GDP Now -- 1.1% -- 3Q15 -- October 8, 2015

As of October 6, 2015:

The GDPNow model nowcast for real GDP growth in the third quarter of 2015 is 1.1 percent on October 6, up from 0.9 percent on October 1.

The model's nowcast of the third-quarter growth rate in real personal consumption expenditures increased 0.2 percentage points to 3.6 percent following yesterday's (October 5, 2015) light motor vehicle sales release from the U.S. Bureau of Economic Analysis. After this morning's international trade report from the U.S. Census Bureau, the model nowcasts of real net exports and real equipment investment each increased modestly.

After a gazillion dollars in stimulus and six years into the recovery, and no evidence of any global warming in 18 years, and the Russians in Syria, the forecast for the US GDP for 3Q15 is a whopping 1.1%. At least it's not a negative number. POTUS, meanwhile, is on his way to Oregon, to talk gun control. And no one in the GOP wants to be House speaker. Welcome back, Mr Speaker.

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