“I’m a big believer that life is a crapshoot,” Joshua Shapiro says. “There are so many random things that affect your life.”
One closely-watched measure of consumer confidence unexpectedly fell in June to a three-month low, highlighting a split in attitudes that is holding back the U.S. economy.
The harsh winter sent a chill through the U.S. economy in the first quarter as slumps in business investment and home construction stalled growth.
The U.S. manufacturing expansion accelerated in March, driven by gains in production and orders, in the latest sign that the economy is shaking off its winter doldrums and building momentum into the second quarter.
Spending at U.S retailers held steady in April after a surge in the previous month that put economic growth on track to pick up in the second quarter.
"We would not expect them to decline much, if any, further."
- Joshua Shapiro on Aug 07, 2014
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