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Name:
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CRD
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Subject:
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4th quarter results
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Date:
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4/27/2018 10:45:41 AM
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Government spending slowed first quarter to a 1.2% gain as opposed to 3% previously.
Trade added .2% to growth. Inventories added .43%
GDP rose 2.3% down from 2.9% last quarter of 2017. However, it was the highest first quarter GDP since 2015. Bloomberg's survey of economists forecast a median 2% gain. Don't pay attention to the Atl Fed forecast.
Employee comp rose more than expected from a Labor Department Report.
Fed Reserve sees the first quarter slowdown as transitory, with predictions of a milestone set to hit in May.
I will agree, that a sustained 3% growth rate is going to be difficult to achieve with a global economy and trade corrections after years of a trade war waged on us, however, Archie, if you are not feeling the tailwinds of an improving economy, then you are mired in a wrong profession or simply regurgitate dumbed down talking points.
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