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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Haim R. Branisteanu who wrote (12506)	9/29/2004 5:27:07 PM
From: mishedlo	Read Replies (1) of 116555

hold the presses... the headline got changed, i kid you not.... ----------------------- previous headline: Economy Grows at Weakest Rate in Over Year story.news.yahoo.com new headline: Economic Growth Better Than Thought WASHINGTON (Reuters) - The U.S. economy grew faster in the second quarter than previously thought as business inventories rose at the strongest rate in four years, the government said on Wednesday, a sign the soft patch was not as soft as feared. U.S. gross domestic product -- the measure of total output within the nation's borders -- expanded at a revised 3.3 percent annual rate in the April-June second quarter. That was up from a 2.8 percent rate the government estimated a month ago but still slower than the first quarter's 4.5 percent rate, and the most sluggish rate of GDP (news - web sites) advance since the first quarter of 2003.

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