"The market can remain irrational longer than you can remain solvent"
-
The Economic Snapback Is Here
2014 was supposed to be the year that the economy finally broke out of its subpar, post-crisis pace of growth. But the first few months of the year were a big disappointment, and in fact Q1 GDP was decidedly negative. Of course, the economic bulls had an excuse for this: Weather. It was well known that there was an unusual amount of cold and snow at the start of the year, and that that kind of weather keeps people home. So this spring became a moment of truth for the economy. If the data stayed bad through spring, that means that meant that there was something deeper wrong with the economy beyond the weather. If ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jun 3, 2014 8:57pm Jun 3, 2014 8:57pm
-
anton.olff
- | Joined Jan 2009 | Status: Ex-pat New Yorker. | 138 Comments
- Comment #2
- Quote
- Jun 3, 2014 9:01pm Jun 3, 2014 9:01pm
- PaulAmbrose
- | Joined Sep 2010 | Status: Member | 261 Comments
- Comment #3
- Quote
- Jun 3, 2014 9:29pm Jun 3, 2014 9:29pm
-
Greenstar
- | Joined Apr 2011 | Status: Member | 735 Comments
- Comment #4
- Quote
- Jun 3, 2014 10:21pm Jun 3, 2014 10:21pm
- PaulAmbrose
- | Joined Sep 2010 | Status: Member | 261 Comments