Q1 GDP Growth Oozes up 0.1%

Slower exports and nonresidential fixed investments growth keep the economy at a standstill.

Apr 30, 2014 at 3:47PM

U.S. real gross domestic product oozed up at a seasonally adjusted annual rate of 0.1% for the first quarter of 2014, according to a Commerce Department report (link opens as PDF) released today. 

This advance estimate number roughly represents the economic growth in the U.S. from the fourth quarter of 2013 to the first quarter of 2014. Analysts had expected softer growth after fourth-quarter 2013 GDP growth clocked in at a strong 2.6%, but their 1.1% growth prediction proved overly optimistic. 

According to the report, the latest quarter's absolute GDP increase came primarily from a boost in personal spending. But slowing growth for exports and nonresidential fixed investments kept the improvements in check.

This latest report also publishes inflation numbers via the GDP Price Index. Inflation increased at a seasonally adjusted annualized rate of 1.4%, below both the fourth quarter's rate (1.5%) and analyst estimate for this quarter (1.7%). 

As this advance report is based on incomplete data, the second of three first-quarter 2014 GDP estimates will be released on May 29.

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4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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