Well, once again the news is out and spreading. The economy in 4Q showed up with a bad case of mononucleosis if one can believe the data released today. The WSJ reported:
Gross domestic product, a broad measure of economic output,expanded at a 0.7% seasonally adjusted annualized rate in the fourth quarter, the Commerce Department said Friday. The economy had advanced 2% in the third quarter and 3.9% in the second quarter.
Economists surveyed by The Wall Street Journal had expected GDP to grow at a 0.8% pace in the October-to-December span.
Despite weak first and fourth quarters to bookend the year, growth for 2015 as a whole was steady. For the full year, GDP expanded 2.4%, the same as in 2014 and a little better than the 2.1% average since 2010, the first full year after the recession.
The thing you need to remember about these reports is to separate the pessimists from the cheerleaders. The commentators and interpreters about such come in both sizes. One will find the seemingly good or hopeful, the other the dark side. Chalk it up to human nature. About the best thing, and the most honest, we can say about this one is what we wrote recently in what-hells-going-on.
The Fed is clueless.
Your weakness is believing that someday everyone will finally discover or needs to discover this fact to validate it.
The Fed is clueless.
Your weakness is believing that someday everyone will finally discover or needs to discover this fact to validate it.
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