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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Wally Mastroly who wrote (12090)2/25/2000 8:38:00 AM
From: Wally Mastroly  Read Replies (3) of 15132
 
4Q GDP- numbers all higher than expected: Q4 GDP REVISED TO 6.9%, HIGHEST IN 12 YEARS

08:33 Q4 INVENTORIES ADDED 1.3% TO GDP

08:33 Q4 GOVERNMENT SPENDING UP 9.2%

08:33 Q4 CONSUMER SPENDING UP 5.9%

08:30 ECONOMISTS SEE Q1 GDP SLOWING BY HALF FROM Q4'S 6.9%

08:30 Q4 GDP REVISIONS REFLECT HIGHER CONSUMPTION, EXPORTS, GOVERNMENT SPENDING

08:30 GDP PURCHASES DEFLATOR 2.3%, PCE DEFLATOR 2.5%

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Some details from bloomberg:

bloomberg.com

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Comment:

A quick look indicates the possibility that a spike in government spending + some Y2K inventory purchases could have made the 4Q numbers look a little higher.
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