In what has become a clear and obvious effort to manipulate the headline economic data, today's first revision of the Q2 GDP brought it down to what would have been either "at expectations" or "below expectations" when the number was first released on July 26.
Do you recall the "market" reaction on July 27...the day when we were all shocked to hear that the U.S. economy grew at 2.4% in Q2? This "news" was hailed as proof that the U.S. economy was "strong and robust" and a clear indication that something termed "Bidenomics" was working. In case you've forgotten, here's a link to...