Tim Duy: A Lackluster Start to the Year: “Incoming data… disappoint[s]…. Part of the blame should fall on overly optimistic interpretations of data patterns at the end of 2013. In particular, the recently downwardly revised GDP numbers were less than spectacular abstracting away from inventory effects. Looking at real final sales, I see slow and … Continue reading Afternoon Must-Read: Tim Duy: A Lackluster Start to the Year