Consumption, Cacophony and Clarity

The Beryl Consulting Group – June 18, 2008  Consumption and government spending were the "positive" elements in the most recent GDP numbers. Consumption, dubiously adjusted for modest inflation, increased by 1% on a quarter over quarter basis. Private investment spending was negative and net exports grew as a negative number despite Dollar weakness. Things are bad and continue to worsen. Click on attachment for analysis.

 

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