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In reply to the discussion: The US economy grew at a 3.8% rate in the second quarter, significantly stronger than previously reported [View all]
Wiz Imp
(10,085 posts)46. Thank you! You are right about everything.
It's gotten extremely aggravating and frustrating that so many people here are so sure all numbers are fake. I understand the skepticism. Make no mistake, even many BLS employees themselves don't trust this administration. But former BLS commissioners have stated it would be impossible to manipulate the data without being detected. I'm going to make one more post laying that out in full detail.
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The US economy grew at a 3.8% rate in the second quarter, significantly stronger than previously reported [View all]
BumRushDaShow
Sep 2025
OP
First thing I thought: U.S. Commerce Department is putting out these numbers, Lutnick doesn't want to be fired.
sop
Sep 2025
#2
It includes Libation Day (sp) in April, with front running & all kinds of unusual adjustments by corps to TACO.
Bernardo de La Paz
Sep 2025
#16
Awful that we have to wonder if official reports and stats are trustworthy. But there's good reason. And awful that
wiggs
Sep 2025
#5
The data for the next ten quarters is available and waiting to be released.
twodogsbarking
Sep 2025
#9
Yes, the economy is artificially boosted by AI capex (data centres, energy)
Bernardo de La Paz
Sep 2025
#19
They are moving to throw up data centres as fast as they can. There is construction, purchase of gas turbines, etc.
Bernardo de La Paz
Sep 2025
#57
Thank you. As if not getting fired automatically makes a worker corrupt.
Bernardo de La Paz
Sep 2025
#34
Everything he said would prevent a political appointee from juicing numbers.
Bernardo de La Paz
Sep 2025
#43
And when the reports are especially bad, like the last 2 payroll jobs reports, and the May retail sales
progree
Sep 2025
#67
Agreed - although I myself learned long ago that going through the mental contortions required to willfully
Midwestern Democrat
Sep 2025
#68
Reporting it accurately in Trump's maladministration and you are fired.
travelingthrulife
Sep 2025
#49
The reported GDP numbers are inflation-adjusted, that's why it's called "real GDP". The nominal dollar increase was a
progree
Sep 2025
#36
The reported GDP numbers are inflation-adjusted, that's why it's called "real GDP". The nominal dollar increase was 6.0%
progree
Sep 2025
#37
Thank you for the info. So, tariffs could, at least partly, be distorting the numbers.
Doodley
Sep 2025
#64
A major reason for the increase is actually a quirk in how the GDP is calculated.
Wiz Imp
Sep 2025
#33
Instead of trafficking in conspiracy theories about how everything is "fake" (it's not)
Wiz Imp
Sep 2025
#50
nice, cnn! way to spin "inflation was even higher than previously thought" as a positive thing.
unblock
Sep 2025
#54