Friday, February 27, 2009

And US Growth revised downwards!

Remember when I mentioned that Europe was falling faster than the US? Turns out that was wrong!

From the BEA:
Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- decreased at an annual rate of 6.2 percent in the fourth quarter of 2008,
(that is, from the third quarter to the fourth quarter), according to preliminary estimates released by the
Bureau of Economic Analysis.

And in other news, more free money for Citi

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