LWW
11-24-2009, 08:04 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">The Commerce Department's new reading on gross domestic product wasn't as energetic as the 3.5 percent growth rate for the July-September period estimated just a month ago.
The main factors behind the downgrade: consumers didn't spend as much, commercial construction was weaker and the nation's trade deficit was more of a drag on growth. Businesses also trimmed more of their stockpiles, another restraining factor.</div></div>
I said the 3.5% growth number was a cooked one when it was released.
Turns out ... it was.
OOPSY! (http://apnews.myway.com/article/20091124/D9C5UBSO2.html)
LWW
The main factors behind the downgrade: consumers didn't spend as much, commercial construction was weaker and the nation's trade deficit was more of a drag on growth. Businesses also trimmed more of their stockpiles, another restraining factor.</div></div>
I said the 3.5% growth number was a cooked one when it was released.
Turns out ... it was.
OOPSY! (http://apnews.myway.com/article/20091124/D9C5UBSO2.html)
LWW