Submitted by Michael Lebowitz via 720Global.com,
On Friday July 29th, 2016, the Bureau of Economic Analysis (BEA) released the second?quarter GDP figures and revisions for prior quarters. At a disappointing annualized growth rate of only 1.20%, second quarter GDP widely missed consensus expectations of 2.50% growth. Coincidently the current 1?year average growth rate has risen at the same 1.20% and that annualized growth rate has declined for five quarters in a row.