This week's GDP report now makes my original full-year 2.0%-2.5% GDP forecast a real possibility, writes Morningstar's Bob Johnson.
Maybe investors have realized that the best growth prospects remain in the United States
A sharp downward revision to first-quarter GDP will have many economists reaching for their erasers, but I'm taking a wait-and-see approach, writes Morningstar's Bob Johnson.
When examined more carefully, the economy seems to be picking up a little bit of steam.
Shopping center data hit new highs, auto sales broke all expectations in June despite strong headwinds, and pending home sales made one of their biggest jumps in the recovery.
U.S. homebuilding starts are falling with the temperature, but they should thaw in spring, writes Morningstar's Bob Johnson.
Underneath all the changes in the fourth-quarter GDP data, the U.S. economy is still the same slow-moving ocean liner.
After some truly horrendous data in December, January, and February, the economy needed its recent show of strength just to get back to the trend line.
Additional oil and gas production and shipments explain why the trade deficit has held steady or even improved amid the recovery.
The period you examine makes a relatively large difference in guessing what the economy's true trend is.