Rear View Mirror

In case you thought there was some actual value to BLS statistical data, here, thanks to Consumer Metrics, is the BLS estimate for GDP change in a single quarter, Q12008.

BEA’s Changing View of First Quarter 2008 GDP

Reported Growth Rate Report Date Months Lag
+0.6% April 30, 2008 1
+0.9% May 29, 2008 2
+1.0% June 26, 2008 3
+0.9% July 31, 2008 4
-0.7% July 31, 2009 16
-0.7% July 30, 2010 28
-1.8% July 29, 2011 40

German Chancellor flies to Athens for some meetings, and is stopped at immigration. “Name?” she’s asked. “Angela Merkel.” “Occupation?” “No, I’m just here for a couple of days.”

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