South Lorne Posted October 26, 2010 Share Posted October 26, 2010 HEELLLOOOOW, it's still falling. ...if you're talking FTSE...all the European Markets are down in similar trend..... Quote Link to comment Share on other sites More sharing options...
South Lorne Posted October 26, 2010 Share Posted October 26, 2010 (edited) ...if you're talking FTSE...all the European Markets are down in similar trend..... ...and NASDAQ and DOW are straight down on opening...bet the City's busy..... Edited October 26, 2010 by South Lorne Quote Link to comment Share on other sites More sharing options...
MinceBalls Posted October 26, 2010 Share Posted October 26, 2010 GDP is always reported after adjustment by the GDP deflator. Thanks Quote Link to comment Share on other sites More sharing options...
Meat Puppet Posted October 26, 2010 Share Posted October 26, 2010 Its a first print so expect it to be revised down and we still have only recovered about half of the decline during the recession. Interesting that construction spending is near the 2008 peak. Who's doing the building? Quote Link to comment Share on other sites More sharing options...
Liquid Goldfish Posted October 26, 2010 Share Posted October 26, 2010 Its a first print so expect it to be revised down and we still have only recovered about half of the decline during the recession. Interesting that construction spending is near the 2008 peak. Who's doing the building? We all said the 1.2% Q2 would be revised down. I'm confused about the construction figures too. Quote Link to comment Share on other sites More sharing options...
frankief Posted October 27, 2010 Share Posted October 27, 2010 I'm confused about the construction figures too. You are not the only one. Construction is on it's @rse at the moment, yet it is the economy's saviour?. Perhaps the figures are wrong? See link. http://www.construct...les-economists/ Quote Link to comment Share on other sites More sharing options...
Dorkins Posted October 27, 2010 Share Posted October 27, 2010 (edited) GDP doesn't measure real growth - just nominal? Or am I being incredibly naive? GDP is adjusted for a "deflator" which is supposed to account for inflation i.e. GDP growth is always real. However this deflator is almost always a lot smaller than CPI/RPI, which is somewhat flattering to GDP growth numbers. Edit: said inflator, meant deflator Edited October 27, 2010 by Dorkins Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted October 27, 2010 Share Posted October 27, 2010 GDP is adjusted for a "deflator" which is supposed to account for inflation i.e. GDP growth is always real. However this inflator is almost always a lot smaller than CPI/RPI, which is somewhat flattering to GDP growth numbers. that was really unexpected, Winston. Quote Link to comment Share on other sites More sharing options...
Liquid Goldfish Posted October 27, 2010 Share Posted October 27, 2010 You are not the only one. Construction is on it's @rse at the moment, yet it is the economy's saviour?. Perhaps the figures are wrong? See link. http://www.construct...les-economists/ Thanks, that's very interesting Quote Link to comment Share on other sites More sharing options...
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