I was just looking at 今早公布的数据 relative to how our economic output is doing. Gross Domestic Product is a figure that is very important as it shows how we, as a nation, are growing economically by looking at the value of all the goods and services that we generate inside the U.S. It also has a correlation to our own standard of living.

Today's number showed that the economy expanded in the third quarter by 2.0 percent. 这一增速较第二季度（年化增长1.7%）略有改善，但仍低于第一季度（年化增长3.7%）。

Hesitant or not, it’s a relief that national output did increase. 华盛顿和美国联邦储备委员会（美联储，fed）目前的主要担忧是，如此缓慢的步伐将推迟人们期盼已久的就业市场改善。 在这个时候，几乎没有必要进行有意义的招聘。

尽管悦博体育的增长率最多只能被认为是乏力的，但报告中包含的数据也有积极的一面。 占美国GDP 70%的消费者支出在最近一个季度飙升2.6%，为2007年12月经济衰退开始前的最快增速。

One conclusion to draw from all these numbers is “keep the faith.” U.S. year over year GDP in 2010’s third quarter was +3.1%. 在加拿大，8月份基于工业的GDP同比增长4.1%。 These numbers aren’t as bad as some commentators would have us believe.

在经济增长如此缓慢的情况下，我非常期待美联储宣布新一轮量化宽松（即所谓的QE2）。 这对房地产市场很重要，因为这肯定悦博体育抵押贷款利率将暂时保持在低位。

量化宽松本质上悦博体育美联储将重新开动印刷机，印刷更多现金。 In actuality, they don't physically print the money but spend it as if they had! (This is known in economic circles as creating money “ex-nihilo” or “out of nothing”).

然后，他们继续购买国债，从而压低包括抵押贷款在内的利率。 预计利率将在未来几周开始下降，并重新测试不久前出现的历史低点。

然而，我认为最终利率必须走高。 如果利率保持在目前的水平，悦博体育肯定会看到未来的高通胀。

作者：马修·加德纳