The data continue to reflect a weak economy with GDP
growth the size of a rounding error. Zero growth in productivity and sinking
profitability point to a dicey environment for stocks and commodities. But good news for bonds.
Growth in employment is just enough to produce the bare needs of those employed. No wealth is added to the national pie, however, due to the dismal productivity figures.
The business cycle is alive and well.
Details will be discussed in depth in the next issue of The Peter Dag Portfolio.
You will encourage my timely update of this blog on the economy and financial markets by entering a subscription to The Peter Dag Portfolio.
Thank you for visiting this site.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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