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Real GDP fell slightly in 2008:Q3
econbrowser.com - 10/31/2008
Real GDP fell slightly in 2008:Q3
—
The Bureau of Economic Analysis reported today that U.S. real GDP fell at a 0.3% annual rate in the third quarter of 2008. That's the second quarter of negative real GDP growth out of the last four, and puts the cumulative annual growth since 2007:Q3 at an anemic 0.8%. As expected ...
content.ksg.harvard.edu - 10/31/2008
NOW Are We In Recession?
— content.ksg.harvard.edu — Is the United States in recession? If one looked solely at the adverse shocks that have hit... the economy over the last year, one would infer an unusually high probability of a recession. If one consulted some of the most import economic ... (more) NOW Are We In Recession?

Comments vote down Econbrowser found this 10/31/2008found this
Some Additional Observations on the 2008Q3 Advance GDP Release
econbrowser.com - 10/31/2008
Some Additional Observations on the 2008Q3 Advance GDP Release
— econbrowser.com — If you went no further than noticing that the q/q annualized growth rate of -0.3% was faster... than the -0.5 in the Bloomberg consensus, you might have taken this as good news. I'm not going to say it wasn't good news (relatively speaking), although ... (more) Some Additional Observations on the 2008Q3 Advance GDP ...

Comments vote down naked capitalism found this 10/31/2008found this
What Does "Deleveraging" Really Mean? Cutting $25 Trillion Of Debt
clusterstock.com - 10/30/2008
What Does "Deleveraging" Really Mean? Cutting $25 Trillion Of Debt
— clusterstock.com — Everyone has now gotten used to the idea that we're "deleveraging." But what do we think that... means? We think it means that banks, consumers, companies, and the government have to cut down their debt a bit. Actually, more than a bit. Unless it's ... (more) What Does "Deleveraging" Really Mean? Cutting $25 ...

Comments vote down FT Alphaville found this 10/30/2008found this

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Angry Bear:  PGL writes

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PGL writes
Angry Bear — PGL at Econospeak has a note on Holtz-Eakin's interpretation of Q3 BEA statement. James Hamilton has a graph and thoughts. CR points to another thought on Q3 from the San Francisco FED Dr. Janet Yellen here.

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