Growth is back, and we can all hope this is the start of the rebound:
The main surprise to me is that imports have started weighing down GDP growth so quickly in the recovery. Exports added roughly 1.5 points while imports took away 2.0. All this happens while the dollar is losing value? Maybe. Maybe just rebalancing the wild swings of the last 3 quarters.
Should be interesting to see this graph next quarter... If the theory is true that the Q2 gov spending led to the Q3 consumption and that the consumption will be sustainable w/o more gov spending, the consumption won't fall while the gov spending continues to.
Of course the gov may not let us see the results by spending more - but... these are theories anyway right?
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