Blistering GDP and ISM Manufacturing Reports
February 1, 2010 at 11:40 am · Category: Macro Economics, Market Commentary
From the looks of the latest GDP and ISM Manufacturing reports, you’d be a fool not to believe the economy is in a V-shaped recovery.
On Friday, The Commerce Department reported that 4th quarter advanced real GDP grew at a 5.7% annual rate. That’s up from a 2.2% increase in the 3rd quarter.
This morning, The Insitute for Supply Management reported that their manufacturing survey for January came it at a 5 1/2 year high of 58.4.
Can we believe them? What are these numbers actually measuring? Why isn’t the market responding better to these blistering economic reports?
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One Response to “Blistering GDP and ISM Manufacturing Reports”
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I DO NOT BELIEVE A WORD THIS ADMINISTRATION SAYS. THE ONLY TRUE STATEMENT WAS THAT HE WOULD FUNDAMENTALLY CHANGE OUR COUNTRY. WE ARE ALMOST A COMMUNIST ORGANIZATION RUN BY COMMUNIST ORGANIZERS AKA THUGS.