GDPNow -- Latest Forecast -- November 13, 2015

GDPNow (dynamic link)

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2015 is 2.3 percent on November 13, unchanged from November 4. The forecast of real growth increased to 2.9 percent last Friday after the employment situation release from the U.S. Bureau of Labor Statistics.

It has since retreated to 2.3 percent as the forecast for the contribution of inventory investment to fourth-quarter GDP growth fell from -0.3 to -0.8 percent after Tuesday's wholesale inventories release from the U.S. Census Bureau and this morning's retail inventories release (also from the Census).

****************************

JV Or Not JV

Updates

June 30, 2016: after the ISIS attack on the Istanbul airport, this comment:

Bob Baer, a former CIA intelligence officer who specializes in Middle East security issues, said there is no foolproof way to preventing a similar airport attack. 

"You cannot protect these airports 100% ... especially in a place like Turkey, where ISIS has cells everywhere," he said.

And this is the organization that Obama called the "JV." Fathomless ignorance."

Original Post

 

I hope these two links are never broken: fathomless ignorance --

That JV team in the Mideast? ISIS? ISIL? It looks like they were misunderestimated.

The President says a minimum of three years and a gazillion dollars and another war will be needed to (maybe) defeat the JV team, despite A-team from Jordan finally joining the fight.

Are any links needed? We'll see. This one will do. The only phrase Chuck Todd did not use in that interview: "fathomless ignorance."

And then today, read the first paragraph below which was the second to last paragraph at this link:

Asked about Republican presidential candidate Ben Carson’s suggestion that eliminating ISIS would be easy, the president said Carson “doesn’t know much about it.”

“Over the last several years I've had access to all the best military minds in the country and all the best foreign policy minds in the country, and I'm not running for office. And so my only interest is in success,” the president said.

Fathomless ignorance. I wish I had thought of that one.