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Take The 1Q2016 Economic Growth With A Grain Of Salt
March economic growth came in at just one-half of 1% percent, this past week, but that take number with a grain of salt. The economy is better than the GDP number would have us believe. Although the first quarter GDP growth was just one-half of 1%, in early April, The Wall Street Journal surveyed approximately 70 economists for their quarterly GDP growth forecasts through 2016, and the consensus forecast is for strengthening in the rate of GDP growth for the quarters immediately ahead. The 70 economists surveyed in early April predicted an average annual growth rate of 2.4% quarterly GDP growth in 2016.more >

Stocks Little Changed For The Week, As Leading Economic Indicators Rose
The index of leading economic indicators (LEI) increased two-tenths of 1% in March following a one-tenth of 1% decline in February, and a decline of two-tenths of 1% in January. "With the March gain, the U.S. LEI's six-month growth rate improved slightly but still points to slow, although not slowing, growth in the coming quarters," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board, which maintains the LEI index. "Rebounding stock prices were offset by a decline in housing permits, but nonetheless there were widespread gains among the leading indicators. Financial conditions, as well as expected improvements in manufacturing, should support a modest growth environment in 2016."more >

The Truth About The Earnings Recession
Financial headlines in April have been grim. Within one week, CNN Money, The Motley Fool, and The Wall Street Journal all featured prominent articles warning of an earnings recession. However, the financial media and Wall Street pundits are about as good with presenting facts as politicians.more >

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Darren Miller swimming
Trustmont sponsors Darren Miller as he swims the straits and raises awareness for open-heart surgery in infants and children. darren-miller.com >>

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