Economy in U.S. Grew at 5.7% Pace, Most in Six Years (Update3) - Bloomberg.com.
Nice growth but 60% was due to inventory reductions. That isn't sustainable. We'll need to see more corporate spending (which did improve more than expected), more consumer spending (which didn't) and less government spending (which was a small net negative on growth).
Nice growth but 60% was due to inventory reductions. That isn't sustainable. We'll need to see more corporate spending (which did improve more than expected), more consumer spending (which didn't) and less government spending (which was a small net negative on growth).
