Silver as an investment

Consumer Metrics Institute: “Is It 2007 Once Again?”

by John Rubino
Dollar Collapse

The Consumer Metrics Institute is out with commentary on the latest GDP revision. Here’s an excerpt:

As we noted last month, on the surface a 2.38% annualized growth rate at nearly full four years into a recovery is good news — and a growth rate that many other global economies would currently be pleased to be reporting. And looking at the details provides us with some reasons for optimism:

– Consumer spending was sustained in spite of tax increases,

– Fixed investments continued to grow (although at a slower pace than in the prior quarter),

– Exports were still growing (slightly) after the prior quarter’s of contraction.

But one overriding issue in the data continues to suggest a reason for caution:

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