Chart of the Day: GDP Growth in Q3

The US economy grew 3.5 percent in the third quarter:

This is a good number, but it’s down from last quarter. However, personal consumption was up (4.0 percent), gross private investment was up (12.0 percent), and government consumption was up (3.3 percent). That’s a nice, even spread. Oddly, however, business fixed investment was up only 0.8 percent. Given the recent tax cut and the strong showing of corporate earnings last quarter, you’d think business investment would be stronger. Do they know something the rest of us don’t?

Maybe. More likely, though, this is just noise. A single reading for a single quarter doesn’t mean a whole lot. Overall, the economy still looks pretty good.


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That's amazing. We still have donations from letters we sent in the mail coming back to us, so we're on pace to hit—if not exceed—that goal. Thank you so much. We'll keep you posted here as the project ramps up, and you can join the hundreds of readers who have alerted us to corruption to dig into.

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