The Economy that Wouldn’t Die! Sounds like a title for a monster movie for Halloween? Fortunately, a good economy is always welcomed and the recent announcement of third quarter GDP is a welcome message. Economist Brian Wesbury pulls the numbers apart for you but warns, as is often the case in any good monster flick that the beast (a recession) will likely return: “Add it all up, and we get a 3.0% annual real GDP growth rate for the third quarter. Not a recession yet, but that doesn’t mean that the US economy is out of the woods.” Find out why “GDP Growth (is) Still Solid.”
While we’re discussing GDP, check out ITR Economics recently upwardly revised GDP forecast. Finally, in ITR’s latest FedWatch post, Brian Beaulieu shares positive date on the growth of the money supply, consumer expectations and interest rates.
“Inflation for Dummies” The resurgence of inflation after forty years of stable prices is a central issue in this year’s election and how you vote may be a function of who you think is responsible for it. Before you draw the curtain and pull the lever on November 6, why not take a minute for some clarity on where inflation really comes from. Economist Brian Wesbury offers one of the better explanations I’ve seen for the phenomenon and I hope you’ll take a few minutes for his one page primer “Inflation Simplified.”
