Sunday, January 25, 2009

Bloodbath

Actual numbers come out Friday, but the guesses aren't pretty.

GDP is expected to have fallen at a 5.5% annualized rate in the final three months of last year, according to the median forecast of economists surveyed by MarketWatch. That would be the biggest decline since the 6.4% drop in early 1982 and one of the worst quarters in the post-World War II era.