And what did Jeffry Bartash mean when he referenced the “first quarter shocker?” His ‘shocker’ was the first quarter plunge in GDP, decreasing at an annual rate of 2.9%. And why was this a shock? I’m really not sure. I guess Bartash and many Wall Street types, including economists, were in hibernation during the cruel…
Tag: jeffry bartash
Session 105–It’s Demographics, Stupid!
It’s Friday May 2, 2014 and we get good news on the employment front. The unemployment rate has dropped to 6.3% from 6.7%…the lowest since the fall of 2008. The bad news is that one of the reasons for this precipitous drop is that there was a big jump in the number of people who…