A Less Rosy Look At Q3 GDP...

Although it was good news that GDP grew at a 2.5% annualized rate in Q3, as that was a major acceleration from Q2, by looking at things through a different lens, the number wasn’t so hot.

Here’s the year-over-year change in GDP, which is just 1.6%. What’s more, that’s actually a tad down from Q2.

From Doug Short:

chart

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