Thursday, December 20, 2012

Faster Economic Growth

We've argued for the past few months {most recently here} that the economy is growing faster than most investors realize.  We just received third quarter GDP numbers and commentary courtesy of Business Insider.com .  Final release shows the economy grew at a 3.1% clip versus a 2.8% consensus number.  I think this is going to start moving the needle on some economist growth numbers for 2013.  I think we're likely to see a bunch of revisions higher for next year in the months ahead.  Now if we could only get the folks in Washington to play nice together!