GDP Data Show Widening Gap To Trend & No Evidence Bonds Are In A Bubble -- Fed Holds Until?

August 02, 2016   |   August 2016 Bond Updates
The Q2 GDP data effectively reflect what the payroll data have been indicating (once one moves to using moving averages of three-months or longer)--the real pace of growth has slowed and remains slow. Further, the gap between real GDP per capita and its trend line from 1966 to 1993 continues to widen. People feel this, even if most can’t define it, and is probably what’s behind the disquietude many have expressed about the current economy.

View more at: http://www.forbes.com/sites/stevenblitz/2016/08/01/gdp-data-show-widening-gap-to-trend-no-evidence-bonds-are-in-a-bubble-fed-holds-until/
 
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