A Few Quick Eco Charts

Real GDP came in at 3% – a welcome move higher that has been a tough mark to hit. Warren Buffett just commented that “it doesn’t feel like a 3% economy” – but the numbers show that things are picking up.

With the Fed moving slowly on any rate hikes and the potential for the unwind of the QE portfolio looking like it will take upwards of a decade, low rates and upbeat confidence has helped to push the economy into higher gear.

Employment numbers continue to look strong. Today’s ADP report showed a significant beat above expectations.

 

Friday the expectations for a stronger employment number have ratcheted higher. However some economists are already talking down expectations as August has shown to be a month with some wonky numbers.

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