841. GDP cheating (6/29/2014)
How the government cheat you on GDP of 1st quarter of 2014.
1. Apr 30, 2014. They said it increased 0.1%.
2. May 29, 2014. They said it decreased 1.0%.
3. Jun 25, 2014. They said it decreased 2.9%.
U.S. First Quarter Gross Domestic Product (Text)
By Chris Middleton Apr 30, 2014
Following is the text of the Gross Domestic Product report from the Commerce Department:
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 0.1 percent in the first quarter (that is, from the fourth quarter of 2013 to the first quarter of 2014), according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.6 percent. http://www.bloomberg.com/news/2014-04-30/u-s-first-quarter-gross-domestic-product-text-.html
GROSS DOMESTIC PRODUCT: FIRST QUARTER 2014 (SECOND ESTIMATE)
MAY 29, 2014
Lisa Mataloni: (202) 606-5304 (GDP) firstname.lastname@example.org
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 1.0 percent in the first quarter according to the "second" estimate released by the Bureau of Economic Analysis. http://www.bea.gov/newsreleases/national/gdp/2014/pdf/gdp1q14_2nd.pdf
U.S. economy collapses in first quarter, but growing again
By Lucia Mutikani 6/25/2014
WASHINGTON (Reuters) -
The Commerce Department said on Wednesday gross domestic product fell at a 2.9 percent annual rate, the sharpest decline in five years, instead of the 1.0 percent pace it had reported last month. http://finance.yahoo.com/news/u-economy-contracts-2-9-123534819.html
842. GDP cheating to assure a prosperous stock market (7/6/2014)
Although the GDP of the first quarter of 2014 is the sharpest decline in five years, another index of economy goes in contrary way. The Dow Jones index reaches its history high(over 17,000) on July 3, 2014. Since April – despite the poor economy that GDP suffered a big loss – the stock market remains in high level. Obviously, the ruler of this country is planning a rising stock market trap. They don’t want the bad news of fallen GDP to interrupt their plan. Then we saw this dramatic GDP cheating opera. They deliberately put the original report of first quarter GDP having 0.1% increase. That’s the minimum unit to separate two thorough different worlds – positive and negative. With this small 0.1%, people thought the US economy was still increasing, though at the cliff of recession. With other cheating method and propaganda, they keep Americans in a dream that US economy is going to prosperous. Here is how Dow Jones index kept rushing to its recent peak – watch the timing (from April to June) while actually economy is in recession.
Dow Highest Closing Record
The Dow historical closing high is 16,947.08 set June 20, 2014. Normally, investors say "sell in May," but that's why you can't time the market. The Dow is on a winning streak, after falling to 15,372.80 on February 3. Here's this year's streak:
•16,945.92 on June 10
•16,943.10 on June 9
•16,924.28 on June 6
•16,836.11 on June 5
•16,743.63 on June 2
• 16,717.17 on May 30
•16,715.44 on May 13
•16,695.47 on May 12
•16,583.34 on May 9
•16,580.84 on April 30
Be noticed that April 30 was the day they gave original report of the first quarter GDP. Could you see from this chart how they build this upward ladder to lure innocent people in to join this “rush to pick up the peak fruit” movement?