The First Quarter revision was driven by bad weather, one of the worst winters on record. There are volatile numbers such as inventory numbers. We really view the First Quarter in the rearview mirror. We looked at more current indicators manufacturing, auto, consumer confidence, housing. We agree with the forecast that there will be a rebound and we are going to have a solid quarter the rest of the year. 4 . It is hard to project. We are not forecasters per se. When we talk to businesses about their hiring and of back logs and their sales, they are pretty decent. There is more to do. The imf lowered the long term growth of the United States to 2 and cited an aging workforce and mediocre productivity. As i said, theres a lot we could do to celebrate. We believe theres a lot to do given our position in the global economy. We are really well position the global economy. We have 15 of the 25 top universities and the most productive workforce. Multiple times more productive than china. We h
Is that achievable . The First Quarter revision was driven by bad weather, one of the worst winters on record. There are volatile numbers such as inventory numbers. We really view the First Quarter in the rearview mirror. We looked at more current indicators manufacturing, auto, consumer confidence, housing. We agree with the forecast that there will be a rebound and we are going to have a solid quarter the rest of the year. 4 . It is hard to project. We are not forecasters per se. When we talk to businesses about their hiring and of back logs and their sales, they are pretty decent. There is more to do. The imf lowered the long term growth of the United States to 2 and cited an aging workforce and mediocre productivity. As i said, theres a lot we could do to celebrate. We believe theres a lot to do given our position in the global economy. We are really well position the global economy. We have 15 of the 25 top universities and the most productive workforce. Multiple times more produc
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