US economy unexpectedly shrank in the 4th quarter of 2012 (user search)
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  US economy unexpectedly shrank in the 4th quarter of 2012 (search mode)
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Author Topic: US economy unexpectedly shrank in the 4th quarter of 2012  (Read 1140 times)
Fmr. Pres. Duke
AHDuke99
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E: -1.94, S: -3.13

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« on: January 30, 2013, 04:20:32 PM »
We dropped because of the massive defense spending cuts. I expect this is temporary. I expect we will have strong numbers in Q12013.
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Fmr. Pres. Duke
AHDuke99
Atlas Star
*****
Posts: 24,213


Political Matrix
E: -1.94, S: -3.13

P P
« Reply #1 on: January 31, 2013, 03:48:27 PM »
I think a lot of this had to do with both the hurricane and the fiscal cliff. A lot of companies cut inventories and the like in preparation for what may come in the future should we go over the cliff. When we avoided it, we saw a huge run up in the markets in January. I expect we will see solid growth numbers this quarter.
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Fmr. Pres. Duke
AHDuke99
Atlas Star
*****
Posts: 24,213


Political Matrix
E: -1.94, S: -3.13

P P
« Reply #2 on: March 01, 2013, 08:46:57 PM »
^^ and it was!
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