A few posts ago I opined that of the 3.5% 3Q09 real GDP growth, at least we got 1.3% non-stimulus growth out of that. Lots of discussion in the blogosphere about this - many say there's really no bona-fide growth in the figures, but I'm sticking with my story. OTOH, there is this kind of stuff:
Current-dollar personal income decreased $15.5 billion (0.5%) in the third quarter, in contrast to an increase of $19.1 billion (0.6%) in the second. Personal current taxes increased $4.8 billion in the third quarter, in contrast to a decrease of $119.1 billion in the second. Disposable personal income decreased $20.4 billion (0.7%) in the third quarter, in contrast to an increase of $138.2 billion (5.2%) in the second. Real disposable personal income decreased 3.4%, in contrast to an increase of 3.8%."
--- John Williams of Shadostats.com, as reported by Ed Steers, 10.31
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