30 April 2010

Economics Update

Slow day, but the first bit of news is a big one, in that the GDP grew at a 3.2% annual rate in the 1st quarter, though this is somewhat tempered by the fact that half of this was an increase in inventory, not increased consumption.

Also, Greece is still figuring in commodities and currencies, with the expectation of that the details of the bailout will be showing up shortly, driving oil up and the dollar down.

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