Crazy GDP Economic Number … Friday

GDP (Gross Domestic Production) is a measure of output of the USA and is released on a quarterly basis. GDP gives us and idea of how the economy is doing.

First Quarter 2014 GDP (-2.9%) for the USA

With two quarters of ANY negative GDP being defined as a recession, the first  quarter of this year’s negative 2.9% stunned us as well as many other investor likes…. Here are the issues:

  • Clearly the harsh winter caused much of this
  • Are we missing something?
  • For the conspiracy theorists, did the adjustments in calculations cause this?
  • It’s a fluke !

Econoday GDP 6-25-14

Far right bar hanging very low …. bounce back next quarter?

Time will tell !!

Ahhh….but today is a Friday heading into a weekend. Do not forget to spend time with those special in your life…. We are almost half way through 2014 !!!

Have a Great Friday and a super weekend !

John A. Kvale CFA, CFP
8222 Douglas Ave # 590
Dallas, TX 75225



Filed under: Economy, Market Comments Tagged: Econoday, GDP

About the author

John Kvale

John A. Kvale CFA, CFP, is the founder of J.K. Financial, Inc. and with 22 years of industry experience is currently the president of J.K.Financial, a fee only financial planning and wealth management firm. J.K. Financial specializes in wealth management, adhering to unique approaches to investing in the capital markets. The company has a global presence, serving individual and institutional clients across the United States as well as several foreign countries.

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