Sunday, December 23, 2007

Justification?

Some of you may recall my thoughts that we aren't in as bad shape as some would argue.

Econbrowser has some estimates stemming from consumption data indicating that Q4 US GDP growth is going to be decent, namely a 95% confidence interval for 1.6%-4.8%.

Heck, the ABCP market is even coming back. What else do you want?

UPDATE: I wonder if anyone does a similar sort of analysis on how Canadian consumption data translates to GDP. Something I'd look into if I didn't already have a bunch of papers simmering.

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