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Wednesday, March 30, 2011

Here come the downgrades for Q1 GDP Growth: Part II

by Calculated Risk on 3/30/2011 12:06:00 AM

Based on the February Personal Income and Outlays report, it is pretty clear that GDP growth in Q1 is going to be sluggish. We are going to see a number of downgrades, this once via David Leonhardt at the NY Times: As Economy Sputters, a Timid Fed (pay)

"a prominent research firm ... Macroeconomic Advisers, has downgraded its estimate of economic growth in the current quarter to a paltry 2.3 percent, from 4 percent."
Leonhardt mostly discusses the Fed, QE2 and whether the Fed is properly balancing unemployment and inflation.

Earlier posts on Case-Shiller house prices:
Case Shiller: Home Prices Off to a Dismal Start in 2011
Real House Prices and Price-to-Rent
• House Price Graph Gallery