GDPNow Model for the Third Quarter Surges Then Immediately Dives, What’s Happening? – Mish Talk

GDPNow data from Atlanta Fed, chart by Mish

Catching Up

In my previous GDPNow Update on August 24, I commented “Even if you believe in a big economic boost from the July jobs report, housing erased those gains and more for the GDPNow Real Final Sales estimate.

On September 1, the GDPNow model may have a big leap on ISM and construction spending, but I am not sure which one of those triggered the jump.

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