Sunday, April 1, 2012

DailyMarkets.com - Forth Quarter GDP–Not As Good As It Sounds

DailyMarkets.com - Forth Quarter GDP–Not As Good As It Sounds

Forth Quarter GDP–Not As Good As It Sounds

Posted: 01 Apr 2012 03:03 PM PDT

Unlike Wagner's music, the fourth quarter GDP numbers are not better than they sound. They are worse, in fact, and the third and final estimate, out last week, didn't improve them any.
The second and third estimates both had real GDP growing at an annual rate of 3 percent in the fourth quarter, the largest growth rate of last year. Unfortunately, they also both showed that inventory accumulation, a.k.a "inventory investment" accounted for almost two-thirds of the growth. Removing the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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