The indicators for the economy are looking good. For those who view the world through a political prism, this news may be coming too late to help the president and his party in the mid-terms. And for those whose view is long and wide, the skies are not entirely blue. There is the matter of labor force participation, which is historically low. Also home ownership, which is also in a deep trough. And interest rates will soon be rising. Still …

Third quarter GDP rose by 3.5 percent, as reported by Bloomberg.  A good number, and one that exceeded expectations of 3.1 percent.  (Skeptics may point to the impact of government spending on that number but a win is a win.)