Four times a year, the U.S. Department of Commerce serves up the big number that tells us how much we are producing as a country. U.S. second quarter GDP grew more than economists had expected. That doesn't make it good.
The U.S. government has confirmed that the economy grew 3 percent last quarter, and that could mean that the U.S. economy and the European economy are going to diverge this year as the U.S. grows and Europe shrinks.
A respected JP Morgan analyst has claimed that it is a sure thing that the Chinese economy will be coming in for a "hard landing," at 6 percent growth.