Tuesday, January 31, 2012

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 quarter 2011                  1.3%

3rd quarter 2011                  1.8%

4rd quarter 2011            Advance Estimate        2.8%

                                      Second Estimate         2/29/12

                                     Third Estimate             3/29/12

By the way, the advance estimate for the 3rd quarter of 2011 was 2.5%. The economy is in a slow painful jobless recovery that will not pick-up real momentum until after the election.

As housing goes …. So goes the economy!

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