The inventory contribution to GDP in the GDPNow model is 2.1% That exceeds the entire estimate of Nowcast.
The spread is a whopping 2.7 percentage points, the largest in history.
At least one of these models is seriously wrong.
Mike "Mish" Shedlock
http://moneymaven.io/mishtalk/economics/gdpnow-forecast-surges-to-4-7-spread-to-nowcast-an-amazing-2-7-percentage-pts-fmVMDTDOvkO-EWrd6Zwclw/

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.