Despite the fact that there some financial seers pointing to an economic recovery in the EU, the actual data may suggest otherwise! Some of those in the investing arena who have an economic axe to grind (i.e. stock brokers and all-long money managers) have suggested recently that the EU is on the cusp of an […]
GDP reported this morning at an annual ‘growth’ rate of -2.9%! Last month when the Bureau of Economic Analysis (BEA) estimated that 1st-quarter GDP would actually drop 1% we asked the question whether the US economy was facing a condition that plagued George Costanza after swimming in a cold pool? In other words rather than expansion […]
Much like George blaming swimming in a cold pool for his shrinkage, can the negative 1% reading in GDP actually be attributed to weather? Much of the blame for any of the current economic weakness in the United States is being placed on harsh winter weather as in this note from AP: ‘The U.S. economy was […]
