When the facts change I change my mind, what do you do sir
-
US Stagnated, but that was Yesterday; Tomorrow's Outlook Brighter
The US economy all but stalled in Q1. The 0.1% annualized expansion was weaker than any quarter last year. However, it is not a harbinger of things to come. Rather, it is a distortion that is not about to be repeated. There were two main forces at work. First, as anticipated by many economists, including the Federal Reserve, there was a correction to the unsustainable strength of inventory accumulation and net exports. Inventories and exports together took about 1.4 percentage points off GDP. What seemed to surprise some economist was how abrupt the inventories corrected. Many had anticipated the correction would be ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Apr 30, 2014 1:13pm Apr 30, 2014 1:13pm
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
- Comment #2
- Quote
- Apr 30, 2014 1:31pm Apr 30, 2014 1:31pm
- fxguide
- | Joined Dec 2013 | Status: Member | 16 Comments
- Comment #3
- Quote
- Apr 30, 2014 1:42pm Apr 30, 2014 1:42pm
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir