The really surprising thing is the lack of inflation given this kind of growth.
More Quotes from Edward McKelvey:
The easing the Fed has already done has had a focused and limited effect, mainly on sales of homes and automobiles. It's not clear another rate cut will have much effect. I think fiscal easing is more effective at this point it more directly puts money in people's pocketbooks.Edward McKelvey
We had expected an upward revision in the second-quarter G.D.P. estimate on the basis of other recently released data, ... but trade kind of goes in the opposite direction.
Edward McKelvey
In our view, the financial markets are much too complacent about what a decision to keep tightening means at this juncture.
Edward McKelvey
Is the market concerned about it Yes. Is it a significant concern I doubt it.
Edward McKelvey
Trade is a drag (on growth) and that tends to hit manufacturing harder than the rest of the economy.
Edward McKelvey
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