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Welcome to the Two-Speed Economy
November 11, 2013 at 21:00 PM EST
Russ explains why the U.S. economy is starting to look like a two-speed economy and what this means for investors. The United States is starting to look like a two-speed economy. As I write in my latest weekly commentary, last week’s economic data paints a very mixed picture of the U.S. economy. On the positive side, all the manufacturing data – including the ISM National Survey and the regional surveys – came in much stronger than expected, with new orders looking solid. In other words, U.S. manufacturing looks stable, or is even expanding. At the same time, U.S. job growth, and by extension consumption, remain muted. While the October jobs report won’t be out until Friday, last week’s private ADP employment survey came in weaker than expected, and as has been the case most of the year, slow job growth continues to be associated with low confidence and lackluster retail [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Russ explains why the U.S. economy is starting to look like a two-speed economy and what this means for investors. The United States is starting to look like a two-speed economy. As I write in my latest weekly commentary, last week’s economic data paints a very mixed picture of the U.S. economy. On the positive side, all the manufacturing data – including the ISM National Survey and the regional surveys – came in much stronger than expected, with new orders looking solid. In other words, U.S. manufacturing looks stable, or is even expanding. At the same time, U.S. job growth, and by extension consumption, remain muted. While the October jobs report won’t be out until Friday, last week’s private ADP employment survey came in weaker than expected, and as has been the case most of the year, slow job growth continues to be associated with low confidence and lackluster retail [...]
