Thursday, August 27, 2009

Today's Unexpected News

GDP Declines 1 Percent In 2Q, Better Than Expected

WASHINGTON — The economy shrank at an annual rate of 1 percent in the spring, a better-than-expected showing and more evidence that the recession is drawing to a close. Many analysts believe the economy is growing in the current quarter, but they caution that any rebound will not be accompanied initially by rising employment.

Nothing happens in this country finanacially that is expected. No wonder things are in such bad shape. Where do we get a new crop of analysts who can replace the current, inept ones?

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