Real Growth Depends on Innovation, Not Intervention

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For weekend reading, Gary Alexander, senior writer at Navellier & Associates, offers the following commentary: We got the bad news last week. Real U.S. gross domestic product (GDP) for the second quarter decreased at an annual rate of 0.9 percent, according to the first (“advance”) estimate by the Bureau of Economic Analysis (BEA). After an official -1.6 percent decline in the first quarter, that means we MAY be officially in a recession, if the second-quarter figure holds up in the next two releases. (The second estimate will be released on August 25, while the third and final release will ar…

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