GDP Report: U.S. Economy Expands at 0.4% Rate
The economy grew at a slightly faster but still anemic rate at the end of last year. There's hope that growth accelerated in early 2013, despite higher taxes and spending cuts.
The economy grew at a slightly faster but still anemic rate at the end of last year. There's hope that growth accelerated in early 2013, despite higher taxes and spending cuts.
Consumers reopened their wallets and manufacturers slashed inventories, indicating they're getting ready to ramp up production of more goods this year. Also contributing to growth were rising exports and falling imports. But just how good will 2011 prove to be?
The markets closed out the week on a positive note, as consumer sentiment rebounded slightly to 72.2 in late April. Key index components were mixed, however, and consumer sentiment has been more or less unchanged in the past five months.
I'm a big fan of John Mauldin and his weekly email newsletter, Thoughts from the Frontline, where he analyzes the economy.But even so, I disagree strenuously with his reasons for being a pessimist on the economy, after the recent GDP report.



