As the mainstream-media and its status quo "growth's around the corner" lackeys gloat hopefully over this morning's soon-to-be-revised GDP data beat, we noted a rather disturbing trend in a critical part of the report. Real Final Sales growth is collapsing. In fact, the current slow level of growth in real final sales has never occurred outside of a recession... So perhaps, as we commented (here [4], here [5], and here [6]) things are not as 'great' as headlines would suggest.
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Charts: Bloomberg
(h/t @DonDraperClone [8])