AS EXPECTED: 3RD QUARTER GDP GREW MUCH SLOWER THAN PREVIOUSLY REPORTED - NOT 2.5%, BUT 1.8%!REPORTED

The US economy grew at a slower pace than previously estimated in the three months to the end of September. 

Revised figures from the US Commerce Department show gross domestic product grew at an annual pace of 1.8% in the period, down from the previous estimate of 2% and first estimate of 2.5%. 

The downward revision was largely due to lower consumer expenditure than previously thought.

THESE DOWNWARD REVISIONS ARE AS "UNEXPECTED" -  BY CONSERVATIVES AT LEAST - AS THE SUN'S RISING TOMORROW.

I'M AS TIRED OF THIS GAME AS I AM THE ONE THE EU APPARATCHIKS ARE PLAYING IN EUROPE WITH REGARD TO "SAVING" THE EURO EVERY WEEK.

THESE ARE NOT BENIGN LIES: HIDING THE TRUTH MAKE THE ULTIMATE CORRECTION THAT MUCH MORE DIFFICULT - AND COSTLY.

SIGH...