Today’s GDP Report

Today’s report on GDP growth for the third-quarter was a surprisingly strong 3.9%. This is nearly identical to the 3.8% for the second quarter. My only warning is that these numbers are subject to endless revisions.
It’s very likely that nominal GDP for 2007 will be over 25% more than 2003.
Update: BR calls BS.

Posted by on October 31st, 2007 at 10:02 am

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