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To: kristinn

"Sharp revisions to GDP numbers are not unusual as the government does not have complete data when it makes its initial and preliminary estimates."

And...they're trying to manage the bad news: put out a bad number and let the news die down, then later massively revise it down and that revision gets less news coverage.

5 posted on 06/25/2014 5:52:06 AM PDT by SW6906 (6 things you can't have too much of: sex, money, firewood, horsepower, guns and ammunition.)

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To: SW6906

Bad winter?

10 posted on 06/25/2014 5:53:03 AM PDT by SIRTRIS

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To: SW6906

And...they’re trying to manage the bad news: put out a bad number and let the news die down, then later massively revise it down and that revision gets less news coverage. “

This has been happening month after month for the last five years with the unemployment figures.

15 posted on 06/25/2014 5:55:04 AM PDT by MNGal

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To: SW6906

No, they’re trying to manage the economy with Coke bottle glasses and a Martini.

30 posted on 06/25/2014 6:05:57 AM PDT by 1010RD (First, Do No Harm)

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To: SW6906

The revisions are scheduled far ahead of time. So you have it for your calendar:

Q2 1st estimate will be July 30th
Q2 2nd estimate will be August 28th
Q2 3rd estimate will be September 26th

32 posted on 06/25/2014 6:06:56 AM PDT by Wyatt's Torch

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