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Old 01-29-2010, 07:32 AM
 
Location: Florida
73,521 posts, read 40,774,956 times
Reputation: 13599

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GDP data show 5.7 percent rate in Q4, a quicker pace than expected

Economy grows at fastest pace in 6 years - Stocks & economy- msnbc.com

The economy grew at a faster-than-expected 5.7 percent pace in the fourth quarter, the quickest in more than six years, as businesses made less-aggressive cuts to inventories and stepped up spending.

The Commerce Department said on Friday its first estimate put fourth-quarter gross domestic product growth at its fastest pace since the third quarter of 2003. The economy expanded at a 2.2 percent annual rate in the third quarter.
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Old 01-29-2010, 07:36 AM
 
Location: Raleigh, NC
20,003 posts, read 17,015,997 times
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For a look into the methodology behind the numbers, the government has provided this very informative video:


http://www.youtube.com/watch?v=yiJ9fy1qSFI
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Old 01-29-2010, 07:37 AM
 
Location: Chicago, IL
8,998 posts, read 13,890,938 times
Reputation: 3544
I'll be happy when there is some positive news about jobs.

WHERE ARE THE JOBS??!!
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Old 01-29-2010, 07:37 AM
 
Location: Florida
73,521 posts, read 40,774,956 times
Reputation: 13599
- In the last three months of 2009, consumer spending increased at a 2 percent annual rate

- Business investment in the fourth quarter grew for the first time since the second quarter of 2008 as the drag from the troubled commercial real estate was offset by robust spending on equipment and software.
Business investment rose at a 2.9 percent rate after falling 5.9 percent over the previous three-month period.

- Export growth outpaced imports, leaving a trade gap that contributed half a percentage point to GDP growth in the last quarter.
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Old 01-29-2010, 07:38 AM
 
Location: Raleigh, NC
20,003 posts, read 17,015,997 times
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GDP surges 5.7% on inventory slowdown. Fastest growth in 6 years, but spending, investment still weak

Please refer to video above for further detail.
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Old 01-29-2010, 07:40 AM
 
Location: Florida
73,521 posts, read 40,774,956 times
Reputation: 13599
Quote:
Originally Posted by summers73 View Post
Please refer to video above for further detail.
I was hoping for serious commentary, so I don't appreciate you spamming the thread.
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Old 01-29-2010, 07:43 AM
 
Location: Raleigh, NC
20,003 posts, read 17,015,997 times
Reputation: 3786
Quote:
Originally Posted by Finn_Jarber View Post
I was hoping for serious commentary, so I don't appreciate you spamming the thread.
Aww...poor baby. Hey if you can't laugh at the failed economy anymore, what's this world come to?

Considering the amount of "Obama's fault" and "Bush's fault" that flies repeatedly among many on CD, I'll take that with a grain of salt as large as my house.
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Old 01-29-2010, 07:45 AM
 
Location: Long Island
28,455 posts, read 16,370,299 times
Reputation: 7912
Economy grows at fastest pace in 6 years


due to policies placed in effect 3 years ago....thank you george bush

obama policies havent even full gone into effect, HIS FIRST budget just took effect 30 days ago
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Old 01-29-2010, 07:47 AM
 
Location: Raleigh, NC
20,003 posts, read 17,015,997 times
Reputation: 3786
Just Obama's presence in the white house was enough to scare the economy into recovery, like a bad Chuck Norris joke.
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Old 01-29-2010, 07:48 AM
 
4,182 posts, read 6,120,506 times
Reputation: 1727
Quote:
Originally Posted by PurpleLove08 View Post
I'll be happy when there is some positive news about jobs.

WHERE ARE THE JOBS??!!
Jobs are a lagging indicator. Always have been.
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