Good Growth!

The combination of November exports reaching an all-time high of $194.9 billion, the trade deficit narrowing to just $34.25 billion, its lowest level since 10/09, November’s factory orders rising 1.8% and October’s factory orders upward revision of 0.4%, and strong consumer spending is making me raise my Q4 GDP forecast to 3.1%. In Q3, GDP growth was 4.1%. These would be among the top four back-to-back quarters dating to 2003.

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