Wednesday, May 16, 2012

Uh Oh...

Here's a little tidbit from a routine piece of economic data analysis from one of the best in the business"
Upward revisions to retail sales for prior months suggest real consumer spending (including services) increased at a 3% annual rate in Q1.  With two more months to go, it looks like real consumer spending is growing at about a 2.5% rate in Q2.  Mixing this data with today’s report on inventories suggests later this month Q1 real GDP will show a downward revision to a growth rate of 1.8%.  The original report for Q1 had a growth rate of 2.2%, but, since then, inventories have been revised downward.
Davids Axelrod and Plouffe, call your office...major phony "vampire" and/or "war on women" and/or "I am gay and I killed bin laden" campaign push needed...

0 Comments:

Post a Comment

<< Home