28 April 2017

Hard Data? = NOT Very Good Q1 2017

Tough to predict, subject to revision, and  a growing debate over what data best captures economic activity.
GDP Report Shows U.S. Economy Off to Slow Start in 2017
Indicators referred to as “soft data” — surveys of corporate investment plans as well as consumer and business sentiment — have all risen since President Trump’s victory in November. And just this week, the president’s blueprint for big tax cuts for business and individuals helped fuel a renewed rally on Wall Street.
But actual economic activity — retail sales, inventory accumulation, automobile purchases — has not caught up with rising expectations, at least not yet.
Read more > New York Times

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