Economic Update

After my post yesterday the Commerce Dept. came out with new numbers that supported my conclusions.

Specifically GDP stalled out in the second quarter of this year to a measley 1.5% growth.  The first quarter was updated to 2.0% (from 1.9%) while the fourth quarter of last year was a barn-burning 4.1%.

At the end of December of 2011, thinks were looking pretty good.  However the last 6 months has brought an increased slowing due primarily to international events, continued weakness in housing and construction and that we are in campaign season for the Presidency.

Here’s an article about the GDP revisions.  http://economywatch.nbcnews.com/_news/2012/07/27/12988841-us-economys-growth-rate-slows-in-2nd-quarter?lite

About Joe Schmitz

Joe Schmitz has been involved in equipment leasing and finance for over two decades. Joe has a special area of expertise in the fitness industry, having placed funding in excess of 100 million dollars for small to medium sized health clubs, Joe has also funded general equipment projects throughout the United States. Currently one of approximately 200 Certified Lease Professionals (CLP) in the United States.
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