Q1 GDP report seen as workhorse, not show pony
WASHINGTON (MarketWatch) — If the first-quarter gross domestic product report is an animal, then economists say it’s more a workhorse than a pony.
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See Also:
The GDP Dog and Pony Show
Source Data:
St. Louis Fed: Real GDP
Consider this.
ReplyDeleteIf the best we can do during an expansion is hug the horrible 10-year moving average, then what's going to happen during the next contraction?
Of course, some would argue that the Fed has permanently removed all possibility of another contraction. To these people I would have only this to say.
"Psst. Hey buddy. Yeah, you. Lookin' for ocean front property in Kansas? I've got the deed right here. Give it to you for 10 cents on the dollar. I desperately need the money due to an email I got today. It seems a Nigerian Prince is in need of my assistance."