Looks like we have hit a ‘lull’…..will we flat line; start a downward trend; or is this just a temporary adjustment due to fiscal and monetary uncertainty…..
No. 506: Revised GDP, January Durable Goods Orders and New Home Sales
February 28th, 2013
• Fourth-Quarter GDP Revision from 0.1% Contraction to 0.1% Growth Was Just Statistical Noise at Already Insignificant Levels
• Official Double-Dip Recession Should Be Clocked from Second- or Third-Quarter 2012
• Ongoing Year-to-year Contractions in Real Durable Goods Orders Signal Renewed Economic Downturn
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