THE BASIS POINT

GDP Growth Remains Weak.

GDP (3rdQ2012)

– Inflation Adjusted (real) GDP quarter/quarter was +2.0%.

Note that this was subsequent to adjusting the previous quarter’s growth down to 1.3%.

This is weak considering how far we are into a recovery.

Later today I will be publishing here a piece by Rick Davis of Consumer Metric Institute which points out that BEA does a poor job in reporting accurate GDP.