Rick Davis | TalkMarkets | Page 2
President at Consumer Metrics Institute
Contributor's Links: Consumer Metrics Institute
Rick Davis is President of Consumers Metrics Institute (CMI).  CMI revolutionizes ways in which economic data is collected and published, by moving the methodologies and technologies involved into the twenty-first century.  First, CMI moved as far 'up-stream' economically as ...more

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BEA Revises 3rd Quarter 2013 GDP Growth Upward Again
In their third and final estimate of the US GDP for the third quarter of 2013, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a 4.12% annualized rate, up another 0.52% from the 3.60% growth rate previously reported for the third quarter.
Consumer Metrics Institutes' Review
The Federal Reserve clearly understands that the headline 4.12% is neither real nor sustainable:
Daily Absolute Demand Index
"Bringing the measurements of critical economic activities into the twenty-first century by mining tracking data for an understanding of what American consumers were doing yesterday."
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