GDP (Gross Domestic Production) is a measure of output of the USA and is released on a quarterly basis. GDP gives us and idea of how the economy is doing.
First Quarter 2014 GDP (-2.9%) for the USA
With two quarters of ANY negative GDP being defined as a recession, the first quarter of this year’s negative 2.9% stunned us as well as many other investor likes…. Here are the issues:
- Clearly the harsh winter caused much of this
- Are we missing something?
- For the conspiracy theorists, did the adjustments in calculations cause this?
- It’s a fluke !
Far right bar hanging very low …. bounce back next quarter?
Time will tell !!
Ahhh….but today is a Friday heading into a weekend. Do not forget to spend time with those special in your life…. We are almost half way through 2014 !!!
Have a Great Friday and a super weekend !
John A. Kvale CFA, CFPhttp://www.jkfinancialinc.com http://www.street-cents.com 8222 Douglas Ave # 590 Dallas, TX 75225
Filed under: Economy, Market Comments Tagged: Econoday, GDP