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U.S. GDP growth rate a tepid 0.7% in first quarter

U.S. GDP growth rate a tepid 0.7% in first quarter

The U.S. economy expanded at an annualized pace of 0.7% in the first quarter, the Commerce Department reported this morning. That’s the slowest pace in three years. Economists surveyed by Bloomberg were looking for growth of better than 1%. The Atlanta...
Hello! The real economy comes calling this week

Hello! The real economy comes calling this week

Amidst all the guessing about what Congress and the President will do this week to head off a possible government shutdown when spending authorization ends on April 28–and all the speculation about how financial markets will react–we should remember that...
China GDP ticks higher to 6.9% growth in the first quarter

China GDP ticks higher to 6.9% growth in the first quarter

Problems now or problems later. China’s leaders have opted for problems later. Wall Street and its economists are willing, today, to follow that lead. The National Bureau of Statistics reported that China’s GDP climbed by 6.9% in the first quarter from the...
Optimism reigns as we head into first quarter earnings

Optimism reigns as we head into first quarter earnings

As of April 7 Wall Street analysts are expecting year over year earnings growth of 9.2% for the stocks in the Standard & Poor’s 500 for the first quarter of 2017, according to Yardeni Research. FactSet’s estimates are just slightly lower at 8.9% year...
Jobs report not too hot, not too cold

Jobs report not too hot, not too cold

So how many lives does this Goldilocks market have, anyway? This morning the Bureau of Labor Statistics reported that the U.S. economy added just 98,000 jobs in March. That was the weakest gain since May 2015 and way under the 180,000 jobs expected by economists...