US Q1 GDP Grows at 4.2%

CNBC | April 29, 2004

[RWR8189]

The US economy grew at a rate of 4.2% in the first quarter of 2004.

Details to come...

[Monty22]

Good, sustainable growth.. Not too hot, not too cold.. Just right :)

[SandRat]

Growth at 4.2% + Little Tommy Dashale is deeply saddend.

My feelings on both

[An.American.Expatriate]

But this can't be. John Al-Kerry say the economy s**ks and only he can save us.

[kittymyrib]

Ooooh nooooooooooo! The Wall Street gurus were predicting 5% so I guess the market will go down another 150 points today because THEY were wrong. Doncha just love how that works...

[GraniteStateConservative]

Well, if 5% is priced in, then the market should fall.

[ChuckShick]

Actually, since it came in lower, the market might go up. The number they're looking for will be the inflation calc.

[Semper Paratus]

I guess Herbert Hoover was a hell of an economist after all.

[Caipirabob]

I think that the Bush Administration's consipracy to "rig" the U.S. economy so that it improves dramatically the year before the election is an outrage, an outright lie and an insult to the American people!

[Caipirabob]

What he said! What?!? Is my "mascara" running again?

[mware]

Should be a good day on the stockmarket.

[Dave S]

Actually, since it came in lower, the market might go up. The number they're looking for will be the inflation calc.

Then market will go down as inflation was higher than expected.

[Broker]

I know.
I don't know.
I know I don't know.

[Wyatt's Torch]

Then market will go down as inflation was higher than expected.

Exactly. Interesting this is Gold is down over $13/oz today...

[PianoMan]

NY Times Headline: "Economy grew at 4.2%, slower than expected"

[ARCADIA]

US economy grew at a rate of 4.2

The important question is whether that number is larger or smaller then the inflation rate. If 4.2% is less then the inflation rate, then the economy is actually contracting.

[republicanwizard]

Thanks Tom Daschle.

[Extremely Extreme Extremist]

I guess Herbert Hoover was a hell of an economist after all.

Hoover is the most misunderstood President in American history.

One fact about Hoover that hypocritical liberals will never mention is how he used his own money to set up food programs in post WWI Europe. That and he was the only President to never accept the Presidential salary.

[ARCADIA]

Thanks Tom Daschle.

Well so much for taking the high ground. We return you now to our regular program of sound bites and propaganda.

[AmericanInTokyo]

Any word/guess with respect to mortgage interest rates (because of this news today), i.e. with respect to 30 year mortgage, or shorter 5 year ARM type products? I'll bet they go up.