4th quarter GDP

[DavidS]

Place your bets here on just how badly the 4th quarter did.

Right now, they they're expecting a contraction of 5.5% according to marketwatch.com

http://www.marketwatch.com/news/story/economy-free-fall-fourth-quarter/story.aspx?guid={D87827B0-F739-42A7-A123-AEB36F40D99B}&dist=msr_4

I'm going to say it's worse than that. There were no retail sales to even discuss after black friday. So I'm going to say that it's 6.2%. Anyone else? Over/under?

 

[editec]

Not a clue.

Things are going from very bad to absolutely horrible though.

 

[cunclusion]

I think the contraction will be worse than expected most likely slightly lower than you stated but not by much and thats being optimistic.

 

[Paulie]

Place your bets here on just how badly the 4th quarter did.

Right now, they they're expecting a contraction of 5.5% according to marketwatch.com

http://www.marketwatch.com/news/story/economy-free-fall-fourth-quarter/story.aspx?guid={D87827B0-F739-42A7-A123-AEB36F40D99B}&dist=msr_4

I'm going to say it's worse than that. There were no retail sales to even discuss after black friday. So I'm going to say that it's 6.2%. Anyone else? Over/under?

Yeah, let's make a game out of it. I mean, it's hilarious as it is, right?

Give me a parlay on 4th quarter '08 and 1st quarter '09. 6% and 5.7%.

I like the sucker bets.

 

[DavidS]

Well, here we go. 12 minutes until the GDP report. It's going to be the worst since Reagan. In 26 years. They're estimating -5.4%.

 

[Ravi]

Well, here we go. 12 minutes until the GDP report. It's going to be the worst since Reagan. In 26 years. They're estimating -5.4%.

Sounds like a good time for a stimulus plan.

 

[DavidS]

Down 3.8%. Nowhere near as bad as expected, but it is still a two-quarter-in-a-row negative GDP.

 

[Toro]

Yeah, it came in better than expected but that was because there was an inventory build. If there wasn't an inventory build, GDP would have been -5.1%, still better than expected but not as good as the headline number suggests.

 

[wimpy77]

1st quarter report isn't going to be pretty.

 

[Toro]

1st quarter report isn't going to be pretty.

Could be as bad as the last one.