What is the best word to describe GDP? One suggestion: changing.
Below we present select GDP data revisions over the past decade, from the initial release to the most recent, July 30 2014, nudging of historical GDP data.
First, the “old normal” ancient past:
Then, the Great Financial Crisis years:
And finally, the post-central planning period:
Source: Bureau of Economic Analysis
via Zero Hedge http://ift.tt/1qmWWJA Tyler Durden