Economic Insights – November 2015

The latest economic news shows once again why it is dangerous to overreact to the government’s preliminary statistics. According to the revised report for the second quarter, real GDP grew at a 3.9 percent annual rate; this is up substantially from the original report that indicated the economy grew at only a 2.3 percent rate.

Notably, the revisions showed the “mix” of growth was more favorable in the second quarter than originally believed. Specifically, consumer spending and business investment were revised higher, while inventories we.....