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Q1 GDP Prints At 1.8% Misses Consensus OF 2.0%, Plunges From 3.1% In Q4, Initial Claims Surge

Posted By admin On April 28, 2011 @ 8:26 am In Money Watch | Comments Disabled

Tyler Durden
Zero Hedge [1]
Thursday, April 28, 2011

Key highlights:

  • US GDP Price Index (Q1 A) Q/Q 1.9% vs. Exp. 2.3% (Prev. 0.4%)
  • US PCE Core (Q1 A) Q/Q 1.5% vs. Exp. 1.4% (Prev. 0.4)
  • US Personal Consumption (Q1 A) Q/Q 2.7% vs. Exp. 2.0% (Prev. 4.0%)

and the kicker:

  • US Initial Jobless Claims (Apr 23) W/W 429K vs. Exp. 395K (Prev. 403K)

Nobody could have predicted the economic devastation (even as inflation surges). Nobody. And certain not the wise oracles at the Federal Reserve.

Q1 GDP Prints At 1.8% Misses Consensus OF 2.0%, Plunges From 3.1% In Q4, Initial Claims Surge Q1%202011%20GDP 0 [2]

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URL to article: http://www.prisonplanet.com/q1-gdp-prints-at-1-8-misses-consensus-of-2-0-plunges-from-3-1-in-q4-initial-claims-surge.html

URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/article/q1-gdp-prints-18-misses-consensus-20-plunges-31-q4-initial-claims-surge

[2] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/bernanke/Q1%202011%20GDP.jpg

[3] Initial Jobless Claims in U.S. Unexpectedly Increase: http://www.prisonplanet.com/initial-jobless-claims-in-u-s-unexpectedly-increase.html

[4] Initial Claims Over 400K For Second Week In A Row, Hurricane’s Fault Again: http://www.prisonplanet.com/initial-claims-over-400k-for-second-week-in-a-row-hurricanes-fault-again.html

[5] US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus: http://www.prisonplanet.com/us-economic-data-reporting-now-officially-a-farce-every-economic-data-point-prints-4-std-devs-above-consensus.html

[6] Emergency Jobless Insurance Claims Surge By Most Ever In Prior Week: http://www.prisonplanet.com/emergency-jobless-insurance-claims-surge-by-most-ever-in-prior-week.html

[7] Zimbabwe prints $100 trillion notes: http://www.prisonplanet.com/zimbabwe-prints-100-trillion-notes.html

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