The Phaserl


Consumer Metrics Institute: “Is it 2007 once again?”

by John Rubino,

The Consumer Metrics Institute is out with commentary on the latest GDP revision. Here’s an excerpt: 

As we noted last month, on the surface a 2.38% annualized growth rate at nearly full four years into a recovery is good news — and a growth rate that many other global economies would currently be pleased to be reporting. And looking at the details provides us with some reasons for optimism:
– Consumer spending was sustained in spite of tax increases,

– Fixed investments continued to grow (although at a slower pace than in the prior quarter),

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