Latest forecast: 4.2 percent — May 4, 2017
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2017 is
4.2 percent
on May 4, down from 4.3 percent on May 1. The forecast for
second-quarter real consumer spending growth declined from 3.2 percent
to 3.0 percent after yesterday's light vehicle sales release from the
U.S. Bureau of Economic Analysis. The forecast of the contribution of
inventory investment to second-quarter growth increased from 0.97
percentage points to 1.14 percentage points after this morning's
manufacturing report from the U.S. Census Bureau.
Keep in mind the model is an evolution. Until a few more datums are added to the mix the first bits are grossly overweighted. My WAG is ~2.2% a bit lower than the "consensus" but because I see lower inflation not lower economic growth.
28 comments:
What going on with the health care vote?
Passed House. Arm twisting in Senate. Will pass. Pelosi apoplectic.
>Pelosi apoplectic.
The old fraud should retire.
Her constituents complain she is too moderate.
DiFi, Boxer (now Harris), Pelosi. Embarrassments.
Harris is serious dangerous evil.
>Harris is serious dangerous evil.
Don't know much about her.
Haven't really heard her say anything yet.
Sounds like satanic back-masked growling...
[Rob Dawg] "Harris is serious dangerous evil"
Agree fully. Maybe for different reasons.
The only Democrat senator I've seen who doesn't foam at the mouth, show blatant dementia, and continuously project own weaknesses on others. She even hides her hostility well.
Easy to do a search "Kamala Harris" on C-Span. Open each hit in its own tab or window. Start the video, stop it, then search her name again. Click a hit and video takes you right to where she starts speaking. Worth a bit of time.
Kammi is scary smart. Scary clever. Scary focused. She possesses a level of certainty that allows her to ignore any obstacles like law or morality or ethics or tradition or democracy while pursuing goals.
I'm beginning to think I don't belong here.
So now Pelosi is bad because she's old and a woman. I never liked her much but this is something you should be ashamed to say. Maybe O was bad because he was black? You will be old sometime too, if you are lucky. What about Duckelworth. Is she bad cause she doesn't have legs?
Womenn should be beaten with a stick no bigger than your thumb.
Liz you misunderstand. Pelosi is "bad" because she she puts party and politics ahead of people. Harris is "bad" because she has a history of ignoring the rule of law in favor of agenda. There is no gender bias in these aspects.
IMHO Pelosi might also be getting too old to carry the minority chair but I admit that is just my view.
You should actually be pleased that both these strong leaders are being treated the same way any other occupant of those positions would be treated.
Why don't we concentrate on Trump and whether he'd favor a new glass Steagal?
Single payer is the way to go, but the conservative Repubs would never go for any thing so lohical. Insurance is a bad vehicle for health care. Yes, you don't insure a house burning down, but that really isn't an analogue for a person with a pre existing conditio
Careful there... Have you seen the size of my thumbs?
So is government... You should talk to my wife about the lousy care her relatives in Thailand get...
The best thing the US could do is fund a nationwide diagnostic health network for less than free. Less than free. Leave mantainence and repair to the for profit sectors.
I'd prefer major medical for free... Anything over $50k...
>Single payer is the way to go, but the conservative Repubs would never go for any thing so logical.
Agree, Single Payer is the way to go. However, Democrats had complete control of the house and senate in 2009, and yet didn't produce a Single Payer system. They came up with the Affordable Care Act all by themselves. Didn't really have anything to do with the Republicans.
We bought major medical when our daughter was in her early 20s
Reimburse stuff over 5k since we cold afford that. They sent a nurse to take blook and check her out.
>Kammi is scary smart.
So, a definite improvement over Barbara Boxer.
Well the son made it home. There new house is high and dry
He didn't see any flooding
Yes he did. Flooded cornfield.
OK, Folks: This is a real estate commercial:
https://vimeo.com/215759124
For a spec mansion in BH called "Opus".
Here's the explanation:
http://www.cnbc.com/2017/05/04/real-estate-porn-meets-soft-porn-in-a-100-million-mansion.html
Just Wow:
http://www.cnbc.com/2017/05/04/this-silicon-valley-teardown-just-sold-for-2-6-million.html
Quote of the Day:
> "If you're an analyst, I think the only way to handle an Elon Musk conference call is to take some mind altering drugs so you can really tune in and turn on the whole psychedelic story."
--Jim Cramer
Even Cramer sees through the BS.
New post.
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