Gold Silver Reports ~ While recent GDP readings have showed inconsistency repeatedly, investors should not ignore GDP readings totally, said IHS chief economist Nariman Behravesh.
But there are at least three different problems with the GDP data series. The first is seasonality; there are huge swings in seasonality – for instance the first-quarter data is almost always underestimated. The government doesn’t seem to know how to deal with the first-quarter GDP data – whether it’s bad weather or something else.