If true, this is unfortunate

We didn't really have 2.8% annualized GDP growth in the fourth quarter, according to John Crudele in the NY Post. He argues that the numbers were fudged with an underestimate of inflation for the quarter, and that annualized growth was closer to an imperceptible 0.6%.  What's more, 75% of the 2.8% growth number was a restocking of inventories.

I think this means we need to be braced for bad news in this quarter.