two thoroughdifferent worlds – positive and negative. With this small 0.1%, people thoughtthe US economy was still increasing, though at the cliff of recession. Withother cheating method and propaganda, they keep Americans in a dream that USeconomy is going to prosperous. Here is how Dow Jones index kept rushing to itsrecent peak – watch the timing (from April to June) while actually economy isin recession.
Be noticed thatApril 30 was the day they gave original report of the first quarter GDP. Couldyou see from this chart how they build this upward ladder to lure innocentpeople in to join this “rush to pick up the peak fruit” movement?DowHighest Closing Record
The Dowhistorical closing high is 16,947.08 set June 20, 2014. Normally, investors say"sell in May," but that's why you can't time the market. The Dow ison a winning streak, after falling to 15,372.80 on February 3. Here's thisyear's streak:
•16,945.92 on June 10
•16,943.10 onJune 9
•16,924.28 onJune 6
•16,836.11 onJune 5
•16,743.63 onJune 2
• 16,717.17 onMay 30
•16,715.44 on May13
•16,695.47 on May12
•16,583.34 on May9
•16,580.84 onApril 30