In Which Normal Service Will Be Resumed

The Strawman Blogger arrives very late to this party, but it does deserve a mention: GDP grew at 5.7% in the fourth quarter. And the result? Nothing much. It is an inventory bounce, full of sound a fury, signifying nothing.

Final demand was, I'm afraid, an awful 2.2%. At this rate, we'll have have reduced unemployment below 8% by 2013.