Revised figures for US GDP
growth in the first quarter of 2014 show the economy actually shrank (- 1 %).
But the trend line is still up, and experts don't think this points to
new problems.
Fed's Lacker: Expect a positive GDP reversal in the second quarter.
The European Central Bank cut its deposit rate below zero
and said it would announce further measures later today.
President Mario Draghi reduced the deposit rate to minus 0.10
percent from zero, making the institution the world’s first
major central bank to use a negative rate.
U.S. Stock-Index Futures Gain on ECB Policy Action (bloomberg)
Home prices decelerate, but that doesn't spell end to US housing recovery (bloomberg)
Retail sales slow, but growth outlook still upbeat (reuters)
Meanwhile, in Europe, they can't seem to get with the program: (Stupid furners)
"US economy goes into reverse as fears grow over recovery"
Deutsche Bank Economist Smashes The Myth That A Big Recovery Is Right Around The Corner
When most of the gains of growth are going to a small slice at the top, little of the money is spent
By Edward Luce Financial Times
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