Thursday, March 26, 2009

US GDP q4 - down over 6 percent

The US q4 GDP number has just been revised.

GDP during the fourth quarter fell at the fastest rate since 1982. Corporate profits are falling faster than at any time in 55 years.

The sky is falling down!


  1. How does it go....."no time for a novice".
    looks like a good old fashioned war is on the cards then.

  2. Remember that the Yanks almost always annualise numbers to make them big and dramatic. So it's not really 6%, more like 1.5%.

  3. Don't worry, Obama is going to borrow and spend our way right out of the doldrums!