One of the major benefits to rewriting history, and “moving” growth from 2011 and 2012 into 2013, is that Bernanke’s QE3 & 4 scorecard looks a hell of a lot better. Unfortunately, it still isn’t enough of an inventory change to show acceleration, but it is, supposedly, far less of a direct abomination.

ABOOK July 2014 GDP Revisions GDP Scorecard

 

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