November 30, 2005
BUT...BUT...BUT...:
Third-quarter GDP revised sharply higher (Andrea Hopkins, 11/30/05, Reuters)
U.S. economic growth was much stronger in the third quarter than first thought as consumers and businesses spent more than estimated, but Gulf Coast hurricanes sideswiped corporate profits, a government report showed on Wednesday.Posted by Orrin Judd at November 30, 2005 10:27 AMU.S. gross domestic product, a measure of all goods and services produced within U.S. borders, grew at a revised 4.3 percent annual rate in the July-to-September period, the fastest pace since the first three months of 2004, the Commerce Department said.
In its first snapshot a month ago, the department had put third-quarter growth at 3.8 percent and Wall Street economists had expected the rate to be revised up more modestly, to 4.0 percent.
Sure there is this epiphenominal wealth and growth stuff, but we know, scientifically, about those inherent contradictions you, you poor lumpen or venal exploiter, just don't understand.
Posted by: Luciferous at November 30, 2005 12:38 PMNYT: "But, but, but life in Europe is so much better with just a meagre 0.5% increase, isn't it?"
Krugman's cat must be in the Delta Quadrant by now.
Posted by: ratbert at November 30, 2005 2:42 PMHas he figured out that the gas bubble burst yet?
Posted by: oj at November 30, 2005 2:47 PMOK, for those of you who feel that the rebuilding of New Orleans to its former size and stature is a moral and economic "priority," this little ol' figure would suggest otherwise.
Posted by: Brad S at November 30, 2005 7:58 PM