Today’s Upbeat Macro Reports Probably Overstate Growth Prospects

This morning’s economic updates for the US paint an encouraging profile, but it may be a bit misleading. The Bureau of Economic Analysis revised second-quarter GDP up by a hefty degree, estimating that the nation’s output of goods and services increased 3.6% for the three months through September (seasonally adjusted annualized real rate). That’s substantially [...] View the full post at: Today’s Upbeat Macro Reports Probably Overstate Growth Prospects Related posts: Encouraging Reports but Meaningful Growth is Still a Ways Off Economic Reports Of Rising Prices And Slow Growth ADP’s Reports Job Growth for April… Just Barely