The Bureau emphasized that the fourth-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see the box on page 4 and "Comparisons of Revisions to GDP" on page 5). The "second" estimate for the fourth quarter, based on more complete data, will be released on February 26, 2016.
Translated means, "we'll find a way to jack these numbers up so they look better"
Just released within the last 10 minutes.My guess is that the snow in Washington last week will get a good bit of blame.
http://bea.gov/newsreleases/national/GDP/GDPnewsrelease.htm
What will Obama's excuse be this time, and how will the Democrat candidates spin this in light of their "the economy is GREAT!" messages?
Just released within the last 10 minutes.
http://bea.gov/newsreleases/national/GDP/GDPnewsrelease.htm
What will Obama's excuse be this time, and how will the Democrat candidates spin this in light of their "the economy is GREAT!" messages?
anyone remember if the initial reports are often corrected up, down, or no trend?My recollection (can't validate with statistical data) is that they are generally revised downward. Or am I thinking about employment numbers?
Translated means, "we'll find a way to jack these numbers up so they look better DEPENDING ON HOW HILLARY DOES IN IOWA AND NEW HAMPSHIRE"