GDP Apart From the Military

By |2012-10-26T12:12:11-04:00October 26th, 2012|Markets|

By now commentators have focused on the rather dramatic reversal in government “contributions” to GDP for the initial Q3 2012 estimate. Nearly all of that government spending came in the defense category, so that will get reversed rather quickly – sequestration or not. The private economy continues to move in the wrong direction, as GDP growth ex-government was the lowest [...]