28 January 2011

The 3rd Quarter GDP Numbers are In

Real GDP grew at a 3.2% annual rate in the last 3 months of 2010, which is good news, but still in the "way too damn slow" category, for, as Paul Krugman notes, we are about 7% below trend, which is a 2% growth rate, so this puts on a pace to be back on trend at the end of 2018.


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