Opening Bell: Economy Expands, But...
The Wall Street Journal, New York Times, and Financial Times all go big with news that the economy expanded--barely--in the first quarter, but most signs point to recession. Full Story »
Posted by Dale PennReview
While a good story, not enough time spent analyzing the effect of lower rates on inflation, growth, and especially exports. The falling dollar causing an increase in exports is an important growth effect. It is unfair to redefine "recession", to be whenever some elites say it is, rather than some more objective criteria -- 2 consecutive quarters of negative growth.
