Wednesday, June 29, 2005

GDP Better Than Expected

GDP was up 3.8% in the first quarter, which beat the estimate of 3.7%. Growth was lead by spending in housing and business investment spending. Inflation came in at 2.00%, which was below the consensus 2.2% rate. But inflation was up 0.3% from the forth quarter of 2004. Things don't look as bad as some may think. I will continue my bullish view on US and international stocks for the rest of 2005 and 2006.


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