Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Karen Lawrence who wrote (693917)	7/25/2005 6:32:45 PM
From: Hope Praytochange	Read Replies (1) \| Respond to of 769670

--Stone & McCarthy (Princeton)-- We believe the economic expansion continued to roll along during the second quarter. We think the economy grew at a 3.5% rate, a bit slower than the 3.8% annualized growth seen in the first quarter and the fourth quarter of 2004. We expect significant positive contributions to Q2:05 GDP from personal consumption, a sharp improvement in the net export sector, and gains in business investment and government spending. Partially offsetting these strengths will be a drag from a slower pace of inventory investment. If our forecast is near the mark, then economic growth over the four quarters ending with Q2:05 held more or less steady at a 3.8% growth rate, little different than the 3.7% to 4.0% growth rates seen over four quarters ending in March, December and September. Second quarter final sales, GDP less change in business inventories, likely grew a strong 5.0% rate. smra.com