The U.S. Economy Barely Grew in Q3 Sans The One-Off Cash For Clunkers Program

Note this all comes from U.S. government data itself (from the BEA)...

Most of Q3's downward revised GDP growth was simply one-off auto-output effects created by America's Cash for Clunkers program. Hope you're not forecasting future growth off of this inflated statistic. Just as with earnings, you need to remove the one-off's to see the underlying situation... and sans the huge one-off U.S. Q3 GDP barely grew.

See more detail over at The Money Game.