Seeking Alpha

GDP Q3 (2nd estimate): +2.7% vs. +2.8% consensus, +2% previous estimate, 1.3% Q2.

GDP Q3 (2nd estimate): +2.7% vs. +2.8% consensus, +2% previous estimate, 1.3% Q2.
Comments (2)
  • GaltMachine
    , contributor
    Comments (1135) | Send Message
     
    Helps explain the improved job mkt for those of us that were cynical about the numbers. Interestingly this was one of the biggest revisions in a positive direction that we have had since the end of the recession - I was expecting the opposite.

     

    Buying an election?:

     

    "Real federal government consumption expenditures and gross investment increased 9.5 percent in the third quarter, in contrast to a decrease of 0.2 percent in the second. National defense increased 12.9 percent, in contrast to a decrease of 0.2 percent. Nondefense increased 3.0 percent, in contrast to a decrease of 0.4 percent. Real state and local government consumption expenditures and gross investment decreased 0.4 percent, compared with a decrease of 1.0 percent."

     

    So much for govt restraint.
    29 Nov 2012, 08:44 AM Reply Like
  • idkmybffjill
    , contributor
    Comments (1567) | Send Message
     
    Can't keep politics out of anything, can we? lol
    29 Nov 2012, 08:49 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|