GDP Growth 2%, But…

Caveat City this morning with the release of 3rd Q GDP.  The headline number was inline with expectations of 2%, but a cursory glance of the breakdown tells a tale of inventory build, imports and very weak final sales.  It’s a not-so-great 2% under the hood, guys.

Some color from around the web:

All Systems Go for QE2 After Slightly Weak GDP Number (MarketBeat)

US Economy Grew at a 2% Rate in the 3rd Quarter (NYT)

Goldman on GDP.  (Zero Hedge)

Why Inventory Effects Aren’t Always Bad.  (Clusterstock)

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