No. 498: Fourth-Quarter GDP, December Durable Goods

(SGS Subscription required) • Although Recovery Never Took Place, Official Double-Dip Recession Likely Will Be Clocked from Second- or Third-Quarter 2012
• Reported Contraction in Real GDP Designed to Discourage Fiscal Reform?
• Fourth-Quarter Nominal GDP Growth Collapsed to 0.46% from 5.91%
• Real Durable Goods Orders Contracted Year-to-Year, Despite Temporary Orders Boost from Year-End Defense Spending

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