Friday, January 30, 2009

Well...this isn't good

So, US GDP fell at a 3.8% annualized rate in Q4.

Problem being that economists expected a much worse report, and the reason it wasn't as bad as we thought is because businesses had more inventory.

Essentially meaning that businesses produced a heck of a lot of product that they weren't able to sell.

Guess we are going to be seeing a lot more layoffs...

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