Good Growth!
01/07/2014 | | econ70, Economic forecasting, economist on radio, economist on TV, eisenberg and economics, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, Exports, funniest economist, funny housing economist, GDP Growth, Graphsandlaughs, graphsandlaughs and eisenberg, housing sales, Imports, MLS, mortgage banking, Multiple listing service, politics and economics, Public speaking economist
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.