Summary : CNBC host Rick Santelli reacted with shock to new Gross Domestic Product (GDP) numbers released Thursday.
“Oh, my gosh,” Santelli said. “ Not only was I wrong, down nine-tenths of 1% on first look at second quarter GDP – down nine-tenths of 1%.
The Bureau of Economic Analysis released the GDP figure Thursday. Santelli had predicted an increase of 0.6% seconds prior to the numbers coming out, while a survey of analysts by Bloomberg News predicted an increase of 0.4%.
“You look at the price index, also not very good news,” Santelli said. “Eight-point-seven percent.
<<<<<<<<<<<<<<<<<<<<<<<<
