Holtz-Eakin Says U.S. Economy, on the Whole, Has Been 'Remarkable'

The video discusses the economic data from the third quarter and October, highlighting revisions in GDP and business investments. It examines the housing market's positive trends and the economic slowdown, emphasizing the consumer's role in sustaining the economy. Despite trade wars and business investment drops, the economy remains resilient, driven by a strong labor market and rising wages.

What were the initial impressions of the third quarter numbers before seeing the October numbers?

How has the consumer been described in relation to the economy?

What factors contributed to the drop in business fixed investment?

How do trade issues affect consumer spending according to the discussion?

What is the current state of the labor market and its impact on consumer behavior?