[BeauBo]

He estimates that without those temporary fluctuations in inventories, and other factors (which are all likely to normalize or reverse in Q3), we would have been closer to 4% growth than 2%.

Inventories will likely have to re-stock because of the exceptional growth in consumer wealth and enthusiasm. Trade balance will likely improve as the interest rate cut adjusts the dollar - and the rate cut itself, as well as ending quantitative tightening will also stimulate growth in a few ways.

0.4% came off of growth last quarter, just from the Boeing 737 Max being put on hold - a one time hit.

He also anticipates the USMCA coming up for a ratification vote in September, where it will almost certainly be approved.

[Vendome]

He also didn’t include the unusually long winter which contributed to slower construction starts and other seasonal attributions to this quarter...

[Migraine]

If a smarter woman exists anywhere, I ‘d like to know.