Trampling the Caution Flag
Gross domestic product contracted in the fourth quarter, making it the first negative quarter of growth since the second quarter of 2009. The bad news is in stunning stark contrast with a stock market that appears complacent and without concerns.
Fourth-quarter weakness was more or less across the board, with declining output seen in three out of four components of GDP. Only a small gain in personal consumption expenditures kept the contraction from being sharper than it was....389 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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