Come July the BLS will ‘refigure’ GDP adding in ‘Intangibles’.(May 2009 plan http://www.athenaalliance.org/pdf/PolicyonIntangibles-Torino.pdf)
This, according to economists (you know which kind) will add $1T to $3T to GDP. We could be looking at 4% GDP this year!!
It pisses me off to no end to see them try this bullshit. They are actually going to try to make the old numbers disappear down the rabbit hole.