Monday, August 30, 2010

GDP Components in a "Bad" Report

For any one teaching macro, Mark Perry's analysis of the most recent GDP report, while optimistic, still offers some insights into why it's important to dig into the numbers and not just focus on the total.One could even make the case that stronger imports, while a negative on the total, are a positive indicator - showing some signs of returning consumer optimism.

I welcome your views.

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