Off-Topic: More mixed economic news
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Name:
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MartiniMan
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Subject:
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More mixed economic news
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Date:
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4/29/2015 10:03:11 AM
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GDP was at 0.2% in Q1 2014. No doubt impacted by the weather but the dollar is killing exports as well. I suppose the good news is that beats Q1 of 2014 so hopefully Q2 will be better. Consumer confindence and spending aredown which is surprising given energy prices are still low. All in all the weakest recovery since after the depression continues. And real unemployment is still at 11% which is a travesty six years after a recovery. I am really hoping this is not evidence of a recession setting in as historically we are due for a slowdown.
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