{"id":279,"date":"2009-04-29T08:31:12","date_gmt":"2009-04-29T13:31:12","guid":{"rendered":"http:\/\/multithreader.com\/TheInquisitiveMind\/?p=279"},"modified":"2009-04-29T11:15:27","modified_gmt":"2009-04-29T16:15:27","slug":"gdp-report-fails-to-shake-bulls","status":"publish","type":"post","link":"http:\/\/multithreader.com\/TheInquisitiveMind\/2009\/04\/29\/gdp-report-fails-to-shake-bulls\/","title":{"rendered":"GDP Report Fails to Shake Bulls"},"content":{"rendered":"

The headline is shocking: Economy in U.S. Shrank at 6.1% Rate in First Quarter (Update1) – Bloomberg.com<\/a> instead of the median consensus of a 4.7% drop.<\/p>\n

However the equity markets are not showing any signs of distress. <\/p>\n

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A detailed review of the GDP report shows that a significant cause of the lower number was the drop in inventories. <\/p>\n

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Another bright spot was that consumer spending which accounts for about 70% of the economy, climbed at a 2.2% annual pace, the highest level in the past two years. <\/p>\n

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Even government spending was down; something which is likely to reverse. <\/p>\n

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The whispers are out that the GDP might actu ally turn positive in the second quarter, defying <\/p>\n

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The headline is shocking: Economy in U.S. Shrank at 6.1% Rate in First Quarter (Update1) – Bloomberg.com instead of the median consensus of a 4.7% drop. However the equity markets are not showing any signs of distress. 2004 10 04 … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[175],"tags":[205],"_links":{"self":[{"href":"http:\/\/multithreader.com\/TheInquisitiveMind\/wp-json\/wp\/v2\/posts\/279"}],"collection":[{"href":"http:\/\/multithreader.com\/TheInquisitiveMind\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/multithreader.com\/TheInquisitiveMind\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/multithreader.com\/TheInquisitiveMind\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/multithreader.com\/TheInquisitiveMind\/wp-json\/wp\/v2\/comments?post=279"}],"version-history":[{"count":2,"href":"http:\/\/multithreader.com\/TheInquisitiveMind\/wp-json\/wp\/v2\/posts\/279\/revisions"}],"predecessor-version":[{"id":281,"href":"http:\/\/multithreader.com\/TheInquisitiveMind\/wp-json\/wp\/v2\/posts\/279\/revisions\/281"}],"wp:attachment":[{"href":"http:\/\/multithreader.com\/TheInquisitiveMind\/wp-json\/wp\/v2\/media?parent=279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/multithreader.com\/TheInquisitiveMind\/wp-json\/wp\/v2\/categories?post=279"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/multithreader.com\/TheInquisitiveMind\/wp-json\/wp\/v2\/tags?post=279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}