Q4 GDP revised from 2.5% to 1%…quietly

Good article at zero hedge shows how the government keeps us calm.

Pull quote:

Q4 GDP just got slammed. Below is a summary of the Wall Street penguins all of whom had no choice but to revise their Q4 GDPs far lower.

  • Goldman Sachs: 1.8% to 1.3%
  • JPM: 1.5% to 0.8%
  • RBS: 1.5% to 0.7%
  • Nomura: 2% to 1.3%
  • Last, and least, Deutche Bank’s Joe Lavorgna: unchanged at 1.3%

Many commenters at ZH are saying that with the false data reported in other sectors, we are in a recession now.

Because almost no news outlets trumpet the revisions, the powers that be simply publish overly optimistic estimates and then quietly, oh so quietly, release their revisions, knowing it will stay under the radar.

                          

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One Response to “Q4 GDP revised from 2.5% to 1%…quietly”

  1. Joan Landes Says:

    Creepy. It also makes me crazy how the opposite manipulation works too: create a crisis out of thin air and stampede the masses into subjugation in one form or another. Right now the Media is acting as the “fifth column”. Does anyone else remember what that means?

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