Friday, January 30, 2009

My Q4 National Income Forecasts Evaluated

The BEA and I agree very closely on the components of nominal national income (they have not calculated corp profits yet). In fact, they see a bit more national income than I did.

It appears that the main disagreement between BEA and I is about the inflation/deflation rate. They see -0.3 and I see -3.3.

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