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Old 28th October 2006, 03:58 PM
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Latimes - U.S. economy's growth rate slows

http://www.latimes.com/business/la-f...ck=1&cset=true

And this, despite,

1. Election time policy - calling of Saudi Arabic to lower oil price, unusual caution in handling DPRK, Iran and Iraq.

2. Maintaining of interest rates by Feds.

3. Excessive consumer spending on "tomorrow's money" or credit.
Quote:
That the economy grew at all was due in large measure to a 3.1% upswing in spending by the indefatigable American consumer.
So what happens after the election??

Quote:
Many economists predicted that economic growth would rebound in the final three months of this year or, at the latest, the first quarter of 2007. In a note to clients, Lehman Bros. forecast 3.2%. Goldman Sachs said it would probably revise upward its latest estimate of 2.5%.
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