A Q3 Head-fake: Despite all the talk about recession, economist Dr. Brian Wesbury advises that third quarter GDP is tracking at 4.0 % to 4.9% depending on whom you talk to. Don’t pop the champagne yet, says Dr. Wesbury….and “Don’t Fall for the Q3 Head-Fake. “
Dr. Wesbury recently initiated a new weekly feature “Three on Thursday” with three data sets that look at a specific aspect of the economy. This week he looks at Manufacturing in the United States
Also, check out his weekly High Frequency Data Tracker.
Five things to think about: In this week’s Fed Watch, Brian Beaulieu of ITR Economics offers Five things to think about:
- PCE- Core inflation (favorable)
- Real Personal Income (favorable)
- Money Supply (not so great)
- The Inverse Yield ( back to normal in an abnormal way?)
- Proper thinking about a government shutdown (remain calm)
