GDP up 2.0% versus last month’s 1.9%
Personal Consumption up 2.2% versus last month’s 2.2%
Durable Goods Orders up 1.9% versus last month’s revised -2.7%
So, the economy grew a little, consumers spent very little, and orders for big stuff grew.
It’s better than a poke in the eye with a sharp stick.
John Broussard
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury
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