Monday, January 26, 2009

Analysts Still Down on 2008 and 2009

"Many analysts predict the economy will have contracted at a pace of 5.4 percent in the fourth quarter when the government releases that report on Friday. If they are correct, that would mark the worst performance since a 6.4 percent drop in the first quarter of 1982."

Recall that my calculations for 2008 Q4 say -2.2, +0.4, and +0.8 (depending on the method) -- as compared to the -5.4 cited above.

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