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Real GDI Provides Strong Recession Warning

Friday, September 30, 2016 16:51
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(Before It's News) / Mike “Mish” Shedlock / September 30, 2016 2:02:10

Yesterday the BEA released its Third Estimate for Second Quarter GDP.

The third (final) estimate bumped up the prior estimate from 1.1% to 1.4%. The BEA changed the name from final to third because GDP is subject to revisions years or even decades later.

Diving into the report we see “Real Gross Domestic Income ” GDI went from +0.2% to -0.2%. Is that significant? Let’s take a look.


The post Real GDI Provides Strong Recession Warning appeared first on Silver For The People.

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