A Remarkable Coincidence That The Slight GDP Uptick Resulted From Government Spending

As a follow-up on yesterday’s report on GDP from Consumer Metrics Institute, this came out today from the Mercatus Center, by Veronique de Rugy. I am sure all this “good” news was merely a coincidence. While government spending does count as “spending” it is not the same kind of spending that businesses and consumers do. [...]

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GDP Q3 2012 Report: Mixed Signals

In their first (“Advance”) estimate of the US GDP for the third quarter of 2012 the Bureau of Economic Analysis (BEA) found that the economy was growing at a 2.02% annualized rate, some 0.76% higher than for the prior quarter and at very nearly the same level as reported for the first quarter of 2012.

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