April 26, 2019

BOOM NOT DOOM: The strong economic growth Glenn notes below is particularly interesting for a couple of reasons. First, the government shutdown only lowered growth by 0.3 percentage points (so much for all the cries of doom), and secondly there appears to be a lingering seasonality to the Q1 figures that the BEA hasn’t properly accounted for yet, suggesting that real growth could have been almost a full percentage point higher. Finally, inflation isn’t a worry at all. Here’s the upbeat CEA summary.

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