US Economy Unexpectedly Contracts in Fourth Quarter

[GodFearinGunTotin]

U.S. Economy Contracts in Fourth Quarter - WSJ.com

The economy reversed from a 3.1% pace of growth in the third quarter largely because federal government spending fell by 15% and private business, likely fearing slack in demand, let inventories dwindle.

If only this weren't a "one-off" event that another article states as the democrats' reason...

 

[moltke]

I think that was expected really, just as it will probably uptick somewhat for the first quarter of 2013. If you follow some of the other states that are released monthly you can kindof project whether things will change slightly bad or slight good. More and more I think unless something changes we might as well get used to 'Japan like' stagnation for most of the country outside the very poor or wallstreet.

 

[NYFelon]

What is that sucking sound?