US: Q1 GDP A Stinker, But Not A Shocker
The US Q1 GDP numbers released yesterday were, bluntly put, a horror show. They were not, however, wholly unexpected by yours truly — I had expected a slightly better but still dismal outturn compared with Q408′s -6.3% q-o-q annualised number. And that’s basically what we got: a -6.1% reading. Have a look at the underlying… [Read more]