[This will be revised and extended]
The current economic situation provides an opportunity to test economic forecasting skills in a period of rather high uncertainty. The challenge is to come closer to the advance BEA estimate of change in GDP for Q2 '09 than the median of the Bloomberg survey of economists. The BEA advance estimate will be announced on July 31 at 8:30AM EST. The current BEA news release contains what amounts to a primer on factors affecting the GDP plus links to more extensive explanations. Following are links to data sources that I have found helpful in formulating estimates of how the economy is performing.
BEA Table 1.1.5. Gross Domestic Product
BEA Table 2.1. Personal Income and Its Disposition
BLS Employment Situation Summary
Fed H.8 - Assets and Liabilities of Commercial Banks in the United States
BLS/Commerce Weekly Unemployment
Railfax - comparison of weekly car loadings.
DAILY TREASURY STATEMENT
Other Statistical Resources for Economics
Obama needs to stop believing his own BS
2 hours ago