http://market-ticker.denninger.net/archives/1786-Hmmm...-3Q-GDP...-Goebbels-Truth-Leaks.html
Check it out Karl said the "R" word that's right revision.
From the beginning all the way until the end the this year the "Revisions" have been real eye openers on the trail for truth.
Not just in stocks, but also in political positioning to remain in favor with those who count (The corporate campaign funders)
Reality is that if you wanted to pump the market there would be few better ways than to "accidentally" make initial reports "better", then revise it away later when "higher quality" numbers show up.
The ugly reality, however, is that with the government being 30% of the economy and up 8%, the government's "pump" was responsible for 2.4% GDP "growth" - or more than the entire claimed increase.
That is, with this revision we now have proof that we're exactly where I said we were in October: The economy is not expanding at all in the private sector, rather, other than explicitly government spending, even with so-called "rebates" and "special deals" - IT IS STILL CONTRACTING!
