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Analysis of Q3 GDP Number and Discussion on the US Economy

This chapter analyzes the recent GDP number for Q3, which came in at 4.9%, higher than expected. Consumer spending drove the increase, but the hosts express skepticism due to previous revisions and the impact of rising gasoline prices and exclusion of food and energy from CPI calculations. They also discuss the government's fiscal mess and its significant contribution to the GDP number, ultimately expressing a negative outlook for the economy and equities.

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