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February 28, 2014

Unexpectedly, Decent 4Q Growth of 3.2% Revised Way Down to an Anemic 2.4%

This, the New York Times understatedly tells us, represents a "substantial" revision of the figure.

The figure was actually lowered below the level analysts expected. They thought it would be lowered to 2.5%.

They say they expect "lackluster" growth throughout this year. And:

It is also well below the so-called breakout speed economists have been hoping to see the economy sustain for more than a quarter or two.

No sh*t really?

Analysts are of course blaming... the weather. Yes, they figure it was all this Global Warming falling over much of the country that is responsible for the economy's failure -- now it its fifth year -- to reach break out speed.

posted by Ace at 10:34 AM

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And: It is also well below the so-called breakout speed economists have been hoping to see the economy sustain for more than a quarter or two. No sh*t really? Analysts are of course blaming... the weather. Yes, they figure it was all this Global Warming falling over much of the country that is responsible for the economy's failure -- now it its fifth year -- to reach break out speed. posted by Ace at 10:34 AM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments [/i][/b]andycanuck (hovnC)[/s][/u]: "Maral Salmassi @MaralSalmassi Despite claims made ..." jimmymcnulty: "Are Australian pizzas served upside down. Asking ..." Viggo Tarasov: "Hey, that tweezer thing can really pluck someone u ..." 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