Corporate profits dropping. Don't use that money for stock buybacks. FEED YOUR HORSES
"So much for the "self-sustaining", "escape-velocity" recovery. Again.
After rising at an annualized pace of 4.6% and 5.0% in Q2 and Q3, the final Q4 GDP estimate (a number which will still be revised at least 3-4 times in the coming years), slid more than half to 2.2%, the same as the second estimate from a month ago, and below the consensus Wall Street estimate of 2.4%."
....don't be fooled by the stock price...........
"So much for the "self-sustaining", "escape-velocity" recovery. Again.
After rising at an annualized pace of 4.6% and 5.0% in Q2 and Q3, the final Q4 GDP estimate (a number which will still be revised at least 3-4 times in the coming years), slid more than half to 2.2%, the same as the second estimate from a month ago, and below the consensus Wall Street estimate of 2.4%."
....don't be fooled by the stock price...........
GDP below expectations
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