Man Without Qualities

Friday, January 03, 2003

UPDATE: Have A Happy New Year, Some Say It Was Probably A Good Retail Season

More thoughtful people, such as Bill Hobbs and astute reader HV, who suspect that retail sales were actually pretty good, seem to be gaining evidence.

The money line from High Frequency Economics through Bill Hobbs: Accordingly, we have moved up our working assumption - it is too soon to call it a forecast - for fourth quarter GDP growth to about 1 from zero.

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