 The government released the latest GDP report, and real GDP for the fourth quarter of 2013 was up a respectable 3.3%. That's the second quarter in a row of substantial growth in GDP. However, there are several reasons in the data to be suspicious about GDP growth and economic growth more generally going forward. First of all, spending on capital and investment was up only 3.8%, which is considered weak. And the personal savings rate was a little over 4%, which is again considered historically very low. And Austrian economists place a lot of impact on savings and investment as the drivers of economic growth. Also, increases in food spending accounted for 20%, almost 20% of the growth in GDP. We've got to be very suspicious of that, especially considering the GDP deflator used in this report was only 1.3%. Most people are experiencing greater price inflation than 1.3%. So again, we've got to be curious and dubious about those statistics. And also inventories increased at the fastest pace in record history in the fourth quarter of 2013. So that means there's more goods on the shelves of stores and less of a need to produce goods in the factories. So again, 3.3% is respectable economic growth, but there are several reasons to be dubious about that growth and economic progress moving forward. And that's the Mises View.