BEA Raises 3rd Quarter 2012 GDP Growth Estimate To 2.67%

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 [...]


Current Data Reports: What Do They Say?

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 [...]