BLOOMBERG Political Capital With Al Hunt June 29, 2014
The First Quarter revision was driven by bad weather, one of the worst winters on record. There are volatile numbers such as inventory numbers. We really view the First Quarter in the rearview mirror. We looked at more current indicators manufacturing, auto, consumer confidence, housing. We agree with the forecasters that there will be a rebound and we are going to have a solid quarter the rest of the year. 4 . It is hard to project. We are not forecasters per se. When we talk to businesses about their hiring, back logs and their sales, they are pretty decent. There is more to do. The imf lowe...