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4th Quarter GDP Estimate Reduced to .8% from 1.5%

BK22 Wrote: Jan 14, 2013 11:50 AM
The Government announces the wonderful growth of GDP and it is almost always downgraded..the Government and the elite media downplay this in hopes that the public forgets and thinks that everything is great....

Holiday sales of electronics and toys plunged this past Christmas season. Also of note, JPMorgan lowered its annualized 4th quarter GDP estimates down to .8% from 1.5%. Nonetheless, analysts see a silver lining to the data. They always do.

Toys R Us Sales Decline 4.5%

MSN Money reports Gloomy Holiday Sales at Toys R Us