GDP, Job Growth Fail To Match Rosy Fed Outlook |
| May 03, 2011 | May 2011 Bond Updates |
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You saw the latest GDP numbers last week. In the first quarter, the economy grew at a 1.8% annual rate, said the estimate. That is equivalent to the average real rate of growth for the U.S. economy since 1925. The only trouble is, this growth isn’t real. It’s nominal, not adjusted for inflation. It’s phony. |
| View more at: http://blogs.forbes.com/greatspeculations/2011/05/02/gdp-job-growth-fail-to-match-rosy-fed-outlook/ |