Join NexChange - the professional
network for the financial services
industry - and receive a free one-
year subscription to Forbes
Video: Third quarter GDP -- A blip or an omen of a slowdown?
In an interview with CNBC, Lindsey Piegza, Stifel Fixed Income Chief Economist, and David Lebovitz, JPMorgan Asset Management, offer opposing views on the slowdown in third quarter GDP, which came in at 1.5%, slightly less than expected. At the heart of the number: A reduction in inventories. Are inventories shrinking because CEOs are concerned about the consumer or is this a natural part of the business cycle and we can reasonably expect growth to resume at a higher pace in 2016?
Chart: Bureau of Economic Analysis