No charm in this second assessment

Last month, so many told us to shrug off those ugly GDP first quarter numbers.

Now?

Even the government says the numbers were worse than first thought.

Real gross domestic product -- the value of the production of goods and services in the United States, adjusted for price changes -- decreased at an annual rate of 0.7 percent in the first quarter of 2015, according to the "second" estimate released by the Bureau of Economic Analysis...      The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month.  In the advance estimate, real GDP increased 0.2 percent.