November 29, 2012

HOW’S THAT HOPEY-CHANGEY STUFF WORKIN’ OUT FOR YA? (CONT’D): Ignore GDP and the Fiscal Cliff, U.S. Is Already in Recession: ECRI’s Achuthan.

There’s another reason to wonder if the GDP numbers tell us as much as we think: Ugly Q3 GDP Confirms Personal Consumption Collapsing; Headline “Growth” Driven By Government, Inventory Accumulation. Oh, well, so long as nobody noticed before the election.