Wednesday, January 30, 2013

It's the G.

After I saw the weak 4th quarter GDP number reported this morning, I went to the National Income and Products Accounts website, where I found that in the 4th quarter, government expenditures and investment has declined by 6.6 percent on a seasonally adjusted annualized rate and that defense spending had dropped 22.2 percent, again, on a SAAR.

Can this possibly be correct?  I am wondering if there is some anomaly in the data.

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