Are We There Yet?
Dad? Yeah, pal… Are we there yet? No, not yet and stop hitting your sister. The third quarter GDP report last week showed 3.5% growth for the quarter. On Thursday, that was taken as positive evidence that the recession was over and stocks were pushed up over 2%. On Friday, the personal spending numbers reminded .. read more
On November 1st, 2009,
posted in: Markets by Joseph Y. Calhoun Tags: 3rd quarter gdp, case shiller index, cash for clunkers, chicago purchasing managers index, government spending and gdp, gross private domestic investment, new home inventory, new home sales, non residential investment
Tarped and Stimulated
The Commerce Department will release the preliminary estimate of third quarter GDP on Thursday and the consensus expectation is for a positive growth rate of 3%. Considering what has been spent on behalf of economic recovery I would sure hope that we get something north of 3%. TARP took roughly 5% of GDP from the private .. read more
On October 25th, 2009,
posted in: Markets by Joseph Y. Calhoun Tags: 3rd quarter gdp, additional stimulus, car czar, extend unemployment benefits, golf cart tax credit, job creation tax credit, more stimulus, new stimulus plans, pay czar, rattner, stimulus plan, TARP
