Economic Insights – August 2014

Let's take a look at the U.S. economy and what lies ahead.

The 2.9 percent drop in real GDP during the first quarter was a fluke caused by a brutal winter and some one-off events. With much of the monthly data in for the second quarter, it looks like the U.S. saw that drop almost completely reversed in the second quarter.

Normally, we would expect a bigger bounce as pent-up demand (lost to the weather) returned and added to growth already underway. But not this time.

In recent years, tax rates have been hiked, regulations.....