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Economic bad news. Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 1.5 percent in the second quarter of 2012, (that is, from the first quarter to the second quarter), according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.0 percent. Slow down, and weakening economy.I have in my hands a letter from a prospective client. I quote: "I will not make a decision until after the November election. Thank you for your proposal." I called him back, and clearly he's holding onto his money, wanting to know whether the economy will continue as it is, in which case he should hold on to what he has, or whether the economy will loosen and grow under new management.Don't think Barack Obama affects business? Yeah right. I live it daily. |
by Brett Rogers, 7/27/2012 11:50:08 AM
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