Economy Looking Weak, Data Revisions Don’t Help
July 29, 2011 at 11:45 AM EDT
The economy is certainly weak. The latest report on GDP showed sub-par growth in the second quarter. Revisions to past data, which occur every summer, showed that the first quarter was even worse than we previously thought. Here’s a comparison of GDP growth rates, with “old” indicating the official data as released prior to today, [...]