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To: Donald Wennerstrom who wrote (47945)5/23/2010 5:27:13 PM
From: Donald Wennerstrom1 Recommendation  Read Replies (1) | Respond to of 95640
 
A good article below on Economic Growth from IBD this weekend.

<<Economic Growth Starting To Slacken But Shouldn't Stop
By JED GRAHAM, INVESTOR'S BUSINESS DAILY
Posted 05/21/2010 06:59 PM ET

Evidence is mounting that the pace of economic recovery is moderating. Regional manufacturing surveys point to slower order growth. Improvement in jobless claims numbers has stalled.

And the pace of retail sales gains seems to have slackened.

The nascent cooling trend has yet to be confirmed by key monthly national indicators, but it fits with the bigger picture.

The inventory replenishment that fueled growth in recent quarters will downshift to first gear, economists predict. And the federal stimulus has maxed out, peaking this spring with an extra $30 billion in rebates for those without tax liability, according to congressional estimators.

Without those temporary factors, GDP growth — which already lagged the typical 7%-plus burst after other sharp downturns — may have been lackluster, at best. Now a third leg of the recovery, an explosive bull market, has turned into a correction.

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