How often have you sat down on a Saturday night and watched COPS? My favorite excuse is when I hear "it wasn't me, I didn't do it" coming from the mouths of the people who we just watched DO IT. The intent was never for it to be a comedy show although the actors certainly portray that scenario frequently.
Towards the end of May we were treated to some U.S. economic data that leaned into some signs of weakness in April's stats. There are always plenty of excuses for the hows and why this can happen but the list topper was "unusually bad winter weather". In my elementary school days I think a pass directly to the Principal's office would have been the response to this reasoning of poor performance. Other factors included a strong dollar and lower energy prices (head sinks in sadness). Please tell me what I'm missing?
The Gross Domestic Product, aka GDP, was virtually stagnant at .2% which conveeted to a 1% annualized growth. The economic expectations continue to erode after equalizing in actual performance in February. The slide was 3% in March, 4% in April and 6% in May. On the bright side this tends to bring happy thoughts of a cool but long Summer. Can't wait to see how that kind of weather affects our economy!
Don't Worry Baby