Friday, October 26, 2018

A note on Q3 GDP UPDATED with link to Seeking Alpha

 - by New Deal democrat

I submitted my piece on Q3 GDP to Seeking Alpha at about 9"30 this morning. As of now, they have not posted anything whatsoever from any author discussing this report. Dunno why.

Anyway, the takeaway is that this was a mediocre - not bad, just not particularly good - GDP report that was bolstered to the tune of 2% by inventory accumulation (probably front-running the increased costs of tariffs).  And housing has most definitely turned.

I'll update with a link as soon as SA posts my take.

UPDATE: And, here's the link.  One long leading indicator is still doing well. The other, not so much.