on the other hand i understand that immediately after the olympics mr putin shall do something for the ethnic russians of Ukraine....sure looks like that a new cold war is starting, and if so, should energize the markets...
Right on the beam on that one Jack, it certainly did come into play today, market's hit new highs with all such positive data out, this should postpone tapering for a while longer, things should get even better when the spring revolutions hit <bg
As expected, Q4 GDP growth was revised down. According to the Bureau of Economic Analysis, GDP grew at a 2.4% rate, down from 3.2%. Personal consumption growth was slashed to 2.6% from an earlier estimate of 3.3%; economists were looking for 2.9%. However, the biggest drag to growth continues to be government spending, which is negative. Meanwhile, the core PCE deflator, an important measure of inflation, was revised up to 1.3% from 1.1%. Jobless claims increased by 14,000 to 348,000 in the week ended Feb. 22, exceeding all forecasts in a Bloomberg survey and the highest level in a month, from 334,000 in the prior period, a Labor Department report showed today in Washington. |
