Three charts showing the US Economy is just fine

The official US GDP data is due on April 29. It’ll be bad, but there’s no reason to freak. After all, the US also had a frosty first three months of 2014, and then things rebounded. Growth for the year came in at 2.4%, not sizzling, but not horrific by recent standards. There’s plenty of indication that we’ll see a similar pickup in growth after this year’s first quarter. Here are three points illustrated via the charts below 1) Sales of existing homes, the vast majority of American housing purchases, surged to an 18-month high in March 2) Mexico reported a sharp March rebound in exports of its manufactured goods, the vast majority of which flow to the hegemon north of the border. 3) Likewise, non-oil exports in Canada are expected to get a boost from the strength of the US economy, and the relative weakness of the Canadian dollar. Canadian consumer goods exports have already surged. Full article on Quartz: (VIEW LINK)


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