Tuesday, September 30, 2008

Core GDP

The July GDP numbers were superb - 0.7% growth for the month, balancing out prior disappointments. Of course, July seems like ancient history now. Also, Statscan needs to produce a GDP series ex-energy, analogous to core inflation. Presumably with the recent slide in oil, we can write most of that growth off already.

Also, shock and awe. The Green Shift has penetrated municipal chambers. Apparently it will cost the city some $800,000 annually, minus whatever transfers come back. The quoted report, is, of course, not available online.

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