Gavekal Capital: Intellectual Property Helps Boost 3Q GDP Growth To Highest Level Since 2003

Wednesday, December 24, 2014

Intellectual Property Helps Boost 3Q GDP Growth To Highest Level Since 2003

As was widely reported yesterday, 3Q GDP growth was the strongest since 9/30/2003. However, less widely reported was the fact the intellectual property products contributed the most to real GDP in 32 quarters (9/30/2006). Fixed investment overall contributed 121 basis points to real GDP. Residential fixed investment contributed only 10 basis points and continues to hover around 3% of GDP.

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