Industry NewsMarkets & Economy

Money madness: the economy’s new gold standard

Commentary: Inflation should not be a prime worry for U.S.
Published on Apr 29, 2011

Watch Connect NYC 2017 Live
Tune in live as the best and brightest explain how to execute and grow your business from the main stage of Connect.

We have a truly splendid outbreak of spring fever in the markets and media, the infected running about in circles, yelling "Inflation! Money-printing! Dollar crashing!"

Before rounding them up, a moment for the economy: inbound data are on the weak side. First-quarter U.S. gross domestic product, expected everywhere (until March) to be in excess of 4 percent growth, maybe 5 percent, arrived at 1.8 percent.

Net of distortions, probably closer to 2.5 percent, but not going anywhere -- certainly not fast enough to absorb labor or houses. Orders for durable goods did rise 1.2 percent in March, with manufacturing continuing as the one bright spot.

The Standard & Poor's/Case-Shiller index found falling home prices in February (Again. Duh.)

Comments