Gathering Growth
10/02/2014 | | econ70, Economic forecasting, economist on radio, economist on TV, eisenberg and economics, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, funniest economist, funny housing economist, Graphsandlaughs, graphsandlaughs and eisenberg, housing sales, MLS, mortgage banking, Multiple listing service, politics and economics, Public speaking economist, www.econ70.com
The final reading of Q2 US GDP growth was just pegged at an annual rate of 4.6%. With this, US GDP growth has exceeded 3.5% for three of the past four quarters. Moreover, consumer spending is inching up, government headwinds — especially from Washington — are declining, and private investment and in particular commercial fixed investment is up. The big problems; non-existent median wage growth and a weak global economy.