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Obama's New Year's Resolution: The US Economy goes on a diet

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Filed: Timeline
Close enough, and getting closer. But you really need to compare 9/30 numbers with 9/30 numbers.

What's a 9/30 number? :unsure:

Numbers reflecting the same date, in this case, the end of the third quarter. In other words, if you using snapshot to quantify a moment in time, make sure you take all measurements from the same snapshot.

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Filed: Country: United Kingdom
Timeline
Close enough, and getting closer. But you really need to compare 9/30 numbers with 9/30 numbers.

What's a 9/30 number? :unsure:

Numbers reflecting the same date, in this case, the end of the third quarter. In other words, if you using snapshot to quantify a moment in time, make sure you take all measurements from the same snapshot.

We won't know the exact GDP numbers for this year until 12/31.

We do have the exact public debt numbers, to the penny.

How exactly do you suggest we compare 9/30 to 9/30?

Are you rejecting the GDP estimate because you think it's too high or too low?

biden_pinhead.jpgspace.gifrolling-stones-american-flag-tongue.jpgspace.gifinside-geico.jpg
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Filed: Timeline
Close enough, and getting closer. But you really need to compare 9/30 numbers with 9/30 numbers.

What's a 9/30 number? :unsure:

Numbers reflecting the same date, in this case, the end of the third quarter. In other words, if you using snapshot to quantify a moment in time, make sure you take all measurements from the same snapshot.

We won't know the exact GDP numbers for this year until 12/31.

We do have the exact public debt numbers, to the penny.

How exactly do you suggest we compare 9/30 to 9/30?

Are you rejecting the GDP estimate because you think it's too high or too low?

You were using a 3rd quarter GDP estimate and not comparing it with the debt number for the same period, but rather a number from a month and a half later. The ratio you came up with may not be off that much, but in the quest for accurate numbers, it is best to compare numbers for the same period.

And the revised GDP numbers, the ones that go in the history books for all of 2009, probably won't be published until June, or so. There is a four to six month lag for the various agencies to collect all the data and agree on a number.

Edited by Lone Ranger
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Filed: Country: United Kingdom
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You were using a 3rd quarter GDP estimate and not comparing it with the debt number for the same period, but rather a number from a month and a half later. The ratio you came up with may not be off that much, but in the quest for accurate numbers, it is best to compare numbers for the same period.

Says the guy whose chart showed a debt/GDP figure that was 20 percentage points too low. :blink:

FYI, the "3rd quarter GDP estimate" ($14.3 trillion) was for the entire year, not for the

first three quarters. The Q1-Q3 number is less than $12 trillion.

So if you really, really want to compare the GDP and debt numbers for the same

period, the ratio is close to 100%.

biden_pinhead.jpgspace.gifrolling-stones-american-flag-tongue.jpgspace.gifinside-geico.jpg
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