01.30.13 | 5:45 am
Where Are The Military Keynesians?
This morning’s headlines are unexpectedly brought to you by the Commerce Department, and at a glance they bring bad news. According to an advanced estimate by the Bureau of Economic Analysis, GDP actually decreased at a 0.1 percent annual rate in the fourth quarter of 2012, after having increased 3.1 percent in the previous quarter.
That’s not where you’d normally see your first indication of a new recession, but it’s an alarming number nonetheless. On closer inspection, though, the report is actually filled with good news. Read More