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Chart of the Day: Economy Picks Up Nicely in Q3

By Kevin Drum Oct 28, 2016, 10:19 am186 pts
Real GDP grew at an annual rate of 2.9 percent in the third quarter. This is a fairly healthy number, driven largely by a big increase in purchases of durable goods (cars, refrigerators, etc.). Purchases of nondurable goods fell, and investment in residential housing also fell, for the second…

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