After I saw the weak 4th quarter GDP number reported this morning, I went to the National Income and Products Accounts website, where I found that in the 4th quarter, government expenditures and investment has declined by 6.6 percent on a seasonally adjusted annualized rate and that defense spending had dropped 22.2 percent, again, on a SAAR.
Can this possibly be correct? I am wondering if there is some anomaly in the data.
Can this possibly be correct? I am wondering if there is some anomaly in the data.
