Friday, April 27, 2012

Roubini : GDP Growth in Q1 Disappointing

Nouriel Roubini : " Q1 GDP growth disappointing &, after 2 quarters of outsized inventory increases, a Q2 payback may occur. Final demand still up a poor 1.6% " says Nouriel Roubini in a twitter message today " For how long can consumption grow much faster than income and households run down their savings as income growth in Q1 was very mediocre? " " For how long can consumption grow at a 2.9% rate when real disposable income is growing only 0.4%? Not long as you can't keep cutting savings" he added in another message
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