US Admits It “Found A Problem” In Calculation Of GDP

Friday, July 29, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Jul 29, 2016

For years we have complained against both the BLS’ and the BEA’s comical seasonal adjustments, which “serve” just one purpose: to goalseek the data to a desired, politically-mandated outcome, and which culminated last May when the Department of Commerce announced it would seasonally adjust last year’s woeful Q1 GDP data not once but twice in order to get a better result. Now, it appears that there indeed was a problem.

The Rest…HERE

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