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Non-Tech : Kirk's Market Thoughts
COHR 191.04-2.5%Jan 16 9:30 AM EST
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To: robert b furman who wrote (2659)1/30/2015 9:29:09 AM
From: Kirk ©  Read Replies (1) of 27058
 
Looks like the big pullback in ECRI's WLI correctly "predicted" we'd see lower GDP. I hear many were surprised but I sure was not expecting another quarter of 5.0% GDP that we got for Q3.
The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:

Real gross domestic product -- the value of the production of goods and services in the United States, adjusted for price changes -- increased at an annual rate of 2.6 percent in the fourth quarter of 2014, according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 5.0 percent.

The full text of the release on BEA's Web site can be found at www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

Q3 GDP was unchanged from the last estimate of 5.0%.
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