Mucho Mahalo

August 1st, 2009 by Rich

Here’s the GDP bottom line if we do the simple addition:

THE BIG PICTURE

1.0 percent: The annual rate at which GDP dropped in the second quarter.

6.4 percent: The rate of GDP decline in the first quarter.

5.4 percent: The rate of GDP decline in the fourth quarter of 2008.

2.7 percent: The rate of GDP decline in the third quarter of 2008.

In the last 4 Quarters, GDP declined -15.5% if we believe official revisions, a textbook definition of Depression.

Maybe some rich smart traders will figure this out over the weekend rather than queue up for $3 B in clunker rebates…

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This entry was posted on Saturday, August 1st, 2009 at 5:55 am and is filed under Financial Planning. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Mucho Mahalo”

  1. Arsento Says:
    August 3rd, 2009 at 11:29 am

    I really like your blog and i respect your work. I’ll be a frequent visitor.

  2. Rich Says:
    September 15th, 2009 at 2:46 pm

    On behalf of all of us Arsento, thank-you.

 

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