Forum Home | Log in | Signup | My Page | Rules | FAQ | Boards | Members | Search
« ALEA Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: Q3 GDP 33.1 Jobless claims 751,000 they expected 35

By: Cactus Flower in ALEA | Recommend this post (0)
Thu, 29 Oct 20 4:32 PM | 13 view(s)
Boardmark this board | The Trust Matrix 		Msg. 39436 of 54959
(This msg. is a reply to 39434 by Cactus Flower)
Jump:
Jump to board:
Jump to msg. #

Good point made by someone: if an econmy shrinks by 30% and then grows by 30%, it ends up a lot smaller.

ie initial condition: economy = 100%.

reduction by 30%: economy = 70%.

30% growth: economy = 91% of its original size.

[Use 7.5% if you prefer]

http://twitter.com/crampell/status/1321560669850898433

» You can also:
- - - - -
The above is a reply to the following message:
Re: Q3 GDP 33.1 Jobless claims 751,000 they expected 35
By: Cactus Flower in ALEA
Thu, 29 Oct 20 4:23 PM 		Msg. 39434 of 54959

This is the kind of situation where multiplying quarterly numbers to produce annual ones doesn't work.

Quarterly growth was 7.4%. It wasn't 30 or 35%.

It also dipped by a bit more than that in the first half of the year.

The net effect is the US economy is in bad shape, but it has made up some of the lost ground.

« ALEA Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next