Friday, January 30, 2009

4Q GDP

U.S. 4th quarter GDP numbers come out this morning at 8:30. Consensus has the number marking the worst economic contraction since the early 80s.

It's strange how big 5% can be. That the U.S. economy contracted 5+% last quarter is laying a gut-wrenching beating on the economy. If a car that caught your eye cost $28.5k rather than $30k, I don't think it would make that much of a difference.

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