Today third quarter GDP is revised. Consensus is now expecting third quarter growth to be 3.3% versus the previously reported 3.5% rate.  Is this of any significance?...

How will the economy respond to falling oil prices?  As noted several times the $30 decline in crude has shifted about 1.5% of global GDP from oil producers to oil consumers.  Approximately 70% of the US economy is consumer driven thus it can be concluded...

Where to now?  Tomorrow October’s BLS labor report is released.  It is largely expected to remain relatively “robust” as it relates to the current recovery....