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Friday, July 29, 2011

1.3% Second Quarter GDP

The government has released the GDP figure of 1.3% growth in the second quarter.

Make no mistake, this is very bad news. The number was projected to even possibly be as high as 2.0%+. I would expect the stock market to take a severe downturn today. I hope I am wrong.

From CNN:
Second quarter GDP growth at 1.3 %

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