MORE ON Q4 GDP

By Econ70 | 02/02/2011

Q3 saw a boost to GDP due to inventories so the Q4 reversal must be seen in that light. Monday’s personal income & spending report gave details on how ’10 ended. Real personal consumer expenditure (PCE) spending rose 0.4% MoM in Dec but real personal disposable income was up only up 0.1%. How? Because consumers…

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