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WEEKLY QUOTE
“Everything you can imagine is real.”
- Pablo Picasso
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May 6, 2013
UNEMPLOYMENT EDGES DOWN TO 7.5% April brought a rebound in hiring. Employers added 165,000 jobs, and so the unemployment rate reached a four-year low. (The Labor Department also revised March’s job gains upward to 138,000.) Payrolls have now expanded by |
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May 6, 2013
May 6th, 2013
April 29, 2013
April 29th, 2013
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| WEEKLY QUOTE “You can be standing right in front of the truth and not necessarily see it, and people only get it when they’re ready to get it.”
- George Harrison
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April 29, 2013 Q1 GDP COMES IN AT 2.5% The initial estimate of first quarter growth from the Bureau of Economic Analysis disappointed some analysts who had expected 3% expansion or better. Personal consumption and inventory accumulation were the prime sources of growth. Personal spending rose 3.2% in the quarter, but real disposable personal income fell 5.3%, which led the personal savings rate to slip to 2.6% from 4.7% in Q4. The big picture? The economic recovery |
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April 22nd, 2013
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WEEKLY QUOTE
“Friendship is a single soul dwelling in two bodies.”
- Aristotle
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April 22, 2013 INFLATION DECLINES Consumer prices retreated 0.2% in March as fuel costs fell, a sea change from the 0.7% rise in the Consumer Price Index seen in February. (Labor Department data did show a 0.1% rise in core CPI.) Annualized consumer inflation was at 1.5% in March, down half a percent in a month. Year-over-year inflation hasn’t |
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