U.S. Economy May Have Shrank in the 1st Quarter by 0.5% or more. Good article though I disagree with the conclusion. http://nyti.ms/1EOmyYE
@VanceGinn sigh. Imports don't "subtract from economic growth". It's simply part of the GDP accounting identity.
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@scottlincicome Agreed, but the gov't stat feeds expectations. Slower job growth, lower cons conf, drop in prod, etc. indicate slowing eco. -
@VanceGinn yep. I just wish our journos wld stop feeding the myth. Dare to dream, I know. :-)
Fin de la conversation
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RTS. You didn't read the article, did you?