Corporate Profits

Fundamentals 8/26: GDP Revised Down To 1%

GDP -BEA’s second of three 2Q2011 GDP readings was revised down to 1% annualized. With BEA making so many discretionary adjustments it is getting difficult to gauge just how bad the economy is. If I were the suspicious sort I might be thinking that BEA saw +1.0% as a psychological barrier fearing much more serious