This morning we were hit with the news that the economy is not as robust as originally thought. Economic growth for the third quarter, as measured by GDP, was revised down to 2.8% versus the 3.5% originally reported. When breaking down the numbers there really isn’t much good news. Almost every category – including consumer…
GDP grew 3.5% in the third quarter of this year, exceeding expectations of 3.2% and sending the markets up nicely after a week-long downturn…then back down, and then…is the recession over? Well…maybe. In digging into the GDP numbers more deeply it becomes a more complicated story. Consumer spending was up 3.4%, but this was largely driven…
