News:
The Commerce Department says the nation's gross domestic product—the broadest measure of the economy's output—grew at a 1.6 percent annual rate in the April-to-June period. That's down from an initial estimate of 2.4 percent last month and much slower than the first quarter's 3.7 percent pace
Not a surprise to anyone in actual commerce...
HT: HotAir
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1 comment:
And there's a better than 50/50chance that Q3 GDP is gonna show contraction.
...and the 10 year is gonna bump up against 2% signaling deflation.
...and the Fed. Chairman and most of Congress is on vacation.
Is there anyone at the helm? This is nuts.
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