With “fake news” a dominant conversation topic in recent months, we would like to remind readers that “non-GAAP reporting” has only recently became a distinctly political phenomenon, although it has been present in economic and financial circles for a long, long time. Nowehere is this more obvious today, than in the following “headline” revision from MarketWatch, summarizing today’s GDP report, before and after the infamous “tap on the shoulder.”
h/t @marketlizard
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