I was wondering this today: Will the they revise the economic numbers for the last dozen or so quarters to reflect all the inflated corporate earnings that were fraudlently reported? Or will they ignore the fact that much of their measures of economic activity were based on false information?

Or will they take down this, or more likely, next quarters numbers to reflect a retro-active adjustment?

Maybe it will have no wffect since it looks like much of the fraud I've seen so far wouldn't have effected the Sales figures. It was buried in G&A, COS, and those infamous "One Time Charges"...

But then again the Enron fraud would have overstated sales on the Census reports that the government uses to estimate economic activity...

We need a board economist to look at this issue...

Scott