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Mixed fallout from higher revision to U.S. GDP growth

Mixed fallout from higher revision to U.S. GDP growth

The news that U.S. economic growth in the third quarter had been revised upward to 3.5% from an earlier 3.2% has been a mixed blessing for the financial markets. Higher growth has helped stocks resume their post-election rally. But it hasn’t helped the bond...
Sales growth without profits for the holidays?

Sales growth without profits for the holidays?

Solid growth in retail sales for the November and December holiday shopping season. Retail profits not so much. For November, advance estimates show retail and food services sales climbing 3.7% from November 2015, according to the U.S. Census Bureau. For December,...
How long will consumers dip into savings to keep spending?

How long will consumers dip into savings to keep spending?

Yesterday I wrote >http://jubakpicks.com/what-me-worry/ that the combination of slower GDP growth (1.2%) in the second quarter plus declining consumer sentiment worried me. Continued strong consumer spending–household consumption grew at a 4.2% rate–in...
What me worry?

What me worry?

Am I the only one who finds Friday’s GDP report of 1.2% annualized growth worrying? Especially when combined with a drop in consumer sentiment? What’s bothering me? The deeply disappointing second quarter GDP number was only as good as it was because...

The Fed speaks–a day for optimism on the U.S. economy?

Could that be optimism about the U.S. economy I see in the snow? (Yes, it’s snowing again here in New York City. It snowed yesterday too.) Sure looks like it with Standard & Poor’s 500 stock index opening up this morning. The market is betting on positive verbiage...