Thursday, March 27, 2008

US Economy contracts based on GDI numbers - WSJ Economy Blogs

Great insight from Wall Street Journal folks ..... I quote...

"One tiny nugget of good news in the latest gross domestic product report is that the U.S. economy managed to avoid contracting by eking a 0.6% gain. Or did it?A separate measure of the economy touted by Federal Reserve officials last year - gross domestic income - posted its largest decline, at a 1% annualized [.]"

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