There´s a difference between “robust” and just “positive numbers” – 2: The GDP Report

That distinction, however, is lost in the eagerness many have to paint a brighter future (or, maybe, the need for rate hikes). Comments like this one are common: The U.S. economy grew robustly in the third quarter despite two hurricanes, propelled by steady spending from American businesses and households. The charts clearly attest the hyperbole in the statement. Moreover, if spending is steady, how can it propel anything?…

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