Friday, July 29, 2011

It's The Economy Stupid: GDP

Okay, the GDP numbers are mixed at best, and still troubling.  Is the glass half full or is the glass half empty???

 

GDP Quarter On Quarter Annualized for the 2nd Quarter:  1.3% versus economist’s expectations of 1.8% and versus the prior period number of 2.1% 

GDP Price Index Annualized for the 2nd Quarter:  2.1% versus economist’s expectations of 2.0% and versus the prior period number of 2.5%

 

It’s still better than a poke in the eye with a sharp stick.

 

John Broussard

 

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