Quote:
Originally Posted by whell
Well, as usual, the LA (Behind the) Times got it half right.
The U.S. economy slowed dramatically in the first quarter of 2014, as severe winter weather across much of the country depressed business investment and home construction.
The economy’s meager 0.1% GDP growth in January, February and March represented the slowest three-month growth in the economy since the end of 2012, and a sharp deceleration from growth in the second half of 2013, when the economy grew at a 3.4% rate.
The data reported by the Commerce Department early Wednesday fell far short of the expectations of Wall Street economists, who had predicted a 1.2 percent rate of growth this quarter, the New York Times reports.
So economists were already expecting the data to be crappy because of the weather, but it was even crappier than they expected.
http://time.com/82434/gdp-economy-first-quarter-2014/
http://www.nytimes.com/2014/05/01/bu...r.html?hp&_r=0 |
Whell you can start rubbing Bobby Boo Boo's Comments in his face now.
Quote:
Originally Posted by bobabode
You need to get your prescription checked bro. Oh, that's right...you can't see past quarterly reports.
Not that it's anything to crow about but the Dow went into uncharted territory today.
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I hope you stay away form any investing in stocks.
S&P ends flat ahead of jobs report; Internet names gain
(Reuters) - The S&P 500 ended nearly flat on Thursday as investors paused ahead of Friday's jobs report, though gains in Internet shares helped lift the Nasdaq.
The Dow eased back into negative territory for the year, a day after closing at its first record high of 2014.
The April jobs report, which is expected to show U.S. employment rose at its fastest clip in five months based on a Reuters survey of economists, could further confirm the economic momentum is back on track after a dismal winter.
http://in.reuters.com/article/2014/0...A360QI20140502