Monday: Personal Income and Outlays, ISM Mfg Index, Construction Spending

From Jim Hamilton at Econbrowser: <a href="http://ift.tt/1Jhdr5q">Current economic conditions: not as bad as it sounds</a><br /><blockquote>The new BEA data also allow us to calculate an alternative estimate of GDP, building the estimate up from income data instead of expenditures. In terms of the underlying concepts, the income-based and expenditure-based calculations should produce the identical number for GDP. But because the data sources are different, in practice......(read more)

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