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1 Q US GDP growth is estimated at an annualized rate of 3.0 percent, of which more than half is accounted for by increases in private business inventories, according to the US Bureau of Economic Analysis. Restocking the shelves is fine if sales are increasing, but today's reports are that consumer spending in the US is flat. I don't actually think we're on the verge of the dip in the double dip recession-- reads more like a crater to me, but then I'm an incurable optimist. ________________________________________________ Send list submissions to: Marxism@lists.econ.utah.edu Set your options at: http://lists.econ.utah.edu/mailman/options/marxism/archive%40mail-archive.com
