muses of the moment

August 1, 2014

John Williams with

Filed under: Inflation, John Williams shadowstats — Tags: — totallygroovygirlfriday @ 7:45 am

Once again, John Williams with gives us the real stats. Here is his free summary:

No. 646: Second-Quarter 2014 GDP, GDP Benchmark Revisions, Household Income

• Second-Quarter GDP Surge Not Credible, Significant Downside Revisions Remain in Offing
• Actual Economic Activity Remains in Serious Trouble
• Historical GDP Revised Lower Where Better Data Were Available and Revised Higher Where Better Numbers Were Not

I am sure we will have a “revision” after the November elections for 2nd and 3rd quarter GDP.

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