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davejh23 (< 20)

March 2011

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Q1 GDP Estimates Being Cut Daily...

March 30, 2011 – Comments (0) | RELATED TICKERS: DE , CLI , NE

Q1 2011 is practically over and people are just now getting around to lowering their GDP growth estimates for the quarter?  Just in the last 3 days, I've read of at least 5 groups that have slashed their estimates...one estimate was slashed by nearly 50%.  Just a couple months ago, it seemed like every bank, economic research group, etc... was doubling their full year growth estimates.  What happened?  All of these updated estimates are below the reported rate of inflation.  I'm sure you're aware that the GDP formula doesn't adjust for inflation...so, real GDP for Q1 is expected to be negative!...nevermind the fact that it's taking deficit spending of 10% of GDP to produce this modest contraction.    [more]

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Stocks Rise on Improving Economic Reports!

March 28, 2011 – Comments (0)

http://finance.yahoo.com/news/Consumer-spending-and-incomes-apf-1018295275.html?x=0&sec=topStories&pos=2&asset=&ccode=

This article shows that incomes rose in February...except for the fact that they didn't.  Take home pay received a boost from a Social Security tax cut, but incomes did not increase.  Looking at take home pay and accounting for inflation, incomes fell in February.    [more]

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