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A Look at GDP for 2012-Q4

tinman6000 Wrote: Nov 05, 2012 10:03 PM
Ronald Wilson Reagan made a big mistake by having 241 U.S. Marines used as hostages in Beirut, Lebanon in October, 1983. A bomb-laden truck, driven by a Shia Iran-sponsored terrorist drove into the U.S Marine base and killed 241 Americans. The Commander-in-Chief had given the order that the sentries protecting the base were forbidden, by formal "rules of engagement," to not have BULLETS in their rifles. A colossal blunder by Ronald Wilson Reagan and we simply left Lebanon a few months later.
As we expected, economic growth in the United States picked up in the third quarter of 2012, increasing from the annualized growth rate of 1.3% recorded in 2012-Q2 to 2.0% in the BEA's initial GDP estimate for 2012-Q3.

We had forecast that real GDP would be recorded at $13,602.8 billion in terms of constant 2005 U.S. dollars, and the BEA's initial estimate came in at $13,616.2 billion - a difference of $13.4 billion, or with 0.01% of the BEA's recorded figure.

The BEA will revise this figure twice more before the end...

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