There’s been plenty of cause for jubilation lately — at least, if you believe the headlines.

Australia’s recession abruptly ended last week apparently and, in the United States, economic growth just shot the lights out.

America’s economy just grew at an eye-popping 33.1 per cent in the third quarter, prompting a flurry of tweets from US President Donald Trump.

“Biggest and best in the history of our country and not even close,” he declared.

“So glad this GDP number came out before November 3rd.”

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It’d be terrific news if it was true. But it’s not.

What it highlights is just how a dumb…



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