May 29, 2008
First Quarter GDP Figures: No Recession
The final figures are in for the first quarter of the year and the estimate was low. The final figure is a GDP growth of .9 percent; the estimate was .6 percent. So once again, we are not in a recession and those who have claimed, and profited from the claim, that we are in a recession were just polemics or suckered by polemics.
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