Good. The market's DisaPpointed (slightly).
let's hope people take 1Q04 GDP at face value and don't realise that it's still pretty good at 4.2%. weakest part of the report (kind of) was inventories. this points to bigger growth next quarter too (when people start to restock).
i can see why inventories are weak. who's good at taking inventory? it's depressing. for example:
1 chewed up pen that only works when shaken
1 really bruised elbow
1 phone that needs a big paper binder to hold down the mute key (see exhibit below)
1 job that i don't particularly enjoy
3 unused napkins
4 advil liquid gels (time to reorder!)
1/2 protein bar
3 reports of other banks' research
10 people who think my name is "Lorraine"