The Speed of Trust,
Getting to Yes,
All Real Estate is Local,
Negotiation,
Clear Blogging,
It’s not that anyone is over eager…, but… it’s still a rebound of a sort!
The Commerce Department’s new reading on gross domestic product wasn’t as energetic as the 3.5 percent growth rate for the July-September period estimated just a month ago.
The main factors behind the downgrade:
- consumers didn’t spend as much,
- commercial construction was weaker
- the nation’s trade deficit was more of a drag on growth
- businesses trimmed more of their stockpiles, another restraining factor
A few other bullet points from today’s Associated Press article:
- The good news is that the economy finally started to grow again, after a record four straight losing quarters.
- The bad new is that the rebound, now and in the months ahead, probably will be lethargic.
- The worst recession since the 1930s is very likely over, but the economy’s return to good health will take time.
(full article here)
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