GDP REPORT

2nd quarter 2009                                - 0.7%

3rd quarter 2009                                   2.2%

4th quarter 2009                                   5.6%

1st quarter 2010                                   2.7%

2nd quarter 2010                                  1.7%

3rd quarter 2010                                   2.6%

4th quarter 2010                                   3.1%

1st quarter 2011                                   0.4%

2nd QT

Advance Estimate July 29                    1.3%

Second Estimate Aug 26                      1.0%  This is not at all a good number and the trend is decline. It would not be unreasonable to think that the 2nd qt. 2011 GDP could be negative. This would represent the first leg of an officially defined recession.

Third Estimate Sept 29


Release dates in 2011 Gross Domestic Product

3rd QT
Advance Estimate Oct 27
Second Estimate Nov 22     Hurricane Irene's economic impact could show up in the GDP
Third Estimate Dec 22

As housing goes …. So goes the economy!