[stevem]

... there are indications that growth has since rebounded strongly

Indications are everywhere...shrinking work force, inflation through the roof, falling wages, downward mobility.

You can't go too far wrong with more of the same.

[aegiscg47]

There was some tool of an economic expert commenting on this on the 6am CBS news break as I was driving in to work this morning. He said that this was "all in the rear view mirror" and he expected to end the year up at least 4%! Where do they find these people?

[HeartlandOfAmerica]

Hmmm. I might be wrong, but I believe that the last 3 months of GDP are a predictor of the economy in the next 3-6 months. I also may be wrong, but GDP for the last 3 months has gone from worse to worser to this months worstest.

Not looking good for the home team. Especially with this administrations penchant for revised numbers a month later. What if next month gets revised downward even more than this month's horrible numbers??