|
||||||||
|
|
|
|
|
|
|
|
|
|
« Corrected for Stuff, the Dow Sucks | Main | Beer by the Numbers » October 27, 2006 Third-Quarter GDPToday’s GDP report was pretty bad. The economy grew by just 1.59% for the third quarter. What concerns me is that this is the second straight below-trend quarter. As a data series, GDP is somewhat trend sensitive. Since 1983, when the economy has grown by over 3% for one quarter, it has a 66% chance of growing by over 3% for the following quarter. If the economy grows by less than 3%, then it has a 41% chance of growing by over 3% for the following quarter.
Posted by edelfenbein at October 27, 2006 10:54 AM |
|
 |
||
