Chicago goes Monthly

Q4 GDP revised downward to 2.8% from 3.2% in line with the Fed Reserve Bank of Chicago’s monthly National Activity Index. It’s kind of like a montly GDP report! It’s been saying that the economy is growing, but too slowly. This is troubling given all the monetary & fiscal stim that exists and will soon end. Also, 20 months into a recovery new home sales should be up 27% but are down 28%

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