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Is The Latest GDP Report A Sign The Recession Is Over?

Posted on October 29th, 2009 by

The latest U.S. GDP report was released this morning and came in at 3.5% (advance estimate GDP).

News articles started hitting the press, adding to recent articles stating that the “Recession is Over!”.

Previously, the most recent 4 quarters of data had shown contracting economic activity, so the new data is welcome news.

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Continue reading: Is The Latest GDP Report A Sign The Recession Is Over?

Stocks Move Lower After Consumer Confidence Data

Posted on October 27th, 2009 by

Stocks reversed course this morning as Consumer Confidence Index Data came out well below expectations.

The Index came out at 47.7, which is down from 53.4 in September and 54.5 in August. Economists had expected the index to rise to 54.0 after a decline last month. The trend here is clearly moving lower and …

Continue reading: Stocks Move Lower After Consumer Confidence Data

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