- 2nd quarter GDP was revised up to 2.5%. (Normally, that would be a so-so number, but considering recent years, it's pretty good.)
- Weekly unemployment claims are at a 5 year low.
- Home prices are up 10-12% year-over-year (comparing 2012 and 2013), according to both the Case-Shiller Index (20 city composite) and CoreLogic.
- Consumer sentiment is pretty good, if not great.
- The American Chemistry Council's new-ish index (which is supposed to predict the overall American economy as a whole) is looking positive for the six to eight months.
Wednesday, September 4, 2013
So what the hell is the state of the economy, anyway?
Let's look at some recent numbers:
Of course, long-term unemployment is still crummy (and will continue to be) and Paul Hodges still thinks we're DOOOOOOOOMED. (Actually, I feel like he's moderating his tone juuust a bit.)
Readers, any thoughts on the direction of the economy? 2013 is almost 75% over, and it's unclear to me what kind of year it has been. I'm thinking positive for 2014, though. I hope I'm right.