Yesterday's headline news:"Real gross domestic product increased at an annual rate of 3.5% in the third quarter of 2009"
Wow, not bad. Hold on, wait a second ......
"Motor vehicle output added 1.66 percentage points"
That is "cash for clunkers", isn't it?
"Real federal government consumption expenditures and gross investment increased 7.9%"
OK, here comes the simple math:
3.5% - 1.66% - (7.9% * 30%) = -0.53%
01/17/2025 Market Outlook (Bull Flag)
6 hours ago
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