THE NUMBERS GAME
Submitted by The Capital Spectator
For the naive alien only just arrived on planet Earth, yesterday’s GDP report might be considered a great triumph. Indeed, taking the numbers at face value, there’s reason to celebrate. Real annualized GDP for the U.S. surged by 4.9% in the third quarter, according to the revision dispatched yesterday by the Bureau of Economic Analysis. That’s the fastest pace in four years by the standard of the past 20 years it looks sizzling. In short, the economy appears to be growing at a strong pace.
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