Monday, February 8, 2016

More from GDPNow

GDPNow - this week's forecast. It updates every week; this is the update for the week of 8 Feb 2016:

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2016 is 2.2 percent on February 5, up from 1.2 percent on February 1. After this morning's employment report from the U.S. Bureau of Labor Statistics, the forecast for real consumer spending growth increased from 2.5 percent to 3.0 percent and the forecast for real gross private domestic investment growth increased from -0.4 percent to 2.1 percent.

But if you know a better forecaster, like say some goldbug loon with a blog who believes in eliminating fractional reserve banking and going back to a gold standard, then by all means go with what he says.

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