Tuesday, October 18, 2016

GDP Now Forecast For 3Q16 Drops Below 2% --- October 18, 2016

GDP Now:
Latest forecast, October 14, 2016: 1.9 percent.
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2016 is 1.9 percent on October 14, down from 2.1 percent on October 7.
The forecast of third-quarter real personal consumption expenditures growth fell from 2.9 percent to 2.6 percent after this morning's retail sales report from the U.S. Census Bureau. 
The next update is tomorrow!

Recent Silver Coin Purchase -- FWIW

From JM Bullion:

The Royal Canadian Mint’s Canadian Wildlife Series coins consisted of six individual designs on 1 oz., .9999 pure, silver coins. All of the coins in the series had a face value of $5 (CAD) that was backed by the Canadian government. The release schedule for the coins in the series consisted of two coins released each year over a three-year period.
Each animal chosen to represent Canadian wildlife on the coins holds a special place in the heart of Canadians, and has deep roots in the vast frozen tundras and wooded forests of the country.
Each of the six coins in the original Canadian Wildlife Series was limited to a mintage of 1 million bullion coins. The relatively limited mintage of these coins, their short, three-year production run, and the one-time designs made the original coins in the series immensely popular. By the time the final coins were released in 2013, demand for the products was off the charts.
I sort of doubt the demand was "off the charts." The coins were selling for not much more than bullion. LOL. 

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