MACRO: 3Q GDP GROWTH

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We have not published our official estimate for 3Q10 GDP growth yet, but suffice to say it will be substantially below the current 1.7% number and substantially below the 2.5% consensus for 3Q10.   
 
Today’s made-up numbers from the commerce department suggest that the economy is in fairly bad shape.

MACRO: 3Q GDP GROWTH - chart1