The economy at present seems to be holding steady in a remarkably durable growth path. Despite the absence of important economic data from some of the temporarily shut down government reporting agencies, there are private sources of reliable information to draw from. We recently reported that the economy was slowly softening. This occurred in no small part because of the earlier sometimes erratic and significant policy changes in the administration that caused many companies and consumers in general to curtail spending plans. That effect has decisively abated as the policy turmoil has subsided. The economy seems to have weathered it fairly well.

Continue reading 3rd Quarter Update: Choppy waters, Tech Boom Yet?