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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Bread Upon The Water who wrote (108401)	1/29/2012 10:28:49 AM
From: Bread Upon The Water	Respond to of 149317

Could Iran's new flying boats cut off our oil supply? bbc.co.uk

To: Bread Upon The Water who wrote (108401)	1/29/2012 10:31:24 AM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

As the chart illustrates, the latest YoY real GDP, at 1.6% is up from last quarter's 1.5% (to two decimal points it's 1.56% versus 1.46% for Q3). At 1.6% the YoY number is below the level at the onset of all the recessions since quarterly GDP was first calculated — with one exception: The six-month recession in 1980 started in a quarter with lower YoY GDP (at two decimal places it was 1.42% versus today's 1.56%). And only on one occasion (Q1 2007) has YoY GDP dropped below 1.6% without a recession starting in the same quarter. In that case the recession began three quarters later in December 2007. advisorperspectives.com