A Few Observations on the U.S. GDP Report
This post by larrygreenberg has been reprinted from Currency Thoughts.
Comments OffAnalysts had anticipated slower economic growth in the final quarter of 2012 but not a 0.1% annualized contraction of GDP. The politician/layman’s definition of a recession requires two straight quarters in which real GDP shrinks. The more technical requirements of the economists entrusted with dating economic downturns looks at monthly data for such things as [...]
larrygreenberg @ January 30, 2013