Trajan
conscientia mille testes
I am or was surprised - then I saw the snip at the bottom from the BEA (hattip H.A.), re: the Governments heavy injection/influence (on a comparative basis to Q2), the point being the gov.'s ability to influence the economy is about to be massively curtailed even of the sequester is evened out, there are cuts coming.
GDP Growth Pushed Up to 2.7%-snip
The U.S. economy grew faster than initially thought in the third quarter as restocking by businesses provided a big boost, but consumer and business spending were revised lower in a sobering reminder of the recovery's underlying weakness.
Gross domestic product expanded at a 2.7 percent annual rate, the Commerce Department said on Thursday, as export growth also helped to offset the weakest consumer spending and first drop in business investment in more than a year.
While the growth pace was much quicker than the 2 percent rate the government estimated last month and the best since the fourth quarter of 2011, it was hardly a sign of strength as the lift from inventories will likely be lost in the fourth quarter.
more at-
GDP Growth Pushed Up to 2.7%; Jobless Claims Slip - US Business News - CNBC
snip, page 2-
Real federal government consumption expenditures and gross investment increased 9.5 percent in the third quarter, in contrast to a decrease of 0.2 percent in the second. National defense increased 12.9 percent, in contrast to a decrease of 0.2 percent. Nondefense increased 3.0 percent, in contrast to a decrease of 0.4 percent. Real state and local government consumption expenditures and gross investment decreased 0.4 percent, compared with a decrease of 1.0 percent.
http://content.govdelivery.com/atta...38/Gross+Domestic+Product+%28Oct.+2012%29.pdf
GDP Growth Pushed Up to 2.7%-snip
The U.S. economy grew faster than initially thought in the third quarter as restocking by businesses provided a big boost, but consumer and business spending were revised lower in a sobering reminder of the recovery's underlying weakness.
Gross domestic product expanded at a 2.7 percent annual rate, the Commerce Department said on Thursday, as export growth also helped to offset the weakest consumer spending and first drop in business investment in more than a year.
While the growth pace was much quicker than the 2 percent rate the government estimated last month and the best since the fourth quarter of 2011, it was hardly a sign of strength as the lift from inventories will likely be lost in the fourth quarter.
more at-
GDP Growth Pushed Up to 2.7%; Jobless Claims Slip - US Business News - CNBC
snip, page 2-
Real federal government consumption expenditures and gross investment increased 9.5 percent in the third quarter, in contrast to a decrease of 0.2 percent in the second. National defense increased 12.9 percent, in contrast to a decrease of 0.2 percent. Nondefense increased 3.0 percent, in contrast to a decrease of 0.4 percent. Real state and local government consumption expenditures and gross investment decreased 0.4 percent, compared with a decrease of 1.0 percent.
http://content.govdelivery.com/atta...38/Gross+Domestic+Product+%28Oct.+2012%29.pdf