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September 29, 2011

Here’s another good-sounding economic story … with a catch

  • 1.3% the increase in U.S. gross domestic product in the second quarter, based on updated final numbers
  • 0.3% the improvement in that number from the initial estimates from the April-to-June quarter source

» Such evocative language in the source story: But before you get too excited about those three-tenths of one percent, just keep in mind the text that AFP used here: “The better-than-expected figure is unlikely to have a major impact on confidence in the enfeebled US economy, but tints the backdrop in a slight less gloomy hue.”

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10:50 // 2 years ago