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We got some unexpectedly great economic news this morning: Inflation-adjusted GDP grew at a 4.3 percent annualized rate in the third quarter of this year, a much stronger than expected number. (The release of the numbers, like so much economic data recently, was delayed by the government shutdown earlier this year.) This apparent strong growth stands in odd contrast to other, murkier economic indicators we’ve gotten recently, most notably a rise in the unemployment rate. But as they teach in business school: Growing is better than shrinking!
A little bookkeeping: No Morning Shots tomorrow or Thursday. A very merry Christmas to all who celebrate. Happy Tuesday.
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