GDP is 1.5%, 10 Year Treasury is 1.4%, and CPI is 1.7%. So even though inflation is low (CPI), economically speaking we’re losing ground. Real rates of return are negative (Treasury vs CPI), and economic growth adjusted for inflation is negative (GDP vs CPI).
Technically speaking, the economy is sucky.
Economic Event | Period | Economic Survey | Actual Reported | Original Prior | Revised Prior |
GDP QoQ (Annualized) | 2Q A | 1.4% | 1.5% | 1.9% | 2.0% |
Personal Consumption | 2Q A | 1.3% | 1.5% | 2.5% | 2.4% |
GDP Price Index | 2Q A | 1.5% | 1.6% | 2.0% | |
Core PCE QoQ | 2Q A | 1.8% | 1.8% | 2.3% | 2.2% |
John Broussard
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury
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