The Great Recession Was Even Worse Than Thought

In yesterday's release of the 2nd quarter 2011 GDP numbers for the U.S., the BEA also revised some past numbers.  This is not an unusual event.  It's routine. But the news and revisions this year were disturbing and sobering. First, a little about how GDP numbers are reported.  In this day and age of instant … Continue reading The Great Recession Was Even Worse Than Thought