The economy in geek-speak. Not as rosy as the Big “O” is trying to paint it.
A Few Comments About Q1 GDP...
Calculated Risk | Apr. 30, 2010, 9:05 PM
The two leading sectors, residential investment (RI) and personal consumption expenditures (PCE), moved in different directions in Q1:
PCE increased at a 3.6% annualized growth rate compared to 1.6% in Q4. PCE was driven by a decline in the savings rate to 3.1% (from 3.9%) and transfer payments (I'll have more on this). RI declined 10.9% in Q1, compared to an increase of 3.8% in Q4.
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