The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retire Early Liberal Edition

URL:  http://boards.fool.com/urkel8217s-robust-economy-8230-30515199.aspx

Subject:  Urkel’s Robust Economy … Date:  1/30/2013  11:35 AM
Author:  ravvt Number:  47572 of 63336

http://www.cbsnews.com/8301-505123_162-57566601/gdp-economy-...

GDP: Economy shrank in fourth quarter

WASHINGTON The U.S. economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles.

The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That's a sharp slowdown from the 3.1 percent growth rate in the July-September quarter.

The surprise contraction could raise fears about the economy's ability to handle tax increases that took effect in January and looming spending cuts.



… the only question is: When will Urkel proclaim these results to be Bush’s fault?
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us