Must-Note: Macro Advisers Forecasts: 1.9% GDP Growth in Q4

Must-Note: Macro Advisers says: the economy is growing at less than any reasonable estimate of potential output this quarter…

In fact, let’s look at the past eight quarters:

2015Q4: 1.9%
2015Q3: 1.5%
2015Q2: 3.9%
2015Q1: 0.6%

That is a 2.0% growth rate for 2015, after a 2.5% growth rate in 2014, after a 2.4% growth rate for 2013. No signs of growth faster than potential output. No signs of inflation.