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* Japanese Retail Trade SA (Aug) M/M -1.7% vs. Exp. 0.2% (Prev. -0.3%)
* Japanese Retail Trade (Aug) Y/Y -2.6% vs. Exp. -0.8% (Prev. 0.7%, Rev. 0.6%) (RTRS)
WTI and Brent crude traded higher during the European session with weakening in the USD-Index after Fed’s Bernanke said the central bank might need to ease monetary policy further if inflation or inflation expectations fall significantly.
Originally posted by Vitchilo
reply to post by flice
Yeah that isn't much different than what ENRON did... You think China is a bubble? You think America is a bubble? Europe is about to create the mother of all bubbles and when it burst, it's gonna be EPIC.
Originally posted by surrealist
Yeah GDP is really still crap when you look at it against inflation. Good point^.
ross domestic product in the United States represents the total aggregate output of the U.S. economy. It is important to keep in mind that the GDP figures as reported to investors are already adjusted for inflation. In other words, if the gross GDP was calculated to be 6% higher than the previous year, but inflation measured 2% over the same period, GDP growth would be reported as 4%, or the net growth over the period.
Originally posted by TheImmaculateD1
Originally posted by Vitchilo
reply to post by flice
Yeah that isn't much different than what ENRON did... You think China is a bubble? You think America is a bubble? Europe is about to create the mother of all bubbles and when it burst, it's gonna be EPIC.
Here's hoping best case each bubble pops independent to the rest and is spaced far enough apart not to negatively shock the system. Take out all 3 in less then a year and guess what, TOTAL AND COMPLETE GLOBAL FINANCIAL MELTDOWN!
Originally posted by mossme89
Originally posted by surrealist
Yeah GDP is really still crap when you look at it against inflation. Good point^.
Isn't GDP adjusted for inflation?
ross domestic product in the United States represents the total aggregate output of the U.S. economy. It is important to keep in mind that the GDP figures as reported to investors are already adjusted for inflation. In other words, if the gross GDP was calculated to be 6% higher than the previous year, but inflation measured 2% over the same period, GDP growth would be reported as 4%, or the net growth over the period.
www.investopedia.com...'___'CTRO
Originally posted by Vitchilo
This ain't looking good.
Today there are :
- the German vote on the European bailouts.
- US GDP numbers
- Italy selling $9 billion in bonds.
- Jobless claims
- Fed Balance
Originally posted by XplanetX
Originally posted by mossme89
Originally posted by surrealist
Yeah GDP is really still crap when you look at it against inflation. Good point^.
Isn't GDP adjusted for inflation?
ross domestic product in the United States represents the total aggregate output of the U.S. economy. It is important to keep in mind that the GDP figures as reported to investors are already adjusted for inflation. In other words, if the gross GDP was calculated to be 6% higher than the previous year, but inflation measured 2% over the same period, GDP growth would be reported as 4%, or the net growth over the period.
www.investopedia.com...'___'CTRO
Yes, but the government's figures for inflation are totally bogus.
www.shadowstats.com...