Friday, June 12, 2009


The below was buried in the BEA's June 1st release regarding personal income and outlays. A presentation on the "comprehensive revision" can be found here.

Predictably, the revisions result elevated income from 2000 to present. It turns out with some revisions on statistical emphasis that we are all more wealthy than we thought we were.

A serendipitous development for the new administration. I wonder what the protocal is for making these revisions, as I have seen far too many times the effects of "arbitrarily" changing statistical rules for political expedience.

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