Sunday, June 26, 2011

Edward Harrison: Metrics for Growth

GDP is only one of five factors. The others are industrial production, employment, retail sales and personal income....
So when we get the GDP report next Friday, we might could (as my grandmother would say) see positive numbers for the change in GDP. Some people will be dancing in the street, proclaiming the recession is over. Hold the phone on that one though, because you’ll know that it doesn’t really mean anything until it is confirmed by the other four metrics that we should be watching.

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