Real-Time GDP Analog Contracts at Over 1% Annualized Rate
Summary
"We have been asked how our measurements could differ so significantly from the BEAs most recent readings of the GDP," said Richard Davis, President of the Consumer Metrics Institute."We feel that investors deserve information that is upstream economically, has daily resolution, isnt noisy or frequently revised, and is measuring what Consumers are actually doing in the current century.Similarly, on July 30th 2010 they will announce that the 2nd Quarter 2010 U.S. GDP contracted at an annualized rate of slightly over 1%, a reasonable projection of where our February 28th 2010 Growth Index will be."We have been asked how our measurements could differ so significantly from the BEAs most recent readings of the GDP," said Richard Davis, President of the Consumer Metrics Institute."We feel that investors deserve information that is upstream economically, has daily resolution, isnt noisy or frequently revised, and is measuring what Consumers are actually doing in the current century.