The economy shrinks twice as much as expected. With this bad news I have to wonder. Did I buy too many guns or not enough?
July 31 (Bloomberg) -- The first 12 months of the U.S. recession saw the economy shrink more than twice as much as previously estimated, reflecting even bigger declines in consumer spending and housing, revised figures showed.
[url]http://www.bloomberg.com/apps/news?pid=20601087&sid=aNivTjr852TI[/URL]
July 31 (Bloomberg) -- The first 12 months of the U.S. recession saw the economy shrink more than twice as much as previously estimated, reflecting even bigger declines in consumer spending and housing, revised figures showed.
[url]http://www.bloomberg.com/apps/news?pid=20601087&sid=aNivTjr852TI[/URL]
