{"id":6216,"date":"2009-11-20T15:20:03","date_gmt":"2009-11-20T20:20:03","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=6216"},"modified":"2009-11-20T15:20:03","modified_gmt":"2009-11-20T20:20:03","slug":"video-the-gdp-mirage","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2009\/11\/20\/video-the-gdp-mirage\/","title":{"rendered":"Video: The GDP Mirage"},"content":{"rendered":"<p>BusinessWeek wrote a rather compelling story about how GDP is grossly overstated last month. Now that we hear of the 20% downward revision to last quarter&#8217;s number, it is especially interesting to have a loo at their commentary.<\/p>\n<p>Read the article <!--more--><a href=\"http:\/\/www.businessweek.com\/magazine\/content\/09_45\/b4154034724383.htm\">HERE<\/a><\/p>\n<p>From BusinessWeek:<\/p>\n<blockquote><p>Here&#8217;s a riddle: If a scientist or engineer is laid off, does it affect gross domestic product?<\/p>\n<p>The third-quarter GDP figures, released on Oct. 29, showed the economy growing at a 3.5% annual pace, breaking a string of four consecutive negative quarters. The growth was driven mostly by a surge in the production of motor vehicles and other manufactured goods. <\/p><\/blockquote>\n<p>__<\/p>\n<p><script type='text\/javascript' src='http:\/\/static.feedroom.com\/affiliate\/_common\/js\/fr_embed.js'><\/script><\/p>\n<div id='flashcontent'><\/div>\n<p><script type='text\/javascript'>\nvar so = new FlashObject (\"http:\/\/bizweektv.pb.feedroom.com\/businessweek\/bizweektv\/pboneclip\/player.swf\", \"Player\", \"300\", \"249\", \"8\", \"#FFFFFF\");\nso.addVariable (\"Environment\", \"\");\nso.addVariable (\"SkinName\", \"pboneclip\");\nso.addVariable (\"SiteID\", \"bizweektv\");\nso.addVariable (\"SiteName\", \"businessweek\");\nso.addVariable (\"ChannelID\", \"\");\nso.addVariable (\"StoryID\", \"5fa02732d10e93fdae2d7da312cd29b762416370\");\nso.addVariable (\"Volume\", \".5\");\nso.addVariable (\"HostURL\", document.location.href);\nso.addVariable (\"OneClipEmbedCodeWidth\", \"300\");\nso.addVariable (\"OneClipEmbedCodeHeight\", \"249\");\nso.addVariable (\"rf\", \"\");\nso.addVariable (\"SWF_URL\", \"http:\/\/bizweektv.pb.feedroom.com\/businessweek\/bizweektv\/pboneclip\/player.swf\");\nso.addVariable (\"AutoPlay\", \"true\");\nso.addVariable (\"MoreVideoURL\", \"http:\/\/feedroom.businessweek.com\");\nso.addVariable (\"VideoPlayer.VideoPlayer1.JavascriptFolderURL\", \"http:\/\/static.feedroom.com\/affiliate\/_common\/js\");\nso.addVariable (\"OneClipEmbedCodeURL\", \"http:\/\/bizweektv.pb.feedroom.com\/businessweek\/bizweektv\/pboneclip\/player.swf\");\nso.addVariable (\"Org\", \"businessweek\");\nso.addVariable (\"VideoPlayer.VideoPlayer1.SendEMailURL\", \"http:\/\/frgallery.feedroom.com\/custom\/playerbuilder\/feedroom\/sendMail.jsp\");\nso.addVariable (\"VideoPlayer.VideoPlayer1.StoryLinkURL\", \"http:\/\/bizweektv.pb.feedroom.com\/businessweek\/bizweektv\/pboneclip\/player.html?fr_story=5fa02732d10e93fdae2d7da312cd29b762416370\");\nso.addVariable (\"quality\", \"high\");\nso.addParam (\"quality\", \"high\");\nso.addParam (\"allowFullScreen\", \"true\");\nso.addParam (\"allowScriptAccess\", \"always\");\nso.addParam (\"menu\", \"false\");\nso.write (\"flashcontent\");\n<\/script><\/p>\n<p>___<br \/>\nDisclosure: <a title=\"Horowitz &amp; Company\" href=\"http:\/\/www.horowitzandcompany.com\">Horowitz &amp; Company<\/a> clients may hold positions of securities mentioned as of the date published.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BusinessWeek wrote a rather compelling story about how GDP is grossly overstated last month. Now that we hear of the 20% downward revision to last quarter&#8217;s number, it is especially interesting to have a loo at their commentary. Read the article<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5,12],"tags":[481],"class_list":["post-6216","post","type-post","status-publish","format-standard","hentry","category-economy","category-markets","tag-economy","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/6216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=6216"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/6216\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=6216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=6216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=6216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}