2nd Quarter GDP comes in at 4% growth

The first reports about the second quarter GDP numbers of 4% growth should be a pleasant surprise to investors.
Full Story Here… However, Investors are far more concerned about the Federal Reserve policy meeting and whether they are going to increase short term interest rates.

The stock market is currently trading lower despite the great GDP numbers. Why do investors ignore this good news? it is because they understand that in the first quarter the original numbers they came out with, had GDP growth numbers of almost 3%. And then the first revision came out, which took it down to about 1% GDP growth. About a month ago the final GDP numbers came in at negative 2.9% GDP growth. The morale of the story is that the federal governments data on the economy is unreliable at best and intentionally misleading at worst.

This entry was posted on Wednesday, July 30th, 2014 at 9:16 pm and is filed under Featured Stories, Latest News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.