The Traderszone Network

Published in TZ Latest News 18 May, 2014 by The TZ Newswire Staff

What Q2 GDP Weakness Will Be Blamed On

As we entered Q1 2014, hope was high that this was it – this was the quarter when, with stocks at record higs, employment data improving and a confident Fed tapering, the US economy would reach escape velocity and back we could all go to “believing” in the futures once again. The 2.6% growth expected at the start of Q1 quickly evaporated into a -0.5% contraction in the economy due to “cold” weather in the winter. Of course, the Keynesian-hockey-stick believers have marked up their “been-down-so-long-it’s-gotta-bounce-back” Q2 expectations to 3.3% growth

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