Relevant:
- BEA Adjusts Second Quarter GDP Growth Back Upward
- They're Lying To Us, Part 2: GDP
- BEA Reports 1Q-2011 and "Great Recession" Far Worse Than We Had Been Previously Told
- US economy grew at weak 1.9 percent rate in 4th quarter
- U.S. economic growth slowed in 4th quarter but GDP grew more than anticipated
2011-08-28 — ml-explode.com
``The BEA's second estimate of second quarter 2011 U.S. Gross Domestic Product (GDP) was reported to be 0.98%, continuing their recent trend of revising previously reported economic growth rates down. The new growth number is .31% lower than the number reported only last month for the same quarter... and worse, substituting the current inflation rate published by the BLS (the CPI-U of 3.6%) for the rate used by the BEA causes the entire reported GDP growth rate to disappear.''
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