the underlying economy is doing well. the u.s. is doing relatively well. the u.s. is simply in a better place. yes, gdp was higher, but the devil is in the details. you have to strip out all of the noise of trade and inventories. inventories and trade, that is not indicative of the underlying economy. underlying demand was weak. business investment, pce cooled. definitely a deceleration from where we were last year. nowhere close to recession. jonathan: join me around the table is matt hornbeck, greg london, ian from steely. ian, let s begin with what must be the most hated 3% rate of gdp in america in recent memory. why? we have stocks up, treasuries up, but everyone seems to like it on the markets side. it is one of those, you beat expectations, but the mix of it was not great. it shows what people have been saying, we are in the slow trend like growth environment, which is good for all assets to why asset markets are up-to-date. on a gdp if i said 3% print, w
the u.s. is doing relatively well. the u.s. is simply in a better place. the economy has continued to grow. yes, gdp was higher, but the devil is in the details. you have to strip out all of the noise of trade and inventories. inventories and trade, that is not indicative of the underlying economy. underlying demand was weak. business investment, pce cooled. the u.s. economy is decelerating. definitely a deceleration from where we were last year. nowhere close to recession. jonathan: joining me around the table is matt hornbeck, greg staples, and from london, ian steely. ian, let s begin with what must be the most hated 3% rate of gdp 3% read of gdp in america in recent memory. why? you say it is the most hated, we have stocks up, treasuries up, but everyone seems to like it on the markets side. it is one of those, you beat expectations, but the mix of it was not great. it shows what people have been saying, we are in the slow trend -like growth environm
economy. the underlying economy is doing well. the u.s. is not doing poorly. the u.s. is doing relatively well. it looks reasonably stable. the u.s. is simply in a better place. the economy has continued to grow. yes, gdp was higher, but the devil is in the details. you have to strip out all of the noise of trade and inventories. if it is inventories and trade, that is not indicative of the underlying economy. the underlying demand was weak. business investment, pce cooled. the u.s. economy is decelerating. definitely a deceleration from where we were last year. but, you know, nowhere close to recession. jonathan: joining me around the table is matt hornbeck, greg staples, and from london, iain steely. iain, let s begin with what must be the most hated 3% read of gdp in america in recent memory. why? iain: you say it is the most hated, but we have stocks up, treasuries up. everyone seemed to like it on the markets side. it is one of those, you beat exp
great gdp, great low inflation. better fundamentals. the underlying economy is doing well. the u.s. is doing relatively well. it looks reasonably stable. the u.s. is simply in a better place. the economy has continued to grow. yes, gdp was higher, but the devil is in the details. you have to strip out all of the noise of trade and inventories. if it is inventories and trade, that is not indicative of the underlying economy. the underlying demand was weak. business investment, pce cooled. the u.s. economy is decelerating. definitely a deceleration from where we were last year. but, you know, nowhere close to recession. jonathan: joining me around the table is matt hornbeck, greg staples, and from london, ian steely. ian, let s begin with what must be the most hated 3% read of gdp in america in recent memory. why? you say it is the most hated, but we have stocks up, treasuries up. everyone seemed to like it on the markets side. it is one of those, yo
well. it looks reasonably stable. the u.s. is simply in a better place. the economy has continued to grow. yes, gdp was higher, but the devil is in the details. you have to strip out all of the noise of trade and inventories. inventories and trade, that is not indicative of the underlying economy. underlying demand was weak. business investment, pce cooled. the u.s. economy is decelerating. definitely a deceleration from where we were last year. nowhere close to recession. jonathan: joining me around the table is matt hornbeck, greg staples, and from london, ian steely. ian, let s begin with what must be the most hated 3% read of gdp in america in recent memory. why? you say it is the most hated, we have stocks up, treasuries up, but everyone seems to like it on the markets side. it is one of those, you beat expectations, but the mix of it was not great. it shows what people have been saying, we are in the slow trend-like growth environment, which is good