Yeah, where's Greenspan when you need him? I'd love to see a quote from him today about the twin evils of recession and inflation. Government data are hogwash. They conveniently leave out all factors which are skyrocketing. Food and energy.
And then they revise the crap out of them up and down. When they're going to have a bad number, they revise the previous number, up or down as the case may be, to cushion the blow.
remember when Greenspan talked about possible u.s. recession a while back and we had that slight 5% pullback, all those pumpers interviewed on cnbc were saying he should shut up, he probably got a good tongue lashing from federal reserve and has most likely crawled back into his hole, not to be heard of for a while .