Today the Commerce Department and the Conference Board gave us the final two economic indicators of this week. The advanced quarterly GDP figure for the first quarter of 2013 came in at +2.5 percent, representing a decent acceleration from the 0.4 percent of the prior quarter. The details of the GDP data show a private sector continues to grow at a reasonably moderate pace despite growth stunting tax burden increases and small federal spending reductions (any article that calls the federal spending “cuts” as deep simply has an agenda or is simply mimicking prior statements). Overall, investment private domestic investment…
GDP, Consumer Sentiment Points to Cruise Control Economy
Harrison Roger
Roger is an economic adviser and active angel investor. He owns various economics firms. His work allows him a diverse group of clients across the globe, including the United States, Europe, and Asia. He holds a Ph.D. in business economics.