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2008-04-30 Home Front Economy

MSM fails to spred panic - economy grows

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Posted by DarthVader 2008-04-30 10:31|| || Front Page|| [4 views ] Top

#1 Isn't a 0.6%/quarter rate the same as 2.4% over the year? To me that sounds pretty respectable for a mature economy. Of course my grasp of anything related to money is pretty poor, but even so.

Posted by trailing wife ">trailing wife 2008-04-30 13:06|| 2008-04-30 13:06|| Front Page Top

#2 No, when they give these rates, they're annualized. What they're saying is, if we had four quarters exactly like this one, the annual growth rate would be 0.6%.

It's not what we're used to as Americans, though most Euros would take it.

Posted by Steve White">Steve White 2008-04-30 16:49|| 2008-04-30 16:49|| Front Page Top

#3 The economy grew if you believe the inflation number. But if not, there was contraction, not growth.

Posted by Nimble Spemble 2008-04-30 20:35|| 2008-04-30 20:35|| Front Page Top

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