Posted
9:27 PM
by Robert
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.