The latest GDP and personal income data have been widely praised for being “better than expected”, however, it is important to keep things in perspective. Expectations have become abnormally low as the recovery continues to be well below prior trend levels:
Source: St. Louis Fed
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.