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4th Quarter GDP Estimate Reduced to .8% from 1.5%
Townhall.com ^ | January 14, 2013 | Mike Shedlock

Posted on 01/14/2013 5:44:49 AM PST by Kaslin

Edited on 01/14/2013 5:46:08 AM PST by Admin Moderator. [history]

Holiday sales of electronics and toys plunged this past Christmas season. Also of note, JPMorgan lowered its annualized 4th quarter GDP estimates down to .8% from 1.5%. Nonetheless, analysts see a silver lining to the data. They always do.

Toys R Us reported a key sales figure declined in November and December, hurt by weak demand for videogames, electronics and toys and shoppers who pulled back because of Superstorm Sandy.


(Excerpt) Read more at finance.townhall.com ...


TOPICS: Business/Economy; Editorial
KEYWORDS: economy; obamanomics; recovery; sandysfault
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To: Opinionated Blowhard

The ONLY thing the left is good at is placing blame. And they’re very good at it.


21 posted on 01/14/2013 8:19:32 AM PST by youngidiot (God help us.)
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To: Kaslin

In other news, Big Brother is increasing the monthly chocolate ration to 20g.


22 posted on 01/14/2013 8:36:00 AM PST by Hoodat ("As for God, His way is perfect" - Psalm 18:30)
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To: Kaslin
Add the watering down of money ( the feds unlimited QE's)..... could we be looking at 90 - 120 Days to a Bond Collapse?
The same thing happened in 1930. This time, it would be much, much worse. (They didn't have a 47% freeloading population back then.)
The price of food would double, to say the least.
23 posted on 01/14/2013 10:55:09 AM PST by concerned about politics ("Get thee behind me, Liberal")
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To: Kaslin

Less revenues and fees, more debt. Sooner or later, the beast will go on a diet of surprising austerity for unprecedented thinness, because eating more funny money is like eating grass.


24 posted on 01/14/2013 12:49:34 PM PST by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: familyop
Re: “Beast On A Diet”

Old password...

“Do you accept credit cards?”

New password...

“Yes, this is a 12 gauge shotgun, and I do carry gold coins.”

25 posted on 01/14/2013 2:08:53 PM PST by zeestephen
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