GDP Errata - Take 2

Do you remember the scene in the Hunt for Red October toward the end of the movie where the Russian ambassador comes to see the U.S. Secretary of State with hat in hand to try and find out what happened to their submarine and rather shamefacedly admits that they seem to have lost another one? The Secretary fixes him with a look of patronizing incredulity, knowing perfectly well what has happened, and says "Alexei - another one?" Well, that's sort of how I feel about the new and further "update" of 1Q GDP news announced yesterday by the Administration. Turns out it wasn't the 0.1% originally reported, or the -1.0% later reported, but the real figure is now (for the moment) -2.9%. That's NEGATIVE 2.9%. 

Another one, Alexei? My, my, my, my, my!