"...market observers should have learned long ago that the Bureau of Economic Analysis (BEA) initial GDP estimates can’t be trusted. A perusal of their subsequent GDP revisions in the last five years reveals a clear trend: They are almost twice as likely to revise initial estimates down rather than up, and the downward adjustments have been much larger on average."Government statistics lie.
Monday, August 12, 2013
Economy
Never believe the government about the economy or anything else.
Subscribe to:
Post Comments (Atom)



No comments:
Post a Comment