'Less Bad Is The New Good' With U.S. GDP Numbers
Gross domestic product numbers in the United States were bad but not horrible in the second quarter of 2009, and Thunderbird Professor F. John Mathis calls that good news. "All these things really reflect a slowdown in the deterioration of the U.S. economy," Mathis said. "So that's good." He said the U.S. economy may see positive numbers in consumer spending, exports and business investment by the end of the year. "We may actually get some positive numbers next quarter," he said. Mathis spoke July 31, 2009, on Financial News Radio's "Business for Breakfast" with Ken Morgan and Julie Dougherty.