April 23, 2004

50-0:

First-quarter GDP another scorcher (Rex Nutting, April 23, 2004, CBS.MarketWatch.com)

For the third quarter in a row, U.S. economic growth has exceeded all expectations.

Following a blowout third quarter and a very strong fourth quarter, most economists expected the economy to pause just a bit in the first three months of 2004.

Instead, growth apparently accelerated, boosted by consumer spending, business investment, housing and inventory stocking.

The first estimate of first-quarter growth will be released by the Commerce Department on Thursday morning. The report is the highlight of another fairly busy week on the economic calendar.

Economists surveyed by CBS MarketWatch expect, on average, annualized growth of 5 percent in the first quarter after 4.1 percent growth in the fourth quarter and 8.2 percent in the third.

It would be the first time in 10 years that growth exceeded 4 percent for three straight quarters.


Harold Stassen could win this election for the GOP.

Posted by Orrin Judd at April 23, 2004 9:04 PM
Comments

Never underestimate the Stupid Party's ability to snatch defeat from the jaws of victory.

(Then again, I'm a pessimist because an optimist can't be pleasantly surprised.)

Posted by: Raoul Ortega at April 23, 2004 10:16 PM

What Raoul said. Rather than 50-0, let's say: GET EVERY VOTER OUT!

Posted by: genecis at April 24, 2004 11:39 AM
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