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Re: No Recession Yet - GDP up in Q1-2008
Couple things....
.6% increase is basically flat...which reiterates what everyone has been saying - that things seem to not be further declining, just not getting better.
Secondly - these are preliminary results which are often slightly off...so you might be jumping the gun a bit.
Third - GDP is not indicative of an overall increase, with such a flat (aka "no") growth - there are numerous markets that are down...something even the most optimistic person can't deny.
Printing (what I do) is a bellwhether indicator...Printing last quarter was down .7% overall
Newspaper advertising, another bellwether - had record lows 1st quarter.
Basically - the economy is not good, I don't know a single person that thinks otherwise....I like your optimism jveihe...I wish it was accurate.
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If a man had the wealth of a kingdom, without care and diligence it would be brought to nothing.
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