GDP Numbers Very Political

[InvestEveryMonth 10]

The new GDP numbers came out today.

 

While the forecast had been a drop of around 5%, the number released today was a drop closer to 3%.

 

The GDP number is expected to worsen during revisions.

 

Can't we just have an accurate GDP number? Why are these numbers so political and crafted to what the politicians want to see?

 

Why do we put so much stock into the GDP numbers?

[brownsfan019 17]

If it moves the market, I'm all for it.

 

:rofl:

 

I could care less if they are real, imaginary, fake, or random. If they move the markets, great for trading.

 

Your handle implies that you are an investor and as an investor I would pay closer attention to these numbers, but you are on a trading forum.

[InvestEveryMonth 10]

I like when the markets move, but I want them to move based on accurate information. Otherwise we are just engaging in false information bubble investing and we all know where that leads.

 

I wouldn't say, "I don't care if Ken Lay is lying about the numbers. As long as he continues to pump up the Enron stock, I'm happy."

 

Now, many people are no longer happy that the rise in Enron stock was based on false information.

[trader273 10]

Investing and trading are totally different things. When trading I could really care less about the who, what, where, when, why, how. Just has to move. Now investing on the other hand is a completely different animal. Investing probably requires a little more in depth research of fundamentals.

 

You think someone trading enron stock really cared that ken lay was lying? Maybe after the fact, but during times of trading the trader probably wouldnt care. Someone investing in enron would be, and should be, pissed that he was lying.

[daedalus 10]

I literally laughed out loud when I read what they released today.

 

What a load of you-know-what.

 

And these are the same people that for the last year were releasing numbers that were showing a growing economy? I guess when in doubt - lie.

[trader273 10]

I literally laughed out loud when I read what they released today.

 

What a load of you-know-what.

 

And these are the same people that for the last year were releasing numbers that were showing a growing economy? I guess when in doubt - lie.

 

You actually read what they released? Man, I bet thats some exciting stuff. Ill just stick to my charts, lol.

[daedalus 10]

i was bored this morning... lol.