Jim D

Recession? Not This Year

It's only 1.9% growth if you believe the 1.1% inflation number.

Do you beleive that that was the inflation number? Really? Seriously?

If, instead, the correct inflation number was, say, 2.5% (which is still about half the CPI number), then the growth was .5%. If, instead, the inflation number was 3% (which seems likely) then growth was ZERO.

PPI was 14%, remember, so 3% would seem to be a lower bound, wouldn't it?

Sheesh.