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May 02, 2008

Jim Hamilton on the GDP Release

He writes:

http://www.econbrowser.com/archives/2008/04/gdp_still_growi.html Econbrowser: GDP still growing (barely)

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Comments

Is it me, or are Bad Excel Graphs by economists getting worse every day? This one makes me want to poke my eyes out with a cocktail swizzler.

Bright spot is exports??

Exports of food stocks, natural resources, finished goods (paricularily metal-containg goods) certainly affected by more than 2.6% deflator. A very easy call to say that the bright spot was inflated by understating inflation.

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