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.
Source: http://real-estate-and-urban.blogspot.com/2013/01/its-g.html
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