- Prison Planet.com - http://www.prisonplanet.com -

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.

[2]


Article printed from Prison Planet.com: http://www.prisonplanet.com

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

Copyright © 2013 PrisonPlanet.com. All rights reserved.