[ThunderSleeps]

What is interesting is that the Commerce Department announced that as a result of incomplete June data, the biggest components of the GDP beat, Inventories and Trade, were estimated. In other words, assume that future revisions of Q2 GDP will be lower, not higher, as the actual data comes in...

...in the process throwing everyone's trendline calculations off as yet another GDP redefinition was implemented.

In other words, they are simply making these numbers up. They are completely meaningless, driven only by the propaganda machine.

[Wyatt's Torch]

LOL - everyone knows this. Every quarter. It is referred to as “Advance” numbers. It’s a “flash” report for those that work in corporate finance. It is always revised (there is a set schedule if you would like it).

And yes they are estimates. Of course they are. You cannot measure the economy exactly. It’s just not possible. Anyone who thinks there is an exact measurement of a $17+ trillion economy is an idiot.

[redangus]

October numbers will be 2% unemployment and 7% GDP growth, then right after the Nov mids everything will be revised back to the REAL numbers which will of course be abysmal. They did it in 2008 to get Barry elected, again in 2012 to get him reelected so why not in 2014 to help the Dems?