GDP – Here's Where We're At

My daily linkfest at WSJ here.

Most economic reports are noise.  Like weekly jobless claims for a given week – who gives a shit?  Trend is more important than any one of those reports, despite the fuss made of them each and every morning.  In contrast, real GDP is an important one.  Trend is also important here, of course, the but the number itself and any revisions that come along with it matters.

Today at 8:30 am we get 2nd quarter Real GDP.  A chart from MarketWatch to serve as preview and give you some context before the report hits at 8:30:

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