You seem very desperate to discredit mathematical facts.
It went up 2.1% in Q4. You posted a prediction that it will go up an ADDITIONAL 0.9% in Q1. Knowing your challenges with maths, I simplified it for you before (2.1 + 0.9 = 3.0). Now I'll show you the actual big boy calculation.
2.1 + 0.9(1+ 2.1/100) = 3.0189%
Annualized that's north of 6%.
I don't expect you to understand those calculations, so suffice to say that the economy is booming.
Sorry, hate to challenge you on being just plain stupid as in "seasonally adjusted annual rate":
"The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2017 is 0.9 percent on March 31, down from 1.0 percent on March 24."
So you're going with the 3+% for the year. Still damn good.
Sure, just keep telling yourself that.
Back testing with revised data indicates a RMS error of 1.15 percentage points for GDPNow's forecasts.
Wait, what? A prediction of 0.9% could be off by more than 1 percentage point? That makes it useless.
Ghost of Igloi wrote:
2016 GDP growth 1.6%, Q1 GDP 0.9%, barely above recessionary levels.
Yippie!
The 2016 GDP growth rate was 3.47%.
http://www.multpl.com/us-gdp-growth-rate/table/by-yearDectector Dude wrote:
The 2016 GDP growth rate was 3.47%.
BEA statistics:
https://bea.gov/newsreleases/national/GDP/GDPnewsrelease.htmYou are confusing GDP with Real GDP.
You'd think someone who claims to be a CFP would know the difference.
Hey Igy-
I had good race today - on a flat fast course with good weather and competition. Hard to get much better than that. Ran 82.6%, which is probably the best AG% I've ever run on the roads.
Bit sad that I'm not running quite the absolute times I ran the last two years, but close enough.
Now I'm looking forward to some rest.
Igy is unavailable to reply right now. He's busy researching the difference between GDP and Real GDP.
agip,
That's a rewarding feeling. Very good race. Anytime you are in that range you can be proud of your effort.
How are you planning your well deserved rest phase?
I had to trim back my long run Saturday. I felt the increase in total training volume. Nevertheless, it was my highest overall training volume in several years.
Igy
Detector Dude is researching the difference between Fake Igy and Real Igy.The Dude is so infatuated with the project he made sure he packed a sack lunch.
Automated response wrote:
Igy is unavailable to reply right now. He's busy researching the difference between GDP and Real GDP.
Igy, honest question...why do you change names? I mean, everyone knows it's you and you just end up being exactly what you have railed against.
Everyone knows this is from Detector Dude.
Remember that Detector Dude is researching the difference between Fake Igy and Real Igy.
The Dude is so infatuated with the project he made sure he packed a sack lunch.
Thanks, Igy. You rarely disappoint.
Honest Answer + Detector Dude = oxymoron
And don't forget the sack lunch, retard.
Yes, Detector Dude gets hungry. PB&J, ham sandwich on rye, chips, apple, coke and cookie.
Researching the life of Igy stimulates the hunger response.