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Friday, October 27, 2006

Soft Landing

Soft landing? The US economy continued to show signs of slowing, with today's Commerce Department's release of its estimate for 3rd Quarter GDP coming in at a weak increase of a seasonally adjusted 1.6% annual rate. This was a sharp drop from last quarter's 2.6% rate, and below the average economists' forecast of a 2.2% rise. Read More....