Guest Post: CFNAI: Not Seeing The Growth Economists' Predict
November 26, 2012 - 4:50pm
Via Lance Roberts of Street Talk Live, In a post by my friend Cullen Roche at PragCap he pointed out that many economists are suggesting that the second estimate of Q3 GDP, which showed an initial estimate of 2.0% annualized growth, will be revised sharply upward to 2.8%. This 2.8% bump in annualized growth comes on the heels of a very sluggish Q2 growth rate of 1.3%. If Cullen's observations of economic growth in the third quarter is correct it suggests much more than just a mild pickup in the economic underpinnings of personal consumption expenditures, private investment, government spending and net exports but rather something much more material. This would be welcome news for the millions of individuals on extended unemployment gains as such a surge in economic activity will be reflected by increasing employment as businesses gear up to meet increasing demand. &n...
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