Cries of Despair Induced by This Morning's Disappointing First-Quarter U.S. GDP Growth Report

Must-Read: Mark Magnier: China’s True Growth Is a Mystery; Economists Weigh the Clues: "China['s]... 7% figure... stirred fears of a deepening slowdown...

...raised fresh doubt about the trustworthiness of China’s own statistics.... Citibank... could be below 6%.... Capital Economics pegging the quarter at 4.9%.... Lombard Street Research at 3.8%.... China’s... figures are suspiciously smooth... methodology often appears inconsistent or contradictory.... Economists point to the discrepancy between headline GDP growth and industrial production... weaker recent readings for electricity consumption, investment, industrial profits, manufacturing output and real-estate investment, among others...

http://www.wsj.com/articles/chinas-true-growth-is-a-mysteryeconomists-weigh-the-clues-1430071125

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