Whoa: 3Q05 GDP Growth Revised Sharply Upward
….. to 4.3% (from 3.8%).
The quarter of Katrina.
Ka-boom.
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UPDATE: NY Times can’t catch a break (too bad, so sad)–This is the day they decided to tell us (before the news of the revision) the economy “appears” to be booming.
UPDATE 2: Ace further dissects, and has a Top 10 expected NY Times economic headlines list.
UPDATE 3: Kudlow says the Administration needs to trumpet the economy more. I’d rather they stick with the current rout of War critics for the time being and let a good Christmas shopping season take second place. The delayed truth on the economy may help the Administration more than any proactive attempt to shout about it. Maybe save it for the State of the Union speech.
UPDATE 4: Wow–Even after the GDP revision is released, The NY Times sticks with “appears to be booming.”
UPDATE 5: The setup for a strong fourth quarter looks pretty good (”Fed Beige Book: Economic Activity Increased Through Mid-Nov.”)
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Nov. 30 Outside the Beltway Jammer.
The great national economic news just keeps flooding in.
Comment by Will Franklin — November 30, 2005 @ 4:22 pm