Here We Go Again: AP Already Bringing Second-Quarter Growth Estimates

Tom Blumer
June 26th, 2014 4:48 PM
My, those "this quarter's really, really going to be great" predictions can disappear so quickly these days. Yesterday, in the wake of the government's third revision to gross domestic product showing that the economy shrunk by an annualized 2.9 percent during the first quarter instead of the previously reported 1.0 percent, commentators, analysts, and economists fell all over themselves…