Last week, the government announced that the GDP rose by 2.6% in Q3. Seem suspicious? My friend @gregcrabtree tweeted, “I question the accuracy of the GDP Q3 number of 2.6%. It is very hard to measure output in a service-based economy. With continued rising wages and price increases to cover these costs, I think their GDP growth number is overstated. My estimate is flat.”
I am super suspicious of any number or metric from the US Government related to our economic climate weeks (or days) ahead of an election cycle. Just ‘sayin…