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September 01, 2020 10:18am
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What's Really Going on Inside the Latest GDP Number

Sit down before you read this... It's going to make your head spin and, worse, change the way you think about what's real in America. Christmas came early this year, for the market that is, by way of a gift from the U.S. Bureau of Economic Analysis. However, this branch of the U.S. Department of Commerce didn't put its gift under anybody's tree. They put it over all of us. The gift was headline news that the "third revision" of the third-quarter gross domestic product (GDP) number showed the U.S. economy grew at a whopping 5% annualized rate, not the 3.9% rate posted in the "second revision." That sounds like good news, right? The post What's Really Going on Inside the Latest GDP Number appeared first on Money Morning - Only the News You Can Profit From .
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