Wednesday, April 29, 2009

Economy shrinks at 6.1 percent pace in 1Q

Good thing we're getting close to begin to decelerate to reach closer to starting to get to the bottom. Economy shrinks at 6.1 percent pace in 1Q: "WASHINGTON – The economy shrank at a worse-than-expected 6.1 percent pace at the start of this year as sharp cutbacks by businesses and the biggest drop in U.S. exports in 40 years overwhelmed a rebound in consumer spending."

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