Friday, November 15, 2013

Yet another GDP upward revision, but WSJ tell us to worry

Why Stronger Summer GDP Is Horrible News
Some economists now say the U.S. economy likely grew above a 3% annual rate in the third quarter, higher than the government’s initial reading of 2.8%, after a report Friday showed a larger-than-expected gain in certain September inventories.

Just an inventory build up, they say, and it cannot last.

No comments: