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U.S. Economic Outlook

Source: Americas: iStockAnalyst.com Feed

January 29th, 2010 | No Comments | Posted in US

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The US economy expanded by an eye-popping 5.7% pace in Q4 09, according to the government’s initial estimate, the fastest in six years. The slower pace of de stocking, contributed about 3.4 percentage points to GDP. Consumer spending rose at a 2% clip, a bit better than expected, but off the 2.8% pace seen in Q3 09 that was boosted by the cash-for-clunker program.[More...]   Read More

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  • Formula shows why it’s so hard to cut jobless rate
    <ul><li>WASHINGTON – The economy’s 5.7 percent growth last quarter – the fastest pace since 2003 – was a step toward shrinking the nation’s 10 percent unemployment rate.</li><li>There’s just o...
  • Economy grows at 5.7 pct pace, fastest since 2003
    <ul><li>WASHINGTON – The economy’s faster-than-expected growth at the end of last year, powered by companies replenishing stockpiles, is likely to weaken as consumers keep a lid on spending.</li><li>Still, economists...
  • Stocks rise after better-than-expected GDP report
    <ul><li>NEW YORK – Stocks were mostly higher Friday after the government’s gross domestic product report showed that the economy grew at its fastest pace in six years.</li><li>The Commerce Department said GDP expande...
  • Shared-Work proves popular: Unemployment: Program allows workers whose hours are cut to claim benefits to make up part of pay
    <ul><li>Jan. 28–A record number of statewide and South Sound businesses took advantage of a program in 2009 to offset the slower economy, and that record pace continues this year, a state Employment Security Department spokesman said ...
  • White House: Stimulus saved 2 million jobs
  • A Picture Of Health?
    The trillion dollar question for the financial markets is whether or not the global economy is strong enough to accept the hand-off from central bank and government stimulus. After 15+ years trading the financial markets we have found only one statemen...
  • Economy continues sluggish recovery: GDP increased more than predicted in last quarter of 2009.
    <ul><li>The 5.7 percent pace was the fastest growth rate in six years. </li><li>National economic analysts had expected the gross domestic product (GDP) to increase at a 4.6 percent pace. </li><li>However, the U.S. C...
  • Aussie Homeowners Stressed Out
    A hat-tip to Deano for directing me to the following story about growing mortgage stress amongst first home buyers in Australia. Unlike the rest of the world Australia did not undergo a sizeable correction in home prices as a result of the misguided po...
  • Can Someone Please Tell Me How This Is Supposed to Be Good Policy?
    There is about a 30% chance that the U.S. economy is about to start growing rapidly, with unemployment declining by a percentage point or two each year. There is about a 40% chance that we are about to start a recovery like or a little bit better than ...
  • UPI NewsTrack Business
    <ul><li>Obama: Deficit reduction ‘critical’</li><li>WASHINGTON, Jan. 29 (UPI) — U.S. President Barack Obama Saturday said "it is critical that we rein in" budget deficits that put economic recovery at...

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