An analysis of the good, the bad & the ugly
Wednesday, September 3, 2014, 12:02 AM
The financial markets were certainly correct in dismissing that rather abysmal first quarter 2014 GDP print, no? After all, the current 4.2% GDP growth snapback revision in Q2 is proof positive Q1 was just a one-off fluke. Right?
The fact is: for a good five years now, economic pundits have been both hoping for, and then repeatedly disappointed by, the US economy's inability to achieve "escape velocity”.
So what lies ahead for the US economy? And for the financial markets? Are things going to get better or worse from here? » Read more