One of my least favorite indicators is GDP, because of the super aggregation of the number and the problem of collecting quality data.
Nevertheless analysts will focus on this number, Today, real gross domestic product (GDP) grew at an annual rate of 1.6 percent in the second quarter of 2010. This is the second estimate--the first estimate was 2.4%. This follows a growth rate of 3.7 percent in the first quarter.
The exact number is not as important to look at as the trend, and the trend is clearly down, indicating the significant problems in the economy as a result of a knee-jerk Fed money manipulation policy and the uncertain regulatory environment for business.
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