Topic: Is There An Educated Economist Here? | |
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How exactly with the media telling us we are all doomed and the economy is failing can we have Q3 GDP Growth sour at 4.9% meeting all estimates?
Read the full Nasdaq article here: http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20071220\ACQRTT200712200930RTTRADERUSEQUITY_0636.htm&selected=9999&selecteddisplaysymbol=9999 In the report it says that in 2003 the same quarter the growth was at 7.5 percent, and they said that the reason behind the similiarities to that this year is because of the real estate market? So, all the real estate market, imports and such, are only causing a 2.6% decline? That is absolutely incredibly, especially when all the polls said consumers were going to spend less this year and in actuality, and in fact consumer spending is up. |
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