Friday, August 27, 2010

GDP and Crystal Balls 3

I'm still right, or at least close enough. Latest revision to the revision of the Q2 GDP says it was 1.6%, which is still higher that a lot of folks are suggesting.

Traffic going into work has been noticeably lighter these last two months. Coincidentally, unemployment claims are setting new records. How about some speculation on Q3 GDP rates?

I'll go out on a limb here, and speculate it will be right near zero.

Some industries are still doing well.
Column 13 is 2010, extrapolated from FBI data up to July. On track for a new record.

No comments: