Brad DeLong: "Fourth Quarter Was Even Better than We Thought at the Time"

[ProSense]

Production: Fourth Quarter Was Even Better than We Thought at the Time; First Quarter Looks Just OK...

Macroeconomic Advisers says:

In response to incoming data, especially on inventories... fourth-quarter GDP growth is poised to be revised up to 6.0%... incoming data are consistent with our tracking forecast for 3.1% growth of GDP in the first quarter.... Last week we did shave two-tenths from our forecast for first-quarter GDP growth--which now stands at 3.1%--largely because aircraft deliveries (from Boeing) were below expectations, but the general tenor of incoming data is consistent with our forecast for a continued recovery and solid GDP growth in early 2010...

[Cha]

1. Could be a lot worse

after the bushcheney years..this is something to build on.

[Cha]

2. Somebody doesn't like this news and doesn't

want it to get out. Must suppress.

[hansont]

5. Or maybe they have recognized who spams the boards? I rarely rec certain posters here who seem to

want to overwhelm discussions with repetitive posting.

[Cha]

6. That's your problem that you want to suppress news..

because you don't know what spamming is.

And, this article was unrec and it's good news about the Economy so your theory is bogus.

[damonm]

3. K&R - bad news for Rethugs and Obama-haters...nt

[NJmaverick]

4. Very good news!

[asdjrocky]

7. We're doing a lot more with a lot fewer workers.

This is a robber barons dream.

Production waaaaay up, labor cost waaaaay down.

Cue "Happy Days are Here Again"