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Tag Archives: Q1 GDP

Q1 GDP negative; but more importantly, two of three long leading indicators have deteriorated

Q1 GDP negative; but more importantly, two of three long leading indicators have deteriorated First things first: yes, it was a negative GDP print. No, it doesn’t necessarily mean recession. I’ve been expecting weakness to show up by now ever since last summer; so here it is.But the big culprits were non-core items. Personal consumption expenditures, even adjusted for inflation, were positive. The three big negatives were a big decline in...

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