>>So they say. For myself it is only printed number - maybe the sign (-) was lost during transmission. Are you or myself able to verify all the incoming data?<<
It's a treacherous, depressing, dismal world you live in, woj. Though with the current woeful state of US corporate governance, your skepticism is understandable.
The US is in an odd, schizophrenic state, with the telecomm and high tech sectors just now beginning to emerge from a de facto depression, while consumer spending, driven by powerful demographic forces, parties on.
A good chunk of 1Q economic growth came from government spending on the WAT. But an equal chunk came from consumer spending, offsetting sucky business investment.
The bears feel the consumer is tapped out and will shortly drop dead. What the bears are missing is the power of boomer demographics.
My pov is that as soon as business investment returns, we'll be partying like it's 1999 until about, oh, 2009, when the shit'll really hit the fan. We'll all be pining for the good 'ol days way back in '02 then. |
