All Signs Point To Ongoing Weak Economy
Jun 2nd, 2008 | By Dawn R. Rivers | Category: EconomyA recent WSJ.com interview of Lynn Franco, director of the Conference Board’s Consumer Research Center, turned out to be a vivid illustration of how economic pundits are flexing their creative muscles finding out how many ways there are to say, “The economy sucks.” Beyond a slightly higher level of anemic growth in the first quarter — the Commerce Department announced last week that first quarter GDP grew at 0.9%, rather than the 0.6% advance estimate — there was nothing in the economic data to hint at improved growth coming our way as we limp into the third quarter of this year. As Americans are forced to re-learn to live within their means, a period of painful adjustment is in store. Micros should expect it, plan for it and figure out how best to ride it out.
