Economy is worse than expected
An interesting article by Herman Cain:
The U.S. Commerce Department announced on Friday that the Gross Domestic Product (GDP) decreased at an annual rate of 6.2 percent in the fourth quarter of 2008, which was worse than the minus-3.8 percent preliminary estimate.
“Worse than expected” has become a consistent theme with nearly all measures of economic activity lately. Housing, unemployment, jobless claims, consumer spending, consumer confidence or your personal favorite leading or trailing indicator of the health of the economy could all use the headline “worse than expected”. Read the full story.
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Tags: commerce department, economic stimulus, Economy, gdp, gross domestic product, herman cain, unemployment
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