Q3 GDP Revised Down to 1.8%

The Commerce Department lowered its third-quarter estimate of real GDP growth from 2% to 1.8%.

The numbers are sobering. Over the last 15 quarters, the U.S. economy has grown by a total of 0.04%. The economy has grown less over the last 11 years than in the four years before that.

ZeroHedge adds: “And yet it added only $395 billion in debt over those four years, and $9.5 trillion over the 11.”

Posted by on December 22nd, 2011 at 11:03 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.