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Q4 GDP -6.2%

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girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-09 09:04 AM
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Q4 GDP -6.2%
much worse than expected...

http://www.businessinsider.com/q4-gdp-revised-62-2009-2

Maybe Obama needs to hurry up and change his 3.2% growth assumptions for next year. After a first reading of 3.8%, one that was inflated by inventory, Q4 GDP estimates now indicate a decline of 6.2%

Anyway, between Citi and the rest it's looking like an ugly day, with pre-market indices down around 2%.
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