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

    01/14/2013 5:44:49 AM PST · by Kaslin · 24 replies
    Townhall.com ^ | January 14, 2013 | Mike Shedlock
    <p>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.</p> <p>Toys R Us reported a key sales figure declined in November and December, hurt by weak demand for videogames, electronics and toys and shoppers who pulled back because of Superstorm Sandy.</p>