My view too

“The strength reflects an expected bounce due to lower commodity prices and getting Japan back up and running,” says Mark Zandi, chief economist at Moody’s Analytics. “Growth would be measurably stronger if not for fallout from the debt ceiling debacle and European debt crisis. The economy’s fundamentals (balance sheet) are much improved, but growth will slow sharply early next year unless U.S. and European policymakers get a number of things roughly right in the next few weeks.”

Original source here, and please note that the good news consists of positive real shocks and the bad news consists of negative real shocks, not the other way around!

Comments

Comments for this post are closed