Surprise Q3 GDP Revision: Why You Should Be Skeptical

Category: Economy / Dec 20, 2013 4:32PM EDT

Scott Carter, chief executive officer of Lear Capital, weighs in on why investors should be skeptical about Friday's the better-than-expected revision to third-quarter gross domestic product. The U.S. economy grew at a 4.1 percent annual rate during the third-quarter instead of the 3.6 percent pace reported earlier this month, the Commerce Department said in its third and final estimate on Friday. Carter discusses why the significant revision to GDP in the previous quarter could be overstated. In addition, Carter speaks about the Federal Reserve's plan to taper its $85 billion-a-month bond-buying program by $10 billion in January and how it will impact gold prices in 2014.