More good economic reports

The NFIB has two more good economic reports:


1. The economy in the third quarter rocked! What was most encouraging was that is was a more balanced report. Consumer spending was up, but so was capital spending and expenditures on software.
2. The Federal Reserve issued a report that showed strengthening in employment and in manufacturing. These are two indicators that had been lagging up until now. The National Association for Business Economics also reports stronger employment.
My prediction for 2004: Entrepreneurs will begin to report workforce shortages in several categories.