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The New DU. Reply #10: The war had little to do with this quarter.
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Zynx
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Fri Oct-31-03 11:29 AM
Response to Reply #9 |
| 10. The war had little to do with this quarter. |
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This quarter was mainly massive home buying, building, and mortgage cash outs along with those tax rebates. All that spending at an annual rate(which is how GDP is done) produces a huge number. There was also a huge number of auto sales. In the fourth quarter, none of this will be there and the economy will slow down considerably.
Business spending I can't explain and I didn't see any numbers previously to suggest that it would be so strong. My guess is that it will be revised down and it was just a crazy outlier.
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