Wednesday, April 29, 2009

Bad US GDP number but Good Rally

Perhaps you are tired of this headline, let me cut the long story short. The number is quite bad in Q1 '09 because it sank by 6.1%(Q4 '08 6.4%). The good signs in the bad number are these:

1. Rebound in consumer spending

2. The inventory correction has been too steep. Soon businesses will have to produce something.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aHyjnZCJkYIU&refer=home

No comments: