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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 457.82

+1.3%

Jan 23 4:00 PM EST

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To: Snowshoe who wrote (46903)	2/27/2009 3:43:48 PM
From: elmatador	Read Replies (1) of 219714

In many countries reality ha snot yet settled in. People are not yet aware of the fall. The first-quarter G.D.P. report may be as ugly at the one for the fourth quarter Auto Sales Down? Again? Today’s report on fourth-quarter gross domestic product is old news. It was clear the 3.8 percent decline previously reported had to be reduced, in part because exports were so weak in December. It came in at a 6.2 percent decline in today’s revision. What is news is that Ford said February car sales are going to be lower than January. The fourth-quarter number — an annual rate of around 10.3 million vehicles — seemed very low, but the January figure of 9.5 million was much worse. And now February is even lower? What that says is that this recession is showing no signs of easing. Add in Thursday’s report on new home sales, and you get a picture of an economy that has stalled. The first-quarter G.D.P. report may be as ugly at the one for the fourth quarter.

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