No. 918-B :First Estimate of Third-Quarter 2017 GDP, Economic and Financial Outlook
Watch For Unexpected Headline Economic Weakness as
Artificially Strong Numbers Reverse, with Hurricane Boosts Beginning to Unwind
Natural-Disaster-Scrambled Data Suggest Looming, Major Revisions
A New Fed Chairman Will Face the Same Banking-System and
Economic Challenges that Befuddled the Yellen/Bernanke Chairmanships
First Estimate of Third-Quarter 2017 GDP Growth Was 2.99%
Versus 3.06% in Second-Quarter, 1.24% in First-Quarter
Third-Quarter 2017 Final Sales Growth (GDP Net of Inventories) Was 2.26%
Versus 2.94% in Second-Quarter, 2.70% in First-Quarter
Headline GDP Details Did Not Make Sense in Terms of Underlying Series
Better-Quality Economic Measures Continue to Show
No Full Recovery from the Collapse into 2009 and No Economic Expansion, with
Stagnant Real-World Activity Increasingly Indicating a Renewed, Deepening Downturn