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In their second estimate of the US GDP for the third quarter of 2012 the Bureau of Economic Analysis (BEA) found that the economy was growing at a 2.67% annualized rate, an upward revision of +0.65% from the previously published first estimate for the quarter. The improved headline number came exclusively from two sources: substantial [...] Here are some quick hits of economic data that have been reported in the past several days. I am convinced that “something is still happening” in that we are seeing continuing signs of improvements in most major categories of economic data (excluding the real estate markets) and we would be foolish to ignore the trend. The meaning [...] |
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