Comments on economics, mystery fiction, drama, and art.

Friday, January 27, 2006

Fourth Quarter 2005: Not Good News

"Economy Grows At Slowest Pace In 3 Years." 1.1% increase in real GDP in the fourth quarter. This is not good news. The particularly bad news is the fairly large increase in the rate of inventory accumulation. Businesses are highly likely to cut back on inventory purchases; it's not unlikely that inventories will fall in the first quarter of 2006.


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