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Thread: Economy Grows 5.7 Percent; Chicago PMI Jumps

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    Economy Grows 5.7 Percent; Chicago PMI Jumps

    The U.S. economy grew at a faster-than-expected 5.7 percent pace in the fourth quarter, the quickest in more than six years, as businesses made less-aggressive cuts to inventories and stepped up spending.Separately, The Institute for Supply Management-Chicago said on Friday its index of Midwest business activity rose more than expected in January to 61.5 from 58.7 in December. Economists polled by Reuters had forecast a January figure of 57.4. A reading above 50 indicates expansion in the regional economy.
    This is good news, but job seekers should be too encouraged yet, since employment is a lagging factor. Improvement still won't show up there for a while. Hopefully, the bottom has already happened, and the economy is still rebounding. But we are not out of the woods yet. If Obama's stimulus is the only thing that is driving the economy right now, then we could be in for a double dipper. But, maybe, we could finally be coming out of this crisis. I am taking a wait and see attitude for right now. Let's see what the next couple of quarters bring.

    Article is here.
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    Re: Economy Grows 5.7 Percent; Chicago PMI Jumps

    Certainly that 5.7% will be revised down, but still good news indeed.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: Economy Grows 5.7 Percent; Chicago PMI Jumps

    So who's fault is this? Do we blame Bush or Obama?

    Jokes aside.. nice numbers.
    PeteEU

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    Re: Economy Grows 5.7 Percent; Chicago PMI Jumps

    Quote Originally Posted by PeteEU View Post
    So who's fault is this? Do we blame Bush or Obama?

    Jokes aside.. nice numbers.
    Geeeee is there any question?



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    Re: Economy Grows 5.7 Percent; Chicago PMI Jumps

    Quote Originally Posted by PeteEU View Post
    So who's fault is this? Do we blame Bush or Obama?

    Jokes aside.. nice numbers.
    Funny how you haven't compared the last couple of quarters to the Eurozone.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: Economy Grows 5.7 Percent; Chicago PMI Jumps

    Quote Originally Posted by American View Post
    Geeeee is there any question?



    Good you admit it then.. careful not to burst into flames for that heresy
    PeteEU

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    Re: Economy Grows 5.7 Percent; Chicago PMI Jumps

    Quote Originally Posted by Harshaw View Post
    Funny how you haven't compared the last couple of quarters to the Eurozone.
    Why should I? that was not the topic of this thread.
    PeteEU

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    Re: Economy Grows 5.7 Percent; Chicago PMI Jumps

    Quote Originally Posted by danarhea View Post
    This is good news, but job seekers should be too encouraged yet, since employment is a lagging factor. Improvement still won't show up there for a while. Hopefully, the bottom has already happened, and the economy is still rebounding. But we are not out of the woods yet. If Obama's stimulus is the only thing that is driving the economy right now, then we could be in for a double dipper. But, maybe, we could finally be coming out of this crisis. I am taking a wait and see attitude for right now. Let's see what the next couple of quarters bring.

    Article is here.
    Excellent news! And I share your hope that the bottom has been reached.
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    Re: Economy Grows 5.7 Percent; Chicago PMI Jumps

    Quote Originally Posted by PeteEU View Post
    Why should I? that was not the topic of this thread.


    InDEED.
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    Re: Economy Grows 5.7 Percent; Chicago PMI Jumps

    It's looking good for a second term already.
    Don't work out, work in.

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