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Politics : PRESIDENT GEORGE W. BUSH
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To: pompsander who wrote (759874)2/28/2007 4:01:05 PM
From: DuckTapeSunroof  Read Replies (1) of 769670
 
"GDP reported soft"

I'm betting that the 2006 4th. Q preliminary reported GDP number (was '3.5%') will likely be revised down to perhaps 2.0%... but the latest info, manufacturing and consumer spending from January, most likely came in lower then predictions simply because of the sudden onset of bad weather all over the place.

True, housing continues it's decline (but I regard that as 'expected info'), however I don't see evidence yet for any systemic slowing in GDP beyond what the true numbers for 4th. Q. likely are.

(Still... ain't '2%' slow enough?)
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