Comments on: MORNING MUSINGS – STRONG GDP http://pragcap.com/morning-musings-strong-gdp Sat, 26 May 2012 00:41:37 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Henry http://pragcap.com/morning-musings-strong-gdp/comment-page-1#comment-8221 Henry Thu, 29 Oct 2009 21:12:40 +0000 http://pragcap.com/?p=11784#comment-8221 "Who in their right mind would think that Jan Hatzius and the boys at Goldman could be so wrong?" Or many Jan Hatzius is wrong on PURPOSE. Many people including me was wondering about his uncanny revision of the unemployment last time. “Who in their right mind would think that Jan Hatzius and the boys at Goldman could be so wrong?”

Or many Jan Hatzius is wrong on PURPOSE. Many people including me was wondering about his uncanny revision of the unemployment last time.

]]> By: Skateman http://pragcap.com/morning-musings-strong-gdp/comment-page-1#comment-8215 Skateman Thu, 29 Oct 2009 19:58:34 +0000 http://pragcap.com/?p=11784#comment-8215 Is that you, Glenn? You promised you'd start taking your meds... Is that you, Glenn? You promised you’d start taking your meds…

]]> By: demlord http://pragcap.com/morning-musings-strong-gdp/comment-page-1#comment-8210 demlord Thu, 29 Oct 2009 18:25:17 +0000 http://pragcap.com/?p=11784#comment-8210 tax everthing that moves and give to the 5% union dudes... free healthcare that nobody can afford and just blame the woman from alaska!!!!!!!! obamaisgod - one word- and you just have to deal with it... and hes black i think... the unions fight for facism just like in italy , round and round we go...i know none of this makes any sense but im a demo and so smart you cant fathom anything i say... and when we round up all the investors and put them in work camps i'll be the one sticking my tongue out at all of you!!! tax everthing that moves and give to the 5% union dudes… free healthcare that nobody can afford and just blame the woman from alaska!!!!!!!! obamaisgod – one word- and you just have to deal with it… and hes black i think… the unions fight for facism just like in italy , round and round we go…i know none of this makes any sense but im a demo and so smart you cant fathom anything i say… and when we round up all the investors and put them in work camps i’ll be the one sticking my tongue out at all of you!!!

]]> By: Leland http://pragcap.com/morning-musings-strong-gdp/comment-page-1#comment-8205 Leland Thu, 29 Oct 2009 17:28:15 +0000 http://pragcap.com/?p=11784#comment-8205 Of course, the other possibility is that Jan Hatzius' estimate was closer to reality and that the official gov'mt number is an inflated fabrication or exaggeration (to later be revised downward). But then our government wouldn't ever do something like that, would it? Of course, the other possibility is that Jan Hatzius’ estimate was closer to reality and that the official gov’mt number is an inflated fabrication or exaggeration (to later be revised downward). But then our government wouldn’t ever do something like that, would it?

]]> By: hbl http://pragcap.com/morning-musings-strong-gdp/comment-page-1#comment-8203 hbl Thu, 29 Oct 2009 16:31:01 +0000 http://pragcap.com/?p=11784#comment-8203 Actually Hatzius seemingly got the revised estimate of nominal GDP exactly correct (-0.3%)! He was only wrong once you take the GDP deflator is taken into account... See <a href="http://www.ritholtz.com/blog/2009/10/economic-data-6/" rel="nofollow">here</a>: <i>"GDP in Q3 grew 3.5%, faster than the consensus of 3.2% but Nominal GDP was below forecasts as it grew 4.3% vs an expected gain of 4.6%. It was thus an .8% gain in the deflator vs expectations of a 1.4% rise that helped in part lift the REAL GDP figure above estimates."</i> Actually Hatzius seemingly got the revised estimate of nominal GDP exactly correct (-0.3%)! He was only wrong once you take the GDP deflator is taken into account… See here: “GDP in Q3 grew 3.5%, faster than the consensus of 3.2% but Nominal GDP was below forecasts as it grew 4.3% vs an expected gain of 4.6%. It was thus an .8% gain in the deflator vs expectations of a 1.4% rise that helped in part lift the REAL GDP figure above estimates.”

]]> By: Hedgie http://pragcap.com/morning-musings-strong-gdp/comment-page-1#comment-8202 Hedgie Thu, 29 Oct 2009 16:19:21 +0000 http://pragcap.com/?p=11784#comment-8202 Silly me--I assumed that Hatzius revised his number downward at the last minute to create a bidirectional trading opportunity for the Goldman prop desk, allowing them to position themselves short before Hatzius's note was issued and then to go long before the GDP figures were released. Silly me–I assumed that Hatzius revised his number downward at the last minute to create a bidirectional trading opportunity for the Goldman prop desk, allowing them to position themselves short before Hatzius’s note was issued and then to go long before the GDP figures were released.

]]> By: Rob http://pragcap.com/morning-musings-strong-gdp/comment-page-1#comment-8198 Rob Thu, 29 Oct 2009 15:23:09 +0000 http://pragcap.com/?p=11784#comment-8198 The question for equities is timing and level. How high can we possibly go? How low on a disappointment correction? And when? The question for equities is timing and level. How high can we possibly go? How low on a disappointment correction? And when?

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