Friday, February 20, 2015

Blame the weather, blame the snow

It is so silly.  These corporate suits blaming the winter weather every year.  Blaming the snow for poor economic numbers is like blaming sunshine for global warming.

It will end when it ends.   Till then, the bullshit continues.

"We think that negative snowstorm effects could potentially subtract as much as half a percentage point from Q1 growth compared with a neutral baseline, although there is still plenty of time for activity to bounce back within the quarter. In light of our analysis, we reduced our Q1 GDP tracking estimate by two-tenths to +2.8%."
- Goldman Sachs

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