2nd quarter GDP: good report, more later UPDATED

 - by New Deal democrat

Obviously, at +4.0% annualized, this was a good report (but if you have been reading the Weekly Indicators, you already suspected as much).  Plus, I have reason to believe the adjustments in the next couple of months are more likely to push it higher rather than lower.

I'll have more in a few hours over at XE.com, and I'll update with a link below when that happens.

UPDATE: My extended comments are now up at XE.com.  I think there is a 50/50 chance Q2 GDP is revised upward to over 5.0%.  But there are reasons for concern about 2015.