Real GDP Growth Accelerates to 3.4 Percent in the Third Quarter
Private domestic sales suggest economic overheating.
Source: Mish Talk
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DW NOTE
The BEA is publishing growth figures for an economy operating under a closed Strait of Hormuz and crude at $102. That's not overheating, that's residual momentum before the energy shock hits the data. Third-quarter GDP doesn't capture fourth-quarter oil prices — this number is already obsolete.