GDP revisions
November 23, 2011
OK, if you already understand revisions to the GDP, skip this. But Joan McCullough gives us a 5,000-foot view on the mechanics of GDP, on which it is useful to have a medium-sized handle. Newbies should read. And this is a detailed analysis of why we had the recent revision. I expect the new month will see a further revision down, as I said when the number first came out.