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Daily Archives: June 25, 2014
Keeping a grip on guide ropes to survive a Fed-made blizzard
So US GDP contracted at a 2.9% annualized real rate in Q1 2014, a full 3% lower than had been originally guesstimated in April, as spending fell across pretty much every component of consumer, business, government and net exports. (Although, … Continue reading
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US economy contracts most since last recession
Third read on Q1 US GDP comes in this morning at -2.9% on lowered personal consumption, corporate profits and investment. All [unexpected] of course. Now we will hear from the multitude of talking heads who, did not see this coming … Continue reading
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