Having bumped up the reported Q1 GDP growth numbers, the US administration now seems content to push a (modestly) slower growth narrative in order to support the current dovish Fed. As with the non-farm payroll seasonal adjustments, the GDP numbers are becoming increasingly unreliable as a true indicator of current economic growth and more a […]
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Better than expected Q1 GDP growth in both China and the US, may not be as positive for asset prices as the initial market reaction might suggest. Not only does it dispel some of the more ambitious hopes for additional fiscal and monetary stimulus, but it also serves to encourage each side to dig in […]
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