A closer look at the details of Friday's GDP report reveals that a massive inventory adjustment torpedoed the top-line number.
We got a lot of information, but little light on the direction of economic activity this week.
Economic news wasn't a disaster--just a little slower than expectations, which had gotten a bit out of hand.
Though they disappointed, results aren't quite as bad as they look.
Plenty of encouraging data flowed in for the last week of the year.
Hiring and the economy are at a tipping point.
Consumer, manufacturing, and business spending data remained surprisingly robust this week.
The data looked stunningly good across a range of indicators this week.
A strong October led to a disappointing November.
Consumer spending has been accelerating for more than a year, as we now enter the holiday shopping season.
Low inflation and improved incomes should lead to consumers opening their wallets a bit wider this holiday season says Morningstar's Bob Johnson.
Though it is a special case, Google's pay hikes pour cold water on the theory that every labor market will remain weak.
Both employers and employees want more hours--and it's keeping unemployment high.
This week's indicators showed steady improvement. Will more quantitative easing help the situation?
Corporate management's comments on orders and shipments have generally been very bullish, in sharp contrast to macroeconomic data that suggest the manufacturing growth boom is coming to a rapid end.
The long term looks good, but getting there will be a bumpy ride.
How could bad employment numbers help the market?
The market pivots higher on economic headlines, but the fine print is more worrisome.
Could growth accelerate in the second half of 2010?
The recession officially ended in June 2009...now what?
Consumer spending is the key to understanding which way the economy is headed.
The June trade deficit sank the last GDP report, but it may reverse itself.
Super-bulls and super-bears are both likely to be confounded by the economy's trajectory from here.
As bad as some of the numbers have been, the signs don't point to another recession.
While near-term growth may be weaker, there is no reason to give up on the U.S. economy, says Morningstar's Bob Johnson.
New higher savings rates mean the consumer has the wherewithal, if not the confidence, to spend more.
The recovery has been slower than expected, but it may also be longer and more sustainable, says Morningstar's Bob Johnson.
Stronger earnings reports trumped economic indicators this week.
It's far too early in the recovery to panic over a month or two of sloppy economic data.
The monthly game of expectations is not nearly as important as the well-established trend of continuing improvement in consumer spending.
Short-term data suggests weakness, but this recovery isn't down for the count.
The economic waters grow more treacherous.
A strong bounce off the bottom, a pause, and a reacceleration are more typical than one might expect.
Despite some weakness in recent indicators, there is still a lot of runway in front of the economy, says Morningstar's Bob Johnson.
The U6 takes an already badly lagging economic indicator and puts it even further behind the eight ball.
The bears are growling, but I'm not panicked yet, says Morningstar's Bob Johnson.
Before everyone jumps off a bridge, employment did actually register an increase.
The needle on the economic compass wanders as stocks ride the wild side.
Soaring tech sector revenues, nicely improving home improvement stores, and optimism in industrials all point to a strengthening economy.
Morningstar's Bob Johnson examines the possible direct and indirect side effects of Europe's debt ailments.
Fantastic economic news was for naught as the uncertainty surrounding the Greek debt situation overshadowed everything this week.
The recovery is slowing but still rolling.
The underlying strength in corporate earnings and consumer spending is just too hard to deny, says Morningstar's Bob Johnson.
The stock market has indeed come a long way during the last few weeks, making it vulnerable to the slightest disappointments.
News from the retail sector could not have been better for the economy.
The overall data flow this week was supportive of my 4.5% real GDP growth estimate for 2010.
...Except the stock market.
The economy is strong enough to tolerate somewhat higher interest rates.
Morningstar's Bob Johnson boosts his 2010 GDP forecast to 4.5%.
Conventional wisdom still puts the consumer firmly in a frugal, not-spending mode. It just isn't so.