Andrew links to some bearish predictions under the headline “A Recession Election”, only to end the post with a perplexed link to a Dow Jones’ Marketwatch story reporting 4.9% GDP growth in the third quarter.

The Wall Street Journal’s Economics Blog solves the seeming paradox: GDI, which measures economic activity based on income rather than expenditures, is a better indicator of the health of the economy when it comes to signaling downturns. And though GDI and GDP should add up to the same figure, often they don’t due to statistical blindspots. GDI growth for Q3: 2%.