Economic Insights – July 2014

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

Despite reports about the -2.9 percent annual growth rate for real GDP in the first quarter, the major stock indexes all continued to reach new highs. This clearly means that investors don't see the first quarter results as a harbinger of future disaster.

To understand this, let's take a quick look at why we saw such a big drop in real GDP.

First, much of the U.S. was slammed with unusually harsh winter weather in the first quarter. In addition, when the .....