GDP came out, but most of bigger than expected growth came from aircraft purchases (volatile) and military spending (ahead of fiscal cliff, under budget review and the military's fiscal year ends in September), so the number was not as good as the headline would suggest. In the stock market language, the GDP growth was "low-quality". For acute reading needs, check my earlier posts, esp. the Best of The Week - I'll be back tomorrow with the usual Weekender posts, beginning with another Weekly Support. Have a good weekend - and if you're in Finland, remember to vote as your heart tells you.
Previously on
MoreLiver’s:
Roundups and
Commentary
Recap – Global
Macro Trading
Roundup – A
View From My Screens
European Summary – ZH
Europe Unch To End Worst Week In A Month
US Summary – ZH
Draghi's Dike Defended As Market Ends Week
Range-Bound
Reference
Debt
crisis: live – The
Telegraph
The Euro
Crisis Blog – WSJ
FX Options
Analytics – Saxo
Bank
European
10yr Yields and Spreads – MTS indices
Economic
Calendar – Forexpros
USA
USA: GDP
“Government
spending was a big driver behind the better-than-expected 2.0% GDP growth rate, an anomaly economists
don't expect to continue.”
GDP better thx to defense spending – The
Big Picture
US growth improved in Q3 – outcome of
Q4 still very uncertain – Nordea
Dont
believe the GDP report! – Wonkblog
/ WP
Better faster than slower – Free exchange / The Economist
Better faster than slower – Free exchange / The Economist
US Economic Growth Strengthened In
Third Quarter – The
Capital Spectator
GDP Print Doesn’t Change Anything, For Stocks or Economy – MarketBeat
/ WSJ
A Closer Look GDP Data – The Big Picture
A Closer Look GDP Data – The Big Picture