BEA 4th Quarter GDP 1st Estimate 0.7% Q&A: Why Did GDPNow Rise After...

BEA 4th Quarter GDP 1st Estimate 0.7% Q&A: Why Did GDPNow Rise After Durable Goods? When are Construction Revisions Coming? 'The one-month slump in activity in today's January [housing] report is not enough to offset the more favorable picture painted by other housing indicators.' — Wrightson ICAP economists. Attributed by 'Taking all the new data into account, there is really no material change in our expectations for the U. S. economy since I last reported to Congress a couple of weeks ago. We are looking for moderate growth in the U. S. economy going forward.' Ben Bernanke - Attributed by 'These [emerging] markets, on a price-earnings basis, are not highly expensive, and there's no good reason for a massive correction.' - Mark Mobius of Templeton Developing Markets Fund. Attributed by 'The situation is pretty benign globally. There's 'No good reason' for a global stock sell-off'. - Mark Mobius of Templeton Developing Markets Fund. Attributed by 'This is more a short-term deal rather than a long term deal and we're closer to the end of this correction than the beginning.' - Jim Paulsen, chief investment strategist at Wells Capital Management. Attributed by 'Worries about the end of the carry trade are absolute nonsense.' - Stephen Massocca, president and head of trading at Pacific Growth Equities. Attributed by 'Global equity markets should experience a constructive year.' - Bob Doll, global chief investment officer of equities at BlackRock Inc. Attributed by 'I think the worst is behind us. We are in the midst of a very significant inventory liquidation of unsold new homes.' - Alan Greenspan. Attributed by the 'Take a red marker and make a big X on Feb. 27 in your calendar. Make no other marks or notations. Then go about your regular business for the next 10 months.' - Chuck Jaffe of Marketwatch. - Attributed by 'Any risks the housing contraction could spark an economy-wide recession are fading fast. Further declines in construction spending should peter out toward mid year.' - Freddie Mac on February 8th - Attributed by The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.