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US economic growth looking ok [ClearOnMoney]
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US economic growth looking ok

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Commentary

US economic growth looking ok

28 Apr 2012 by Jim Fickett.

When Q1 GDP was reported on Friday most of the headlines were negative. But in fact the larger trend still looks fine. Note in particular that private demand shows no deceleration and that GDI through Q4 still looks quite good after another round of revisions:

The Aruoba-Diebold-Scotti index of current conditions, taking into account data through Friday, is showing slightly below average conditions, but well within a normal range, and in an improving trend. I still remain very skeptical of those who think they see deteriorating conditions in current US data.