First, permit me to say a quick ‘Bonjour!’ as I’m presently in Paris. And I’m editing this BLOG on my iPad…this is a challenge!
You have to respect my commitment, right? In Paris…on vacation…and STILL BLOGGING!?! Yes, I’m certifiable. But the BLOG must go on! 🙂
What I’ve said above is probably the most exciting thing about today’s blog. Frankly, today’s Nowcast update, as you’ll see below, is so consistent…it’s a yawner.
But that’s OK. Consistency is good. Take a look:
After the Nowcast ‘spike’ a few weeks ago, the GDP has been trending slightly downward. You may recall the ‘final’ GDP reading for 2016: Q1 came in at 1.1%. Q2 will most certainly show a better result, but it too is likely to be somewhat muted. Again, I think we’ll see a 1.8% to 2.0% GDP figure when the first Q2 ‘estimate’ is released on July 29th.
Steady as she goes ……
– Terry Liebman