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

Blair43 Wrote: Jan 14, 2013 5:18 PM
In short, the economy is slowing dangerously and if analysts predictions (which were high to begin with) pay out, we're in a stagnant economy. A .8% growth rate doesn't keep up with either population growth or inflation, ie - bring on the recession.

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