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Archive for May, 2008

The “R” Word

Posted by 史蒂芬 on 1 May 2008

The results are in! The Fed announced +0.6% real GDP growth for the first quarter. Wonderful, we are not in a recession. What? No cheers? That could be because the positive growth was only due to rising inventories so we are just delaying the inevitable. Don’t forget that population growth is approximately 1% so per capita income actually declined. Combined with another rate cut, I guess that leaves a little something for everyone.

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