WSJ Changes Its Mind About GDP, But Not Its Conclusions?
Early this morning my good friend Fred Everett emailed me the Wall Street Journal’s take on GDP. They were, as you might expect, quite optimistic about what 3.5% implied toward future acceleration finally out of this seven-year depression: The U.S. economy expanded steadily again during the third quarter, a sign of sustained growth fueled by American consumers and businesses despite [...]
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