Sunday, January 29, 2012

GDP ON RECESSION TRACK--INVENTORIES GREW

http://finance.townhall.com/columnists/mikeshedlock/2012/01/28/gdp_on_recession_track
Finance -- Townhall -- Mike Shedlock --

The headline real GDP number of 2.8% does not sound too bad until you dig beneath the surface. A full 1.9 percentages points of that 2.8% was inventory replenishment. Real GDP vs. a year ago is +1.6% and that is on a recession track as well.

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