Some Common Cents for February 27th 2015

March 1, 2015, by John Norris

This morning, the Bureau of Economic Analysis (BEA) announced its second take on 4th Quarter 2014 economic growth. After previously announcing a 2.6% number, it seems the BEA’s best guess this time is it grew at a 2.2% clip. What’s 0.4% among friends? When you break down the data, several things become readily apparent: 1) military expenditures fell through the floor, and; 2) the private sector appears to be in reasonably healthy shape, and; 3)...

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