Some feedback to Financial Reporters
Posted in Economics on March 1st, 2009 by leodirac – Comments OffI’m sure you know the US economy is in recession, which means the total amount of economic activity is declining. Last week you might have heard the official numbers on how fast it’s declining. The big story was that the economy is down 6.2%, and everybody agrees that’s a lot. Most everybody agrees on what it was that shrank — the GDP, or Gross Domestic Product, which is a strictly defined measure that attempts to sum up all economic activity within the country’s borders. But subtle differences in wording make it really unclear on actually how fast the economy was…
...full article
Leo is a professional geek who looks forward to the robots taking over. For more current, less coherent thoughts, follow him on twitter