Also…real final sales to private domestic purchasers rose 4.9% (BEA). September alone was softer: real spending about flat, real disposable income down 0.3%, and the saving rate at 3.8%, from 4.0% in August as revised. Source: BEA
This is funny how everybody looks at those number and make no connection to any of them.
3.4% gdp is after inflation , that means nominal >7% , so the 5% on 10y is not a lot and 6% deficit is not a disaster.
US pays 4% on debt on av. and tax collection is riseing 6%-8%