Here is a link to a great post by David Beckworth. I wish I had time at the moment to comment further...
LINK...
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In the data which I referred here http://www.nacm.org/cmi/cmi-archive.html
There is no explanation, but there have been very large revisions on page 2 in "Amount of credit extended" and "Rejections of credit applications"
Note the difference between March and April.
In the April article the word revision is used on Page 1 in the 2nd paragraph but not in a way that makes sense to me.
Posted by: JimH | 05/03/2015 at 08:27 AM