[jpsb]

There were some wild swings back in the early 80's but this does not feel like an 80's economy to me.

[Wyatt's Torch]

That’s 1Q12 estimate... That was later revised to +2.3%

He was referring to 1Q14 - Advance estimate was +0.1%, later revised to the -2.9%. Today revised to -2.1%

The revisions schedule is published and is as follows:

August 28th - 2Q14 1st revision
September 26th - 2Q14 2nd revision
October 30th - 2Q14 3rd revision and 3Q14 Advance

Oh and I definitely agree on your 80’s economy comment. 1.5-2.0% growth is significantly behind the Reagan recovery. And from arguably a much worse recession.