Jan Hatzius was on CNBC earlier today to discuss a new economic growth metric that Goldman Sachs is utilizing. According to Goldman, this index is superior to the government’s GDP metric as it measures a broader array of data. What is it telling us right now? Hatzius explains:
“The reason why we think it’s useful to look at as one — one part of the tool kit is that it takes into account a broader range of information than just gdp. And right now it says that growth in the first quarter is probably stronger than whatever the government is going do publish at the end of this month.”
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.