by Mike ‘Mish’ Shedlock
In January, I noted the Census Bureau had construction spending errors going back a decade. Since construction spending directly feeds BEA GDP numbers, GDP will be revised as well.
On July 29, the BEA will post revisions for years 2013 through 2015. Other years will follow. How big will the revisions be?
Breitbart claims to know. Do they?
Breitbart reports Obama Administration to Revise Total GDP Growth Down 2%