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Friday, January 29, 2010

Good News?

The big news of the day is that US GDP rose 5.7% in the 4th quarter of 2009. However, with unemployment at 10%, the economy still has a way to go before we would call it "recovered", but we need to start somewhere.

Here are some economists reactions to the GDP news, some more positive than others. Also, here is an explanation of how the GDP increase was due in part to slower draw downs of inventories.