What ever are you tawkin bout?
Just had a -2.9% growth rate for the previous quarter. Sounds down to me........
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true. but most economists this side of the rodeo say the first quarter was a fluke because of bad weather. we won’t know for sure until second quarter numbers come out. even then it will be a couple of months later before the final revised numbers are out. One thing is for sure though, the big growth in the economy is coming in the midsection of the country fed by high beef prices and wild growth in the oil patch— and not on the coasts.
Sorry, with all due respect, I just don’t buy it.
Uncle sugar has been blaming sluggishness in the economy on the weather for the last two quarters.
As far as the economy being better based in part on higher prices does nothing more than remove disposable income from the middle class that could be spent on washing machines, autos, towels, shoes and so forth.
High fuel prices may be good for the energy sector, but lousy for many other sectors of the economy. Remember, the summer months are typically slower months economically.
We will have to wait and see, but my gut tells me that the next GDP announcement will look a little better, then it will be revised downward, then revised yet again to either stagnant growth or negative before all is said and done.