The Bureau emphasized that the fourth-quarter advance estimate released today is based on
source data that are incomplete or subject to further revision by the source agency (see the box on page
4). The "second" estimate for the fourth quarter, based on more complete data, will be released on
February 29, 2012.
The increase in real GDP in the fourth quarter reflected positive contributions from private
inventory investment, personal consumption expenditures (PCE), exports, residential fixed investment,
and nonresidential fixed investment
that were partly offset by negative contributions from federal
government spending and state and local government spending. Imports, which are a subtraction in the
calculation of GDP, increased.
Difficulty of balancing a budget is creation of new laws that add cost to the operation of the gov. Catch twenty two one mess creates another.
Bank of Canada Governor Mark Carney said he’s concerned U.S. regulators’ recent efforts to prevent deposit-taking banks from trading with their own money could make markets less efficient.
The latest draft of the so-called Volcker rule looks like it might prevent banks from buying securities in the course of conducting trades for clients, Carney said in an interview with Bloomberg Television’s Erik Schatzker at the World Economic Forum in Davos, Switzerland.
Goldman Sachs, the fifth-biggest U.S. bank by assets, made 60 percent of its revenue from trading last year.
There are assorted banks perhaps problem lies in the definition of what type of bank? |
